Hello BP!Can someone please explain to me IN DETAIL how Hard Money loans work? I understand that they look at the ARV of a property and then lend you x% of that (usually 70%), but what are the actual steps of getting ...
Hi everyone,I am looking for Mortgage brokers that work with VA and FHA Loans and have underwriters experienced in Military/ Department of Defense Pay. I am a reservist and work both jobs full time and am having a har...
I'm trying to pull money together to purchase a fixer upper. This will be my first home purchase. I'm going to be a little short on this foreclosure so I was considering a hard money lender. I don't know what lenders ...
I have my first potential deal from a direct mail campaign. It's a multi-purpose building with three 1 bedroom apartments and a barbershop. It's an off market deal and the property seems to have a lot of "value add" i...
Hello BP Fam,Most DSCR lenders I've spoken to have a penalty for selling a property within the first 5 years of purchasing the property. Does anybody know of a lender that has DSCR loans that do not have this penalty...
Does anyone know if HELOC loans have to follow the same federal guidelines as traditional mortgages? Example - like income restrictions, debt to income, and various other restrictions. I would love to get a loan to pu...
I have property that i had completed brrr on. My questions is, does anyone know how to skip the 6 months seasoning period? Thanks!
I have 2 questions but will post 2 threads.. first question.. how many mortgages will banks give to 1 person? I read somewhere that 10 was the magic number and then you have to move over to a lender who does portfolio...
Hello everyone, new to the discussion board and to investing real estate in general. Just trying to soak in as much as I can and read up on what ever I can. This might be a bizarre question and frankly not even make...
Hello BP, Now that I'm in The Big Apple, my girlfriend and I are looking to get into REI and build our future here. As a professional trader, I am expecting to have a pretty good salary, so most of the REI business...