Hi everyone, I have been looking to establish relationships with money lenders. I am wondering if the terms sent to me by a private money lender are normal? I am copying and pasting them to this post to see if I can p...
I would ideally like to find a MHP and owner finance the deal directly with seller. In case I locate one that is listed, are there any workarounds to owner finance a listed MHP? Some kind of finders fee or monthly per...
Hi Everyone...
I am looking at using a Hard Money Lender.
What kind of questions should be asked to make sure I am using the right one? Thanks for your imputs!
Just curious as to how much you guys are keeping in your emergency fund per door, unit, etc... for cap-ex, vacancies, repairs...?
I've been putting away a certain percentage ea month, but at what point can I skim the...
I have an investor who has offered to give me 15% of net profit after a deal closes if I fund the purchase.What would my tax implications be if say I funded a $20,000 purchase and the sell ended up netting him $10,000...
I'm still a little fuzzy on the details of how an investor might be paid. I hear lots of talk on here and in the podcasts about getting investors X% return on their money but what does that really mean? Is it the perc...
Hello Everyone, What is the standard practice for applying (or not) both of the following in the first month of a new tenant placement: 1) the monthly property management fee; and 2) the leasing fee (1/2 of the monthl...
I am currently researching different marketing strategies in generating leads for wholesaling, and utilizing some of my current relationships with realtors seems like a great place to start since it doesn't require an...
Hey BP nation, I have a question and could use some advice. I am an architect, designer and project manager with over 25 years in the business. I have owned rental property, flipped a few house in NJ. I am now current...
We generally buy borrower occupied NPLs and attempt a workout with the borrower. I have an opportunity to buy some HECM loans on vacant properties. These are reverse mortgages where the borrower has passed away. Does ...