Looking for some thoughts on buying a flip using your own cash, versus getting a hard money loan. What do you think are the advantages/disadvantages of both, and which would you likely prefer to use. Personally, I hav...
Hello BP community,
I'm interested to learn what most investors do with the portion of rental income commonly set aside for cap ex, repair, and vacancy costs.
Does it go straight to the bank? Invested in CD's or a ...
BP family, I am a new investor in the Grand Forks North Dakota area and am wondering what type of rates to expect and or offer when looking to gain Private money. Additionally, what are your experiences with finding ...
This has been weighing heavy on my mind — the thought of paying to join a mastermind/community.
What has been your experience? Has it helped you scale? Was it a waste of your money and time? Is it worth it?
I’m thin...
I have a fixer-upper that I own outright. I’m 80% finished on the rehab. I need cash to carry me to the finish line. A cash-out equity loan of $75000 with no pre-payment penalty would be perfect. A hard money lend...
To end the confusion once and for all we need to put a cold hard stop to using the terms of hard money and hard money lenders. Private Money can be lent by individuals and institutions. The hard money industry was the...
Hi BP members,I have been talking with a private investor about investing in my next project. He is wanting me to pay the attorney fees for the contact and documents. I do not have a problem with that at all and I am...
Hello everyone, I am new to Bigger Pockets, so I hope that I am posting in the correct category. I am curious to know if anyone has ever done business with a private lender named Dave Laca. He had contacted me regardi...
I was approached by someone about partnering with them in hard money loans and I love the idea but what are some things I need to look out for and how do I protect my investment?
Cash out refinanced 4 rentals. Goal is to buy more rentals with the money, but I'm not finding any deals yet. How can I calculate the interest amount I'm allowed to deduct on the new loans for the rentals? Are they fu...