Hi everybody! I have been wondering if any of you have ever used a credit card to purchase a SFR free and clear. If so, how would you generally go about quickly paying off the balance of the credit card? HELOC, a Home...

I'll get this right out of the way up front, note newbie (i.e. 1 note). I am looking at a second that has an unpaid balance of approximately 30K. The first is foreclosing on the borrower, the court date is set and the...

Hi everyone!I’m new to REI and eager to start out. I want to do fix & flips to begin building capital for a rental portfolio. I’ve been talking to hard money lenders and as a beginner I must give a 20% down paymen...

Just now signed the closing docs and the funding has to happen on Monday. I want it to close on Tuesday or Wednesday though. Is it possible for me to hold the funding on Monday instead do it on Tuesday? OR if we fund ...

Hello everyone, I wanted to summarize an issue I'm facing with my contractor and get feedback from the community here about how you would recommend I proceed. Here is a summary of the situation:In December, 2015 I pur...

I am moving from selling my spec homes to keeping them. I am ready to lease the first one, but am struggling with the first month's rent. Let's say rent is $1000/month due on first and security deposit is $1000. Lease...

Hi: I'm hoping someone here has an answer. I funded a loan in California secured by a 2nd DOT at $399k behind a $633k first @2.85% 30 year fixed- three years into its term. The value of the property today is north of ...

Hello BP,I have a question, is there any difference or benefit in making an extra mortgage payment monthly ($1,000) or just paying a large payment equivalent to 12 months ($12,000) at the end of the year? These are pa...

Hello,I own one non-performing note. Chapter 11 plan was approved in early 2020. Do I need to report this income? Will I owe taxes?UPB: $50kLegal: $85k2020 Pmts: $15k*LLC costs related to note (force-placed insurance,...

Does anyone have advice on whether the following scenario is feasible and/or how to make it possible.My 18 year old is working part time and soon starting college. I want to buy him a home (1-4 unit) which would be hi...