Harsh Dangaria
tax question on refi
Hi BP family.
Quick question:
Lets say, I paid $100K cash for a property purchased under a LLC. Few months later I refi'ed the property at a slightly higher amount and the bank paid the llc back $120K.
If I use the...
Bienes Raices
cash or money order for move in
I have been taking money orders for the first month's rent and the SD, but now I have heard that someone can give you a money order and then go to the issuer immediately and (fraudulently) claim it was lost to void...
Ryan Keeslar
Looking for hard money quick
I have heard good and bad things about hard money. I have 3 townhomes locked up for 100k. I should get approved for a personal loan for this amount but I usually end up paying for multiple loans ... meaning fees. Any ...
Gail Greenberg
Can I take out a hard money loan for purchase and use IRA for renovation money?
Hi All,I just put a house under contract that I'm going to flip. My partner and I plan to get a hard money loan for the purchase and then use my self-directed IRA for the renovation funds. My IRA is a "checkbook" IRA ...
Cris Mullen
Buying with investors, splitting profits
Looking for some input on how to break down the profits. Let me propose a few scenarios: First three buy and hold rentals.1. Person A finds the property and negotiates the deal, manages the property. Puts in 50% of do...
Omosanya "OJ" Cole
Why is it so hard to get MONEY????
Hey BP community! Hope all is well. I am in need of some help from anybody who would listen. I need funding for some deals. I found that when I have all the tools that I need in my toolbox and it is time to make my of...
Logan French
Using OPM (Friends and Family) for a Down Payment and/or Rehab
Hello!I am getting started in RE investing, specifically looking at multifamily properties. I am currently exploring my loan options and I am being told that money from friends and family, or "gift funds", cannot be u...
Justin R.
SDIRA and Investing in Partnerships you have Equity In
Leaning on the BP Community once again ... this time for an SDIRA question about structuring projects to fund with SDIRA funds.I am working on a development project with a partner that is borrowing money from private ...
Luke Davis
How much of my own money do I need to put down for wholesaling?
Hello BP, I was wondering how much of my own money I would need to put down to put a property under contract with a wholesale deal?Can you put a property under contract with no money down and then assign it to a cash ...
Bryan Watson
Do I find funding or the deal first?
Hello all,I am new to real estate but I found three properties on the MLS over the weekend that I believe would be great for rehabbing; however, I have never done a rehab before. I am not sure what to do next. Should...