Andy Bauman
Documentation system (receipts, documents)
I've been running a wholesaling business on the side for about a year now and have been very busy buying and selling. That's the good news, the bad news that this is starting to expose my need for improved processes....
Kevin Muns
Percentage of my wealth in first purchase.
I have been researching and looking, and am finally feeling comfortable enough to pull the trigger on some properties. I have about 200K in wealth to my name. How much would you suggest investing in my first 2 units? ...
Chad Friesen
Meeting with broker
I have an appointment with our mortgage broker this Wednesday. We have used her before for both our houses . I made the appointment and asked to go over strategies to buy more properties without backing myself into a...
Donna Hutchinson
Vetting a Private Money Lender
I am in the process of vetting a private money lender and I want to make sure that it's not a situation that sounds too good to be true. So I need help with the following:
1. Is a down payment typically required?
...
Emmanuel Ola
Urgent Advice Needed: Choosing the Best DSCR Loan Option Before Closing
Hello,
I am in the process of purchasing a property for $160k and plan to put 30% down with a DSCR loan over 30 years. My goal is to pay off the loan within 5 to 10 years.
I’ve spoken with a broker and received the ...
Jenna Schulze
Investing in College
Hi! I am starting to get involved with real estate investing, but I am only a college student, so I do not have the income to place a 20% down payment for most properties. Are there any options for lower down payment ...
Eric Healy
Why are morgage rates up?
Can someone explain why morgage rates are increasing despite the Fed drop to 0%?
David G Vreeland
Collateralize Stock Investments to Fund Real Estate Purchases
I'm curious if anyone has used their stock portfolio as collateral for hard money loans or leveraged their stocks in some other way to fund property purchases. I am also familiar with using 401k to fund business fina...
Maggie Thompson
Purchasing 2nd home, apply for heloc or use cash for downpayment
I am a newbie with BP, so apologies in advance for my questions. I've searched around, but need some guidance for my specific situation. Scenario: Looking to buy a primary residence house $360-380K. Rent out a room to...
DJ Porter
Typical rates for private and hard money.
I've been searching for a while now and I've been finding widely varying rates from lenders. I want to get some flips funded but the rates, costs and fees are all over the place.
What is typical? So I know which one...