Dave Halevi
Interest only deal
Hello everyone, thank you for all Your help here!I have a seller financing deal with the following terms:pp 100K, Down 20K, 5Y balloon, 5.99%, Amor 30Y.1. The seller wants an interest only payments for the next 5 year...
Joseph Liechty
Using HELOC to pay off mortgage
Hello,Does anyone have experience using a HELOC to pay down a mortgage? I recently heard about this strategy and I'm intrigued. I don't understand how this is more beneficial than just paying more towards the princi...
Joshua Hollandsworth
Using HELOC to buy more prooerty
Talk to me like I'm 5. When purchasing a new rental property, can I pull A HELOC to put a down payment on another rental property? What are the Pros/Cons/Challenges I will face? Thanks!
Ben Bakhshi
How to protect assets in a recourse loan? Or is non-recourse best
We are deciding between several loan options in the ~75% LTV range.Non-recourse options are ~1% APR higher than full recourse.We are also leaning towards fully amortized 30 year options, as opposed to their 5 and 10 y...
Linda Roberts
Early Move-Out and Key Return Process. When the Lease Ends?
My current tenants have a lease until August 31, but they plan to move out and return the keys by August 15. I don’t plan to reimburse them for moving out earlier. The new tenants, starting their lease on September 1,...
Dennis O'Loughlin
Best thing to do with money
We have found a creative way to access some equity to make our equity work harder for us so it's almost like the beginning of a BRRR strategy. However...it's not quite. There are several options and we'd like to tho...
Joseph Quarto
Better to do a Refi or a LOC?
Hi,This question just came up. On a building we have with lots of Equity (balance mortgage is $56k)I am looking to free up some cash ($250-300k) for a future 2016 purchase, but wanting to get all approved now. Shoul...
Dakota Mivshek
Hard Money Lending - Current Opportunity, need advice
Hi There, Without getting into a ton of details, my dad (a realtor in Colorado) has an opportunity to buy some condo's that are currently being constructed at 50% expected market value. It is an exclusive opportunity ...
Cooper B.
Clarification on Right of Redemption in Alabama
I'm hoping someone can help provide some clarity to me regarding the right of redemption law in Alabama.Say a property is foreclosed and sold back to the bank on the courthouse steps. The bank turns around and sells ...
Katlynn Teague
What is the best advice to give someone who wants to start flipping?
Good morning BP!What is the best advice to give someone who wants to start flipping?Taking the first step to getting over the hurdle into real estate investing can be scary for new people. If you had to give someone a...