Beau Alesi
PM Lender Vs. Mortgage
Was watching and reading about BRRRR strategy. When you use a private money lender as opposed to getting a mortgage from a bank what different about using a private money lender as opposed to a bank? Thank you.
Brynnen Beierle
Hard/Private Money Loans
Hey everyone! I did my first deal with my own money in cash, but to scale up I obviously can't continue to do that! 90% of the homes I'm interested in are one's I'd use the BRRR method for (sometimes a fix and flip, b...
Arouna Koroma
Advice Needed To Present ROI to Private Investor
Hello - I'm a real estate broker and investor with 27+ yrs in the industry however it's my first week as a BP Pro account user ;-) I have a private investor interested in a 5 unit building I have under contract. The ...
Roselin G.
Seasoning requirements/personal loan
Hello investors!
I have a property that I will be privately funding and then planning to cash out refi.
With the changes to seasoning requirements by fannie mae, I’m wondering how this affects this process.
Any wi...
Austin Shuster
Can't find a private lender
I'm trying to get a deal done but I need a private lender, does anybody know where to find one?
Kashana R.
Private Money - What's considered a good deal these days?
Hey BP...I have noticed a few private lenders in my area offering minimum loan amounts, for example $80,000 min loan amount. They all require a down payment of at least 20% - with points of course. Just wondering w...
Cameron Dewell
Questions - FHA Loan
I have been looking for 3-4 unit apartments where I currently live. I plan on using an FHA loan and occupying the property for at least the first year until I decide what market I want to move to for investing in real...
Benjamin Cowles
How do you determine when you'll be able to refinance?
If you get something with owner finance or lease option how do you know when you'll be able to refinance? Is it usually a matter of your overall debt to income ratio and it's length of history? Or is it just the incom...
Caleb Haynes
Wait for high interest rates to buy if you have private equity?
Howdy all,With interest rates so low and housing prices currently high for many reasons, i am considering on waiting for the interest rates to come up to about 5% to 8% to buy a home. I would do this because i have a ...
Josh Stewart
How to guarantee returns for private lender
Hey BP!
I've been learning as much as I can before doing my first deal and I'm exploring the possibility of utilizing a private lender. I have a few friends and relatives in mind that I'd like to present this opport...