Hey everyone! So I’m finding myself unable to wrap my head around a certain aspect of Hard Money Lending as I go through my first deal.I’m currently using an online HML provider, LimaOne, and received “Fix n’ Flip” fu...
I’ve got 3 SFHs and one four plex. I’m tapped out of down payment money so I’m looking over the horizon to figure out how to raise capital from investors but feel a little stuck.I don’t want to give up equity (I don’t...
Hi BP,I'm trying to line up a HELOC on our primary residence in SoCal and running into a wall. We bought in 2018 and end of this month we'll have owned for a year. Since biying we've put a little sweat equity into t...
Hi All! I work very closely with a rehabber in Baltimore City and therefore am often coming across deals that don't quite work as flips but would be slam-dunk rentals. Until now I have passed on this opportunity. Howe...
Investment Info:
Single-family residence private money loan investment.
Purchase price: $70,000
Cash invested: $20,000
This deal came to us word-of-mouth. Once we got past the variety of potent odors...
I have a number of investor clients here in Denver and Colorado Springs worried about coronavirus and their tenants' rent (and therefore worried about their mortgage payments). They're all asking me the same question:...
I was contacted by a guy from Connected Investors. The following in Italic was his first message to me. As a private lender myself, i knew immediately it was too good to be true. But I still played with him till he a...
Client had a federal manufacturing charge and serve time in early 90’s which is keeping him from getting regular financing. Now owns a rather successful chain of pawn shops.Client owns these two properties:River Fores...
Good morning BP. I've been considering using a Thrift Savings Plan (TSP) loan to help finance my next investment. As I've looked into it with some caution (after all, EVERYBODY* says "Max out TSP! Don't touch it!"), t...
I just made my first mortgage payment and am having some serious sticker shock when looking at the interest.why is it almost all interest? I cash flow very well on this, so could definitely afford to pay more towards ...