I currently got 2 townhouses “right next to each other” under contract, each unit @ 38K (current market value for each @ 75K). They are currently renting for $800 a month each, tenants have been there for 6yrs in one ...

First time posting here. Currently under contract with my my first rental property. My partner and I live in NYC and the properties are located in upstate NY, about 5 hours away. Every bank we have applied through has...

I know I am new to this business, but I've been searching for a private money lender in my area. I saw someone posted on Craigslist they were looking to invest. I just wanted to ask what questions should I ask them/wh...

I see a lot of posts about finding PML's but I am looking for information about becoming a PML. I would prefer to actually know or at least meet the borrower. Is that a thing? Where can I go to learn what type of retu...

I was in the process of lending my father in law some money so he could buy a new house (basically loaning him money until he sold his current house). I was going to put a lien on the existing house as is usual. He sp...

I'm a new member and am shocked by the amount of support the members of BP provide one another. I'm proud to be a new member and hope to give back one day!I have a business that provides a decent passive income but I ...

Lets supposed I owned 5 Properties (3 duplexes and 2 SFH)  with 325K market value and purchased them with private money with 10 year repayment period.The properties would be owned by an LLC for 1 year and showed a po...

Hi all! Question for the BP community.

Say i'm purchasing a small multi-family investment property for $1,000,000. I'm putting a downpayment @ 20% using a HELOC. Im funding the remaining $800,000 using a private mo...

I am currently under contract for a 5 unit multi-family. It's in a small mid-western town near Cincinnati where rents are good and increasing due to housing shortage. The small town also has a weekend/seasonal draw fo...

Super Jumbo mortgage loans and lenders can vary widely in their rates and qualifications. One observation in working with higher loan amount borrowers and lenders recently is that rates can often be LOWER than convent...