Tyler McDonald
Taking second position when lending out private money
Hey all! I've got a chance to lend to someone for a rehab project. They would like to use a different property (a well performing STR) as the collateral due to the renovation project being a rental property that is o...
Luke Izlar
How to buy property as a 3 way partnership safely?
So myself and 2 co-workers who all share a common interest in REI have decided to team up and form a 3 way partnership to help split the duties and financial risks between us. We have decided to use the BRRRR method.W...
Melissa Taylor
Secured Promissory Note
I am looking at an opportunity here in California to be a lender to a known acquaintance who has a flipping track record. I would use a Secured Promissory Note as the lending vehicle. I would like to get information...
Hans Vermeersch
Advice on financing investment properties using Home equity
Hi all,
I'm new to the property investment world and would like some advice on the best strategy to invest in rental properties considering my situation. We have a fully paid off home currently valued at around 34000...
Darren Roskott
Starting out: HELOC and LLC
Hi everyone, I am pleased to part of this community. I am just starting to get my buy and hold real estate investing career of the ground and need some advice. I have been doing a fair amount of research over the the ...
Cecil Russell
2 bedrm house in Tx. motivated seller giving 70% Equity in sale.
I am looking for financial backing of $16,000 to purchase a decent 2 bedroom house valued at $45,000. The 16,000 covers sale, closing cost, independent secretary, mileage, holding costs. House is to be put on market a...
Karam A Tascoe
Refinance or HELOC with an LLC
Hello BP family,I currently own two investment properties free and clear. One is a duplex and the other is a SFR. I have an opportunity to purchase 4 additional properties from a fellow investor that has recently turn...
Riggies B tang
Question on bank LOC
I heard a while ago in BP that some local bank offer a LOC in the amount up to or a good percentage of the deposited balance in the checking or saving account. Is this true? Do you know of which bank offer this progra...
Sean Tippens
Unsecured loan @ 9.5% for 24mo???
We currently have the deed to a property that we need to rehab. The conversation starts with finding the 25k for the Reno. This will be the first time, for us, using another type of funding that isn’t our own cash. We...
Levi T.
What is a Commercial Lending "Stabilization Report"
The bank dropped a new excel in my lap after our last round of deals. The excel is labeled as "Stabilization Report". They asked us to submit it each time we do another round of lending.It is nothing really fancy. You...