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I am just starting out, so funding is a big challenge. I have a lender offering me a 5/1, 7/1, or 10/1 interest only arm loan.
it does create more cash flow for the first few years which should help with scaling my...
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I made a private Hard Money loan on a single-family property in Birmingham Alabama. Our borrower purchased the property, rehabbed it, and put a section 8 tenant inside. Our borrower defaulted and we took the property ...
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I have made a couple posts on here related to getting started investing and have been answered with some awesome responses and tips as well as guidance. In my searches I seem to keep coming across multi family (4-8 un...
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I asked this in another section, but it may be misplaced since it really is a marketing question:I spoke to a homeowner today who has a small (900sqft) home for sale that needs about 15k-20k in repairs by my quick est...
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My husband and I have been investing in Michigan for several years now. Cities like Detroit are gold mines for investors IF you do your homework and have a reliable and trustworthy advocate right here (a must for lon...
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Happy Friday, BPers!This is my first BP post, which I am compelled to write based on my experience attempting to wholesale with a mentor.The background: I signed an agreement with local (Philly) wholesaler that says w...
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I was having a conversation with my buyer asking if he prefers to run off 70%ARV vs 65%. His response was "I can do 80% LTV with purchase price and repairs compared to LTV."Can someone explain exactly what that means ...
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2020 Update – License requirements for investors?
It is now becoming a vastly acceptable reality that within a few years the ‘wholesaling’ industry like we know it, is going to stop. Why? In a nutshell – the big gove...
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I am preparing to rent my first unit for $2000/month. To ask for first, last month rent, and security deposit of $2000 seems too much ($6000) for people renting a home. I was thinking first month and security. I kn...
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Hello,We just received an application from a family who lived abroad for ~15 years. They are US citizens but not residing in the US for quite a while. They claim because of this absence, there would not be any credit ...