Keegan Schaub
20% DSCR or private lending help
Hi, I have an offer on a property that is $700k, projecting 15% COC $2-3k/mo cashflow (conservatively). Strategy STR.Problem is I don’t qualify for conventional lending due to my DTI ratio and current DSCR quotes are ...
Rino I.
Closing costs.. seems high
Hello BP.. my first post... im in the process of purchasing a rental property.. waiting for my counter offer to be accepted. I had to take out a non owner occupied loan.. the property was 250k putting down 25% with a ...
Sky Lin
Cash out refinance shopping -state of AZ
Hello!
Thank you for such a great community and active forum!
I have gotten an offer from a lender on a Cash out refinance. I am fairly new to this and this is my first Cash out refinance. It would be a residential ...
Virginia VanOeveren
As a PML, you should....
To start as a private money lender, educate yourself on real estate investing and lending practices, define clear loan criteria, and conduct thorough due diligence on borrowers and properties. Draft precise agreements...
Nicholas Halterman
Separated Veteran looking to start a real estate investing journey
Hi everyone, my name is Nick. I recently separated from the National Guard after 6 years of service. I was deployed and obtained my VA benefits. I'm looking to get started in real estate investing. My first move would...
Scott Riddile
Private Mortgage Lending to Owner Occupiers
Is it prudent for a private investor to lend mortgage funds to an owner occupied borrower?
Jennifer Turner
How to modify terms of a seller-financed mortgage?
Has anyone ever sold a property with seller financing then later extended the repayment period or modified the terms of the loan with the buyers? Or even refinanced it to them?I’ve been searching for a form or contrac...
Christopher Lane
Military benefits for investing?
Here’s a strategy that I haven’t seen many (if anyone) talk about and I’m curious to see how the BP family would do it. Below are the benefits (I know of) that I can use:Please let me know if I’m missing anything. 4% ...
Greg R.
Question about timing w/ a VA cash out & conventional refi
Hello all,I am currently working on a VA cash out (100%). Unfortunately, I got a really bad appraisal, probably about 15% low. I was considering going with another bank and trying my luck on another appraisal. However...
Ivan Jouikov
Does Sub2 hurt the seller if they want to buy another house?
I'm learning more and more about sub2s.
Since the mortgage remains in the seller's name, would the seller have difficulty getting another one? Considering the "seller's job relocating" - the seller would probably wa...