I have a question that I believe can be answered more easily than the way I am going about it.
In the case where someone takes out a loan and then decides to refinance at a lower interest rate later, I am trying to ...
Just recently took over a building. 22 units bought from a local owner. The inspections were done in November but because of the holidays, the financing period was extended due to the banks needing extra time to close...
Hello... please help. Closing is next week and buyers have requested an extension. Sellers refused to extend for a number of reasons. Buyers are now stating they will pay all cash at closing since their lender can’t p...
Does the below mean the seller keeps the option deposit or would I get the option deposit back at closing?? Apologies if this is a stupid question. :)
The SELLER, in consideration...
I have been looking to find a good multifamily but was having no luck. Then just thought I should look for HUD if I am going for single fams. I found this HUD property which is listed at $65k and it was sold in 2008 f...
My wife and I are looking to lend flipper friends money so they can close on two wholesale homes. The term is 1 to 2 weeks. What interest rate should we charge for this short term loan? If they state that it will t...
Hey BP Private and Hard Money Lenders
I’m curious what penalties you typically include or consider including when lending to flippers/rehabbers on shorter term loans, and what you might charge when applying the penal...
For anyone new in Real Estate, cost segregation is something to look into. What is cost segregation? A cost segregation study allows building owners to accelerate depreciation deductions that are, typically, taken ove...
Hello have a 1031 exchange question. Have a house i want to sell and have identified a property I want to buy. Is there a way to get the property under contract first and then sell the house for the 1031 exchange or d...
I have been trying to negotiate a deal for a duplex. Both sides are currently rented out. I was told by the realtor for the seller the following:"Inside showings will only be allowed with an accepted offer using the ...