Andrew Nesbitt
Hard Money loan questions for my first flip
What are the typical terms for Hard money? I want to get an idea of what the current interest rate is, points, how much I need to put into the deal and how the disbursements work for the rehab. Are there upfront...
Account Closed
Realistically obtaining HML
Background: I am a new investor from Tampa, Florida (I just moved here 2 months ago to pursue REI endeavors) anxiously preparing to begin the process of sourcing + purchasing a home for a rehab + sell.
While...
Rich Hupper
Probate Deal Finding Strat
Hi BPI finally have a system for finding probate deals. There is a website in Massachusetts that allows you to search the probate case files. What I do is the following1) search for all cases open 2) google the decede...
Mary Ciccarelli
QuickBooks - Accounting
My team and I recently created an LLC and are in the process of securing 2 deals that will be owned 50% by our LLC and 50% my our partners’ LLC. How should we go about recording data in QuickBooks. Do we both record 5...
Carlos Flores
Obama wants to convert HUD/VA homes to rentals
Obama administration's proposal to sell tens of thousands of foreclosed properties owned by government-backed entities and then convert them to rentals gets mixed reviews.
http://online.wsj.com/article/SB100014240531...
Chris Shepard
Portfolio Loan Experience
Hi all,
My business partner and I have exhausted our Freddie/Fannie loan capabilities. We both have 10 mortgages in our name. Mainly our portfolio consists of small multifamily properties and we have 30y fixed fina...
John Roberts
Do all Private Lenders require you to be an LLC
I recently spoke with Kiavi about getting a loan and they told me that they only loan to LLC's. Is this the case with all lenders? Any recommendations?Thanks.
Jason Williams
First Rental, Need Help W/ Prospective Tenants!
We listed our property and have starting screening tenants. This is our first rental (actually our home being put up for rent), and are a bit nervous to ensure we select the right individuals. We had a great response ...
Hannah Joy
Success stores for inspiration please!
Hey I'd love to hear a synapsis on a pre-foreclosure or foreclosure that worked out! What were the numbers, how did the deal come about, what came up that was unexpected, and what was the payout? Looking for inspirati...
Steven Hume
Cost Segregation Discussion
Hello all,I am currently looking to network with commercial real estate investors in the Houston, Tx area. I want to hear opinions on cost segregation and advantages/disadvantages of the process. I enjoy having these ...