Jonathan Chan
Thinking of becoming a private money lender? Vet your borrower properly!!
If you're interested in adding real estate lends as another tool in your toolbox, these are the steps I've learned you should take to vet your borrower before looking at any of their opportunities!
Background checkCr...
Tyler Gerhold
House Hacking in a Hot Market
Hello, I am currently looking for a 4-unit house hack in a hot market (Dayton, OH). These 4-units come on the market and are gone in a day. NONE of the 4-units posted in the past couple months will accept FHA financin...
KJ D'Costa
Refi's - how long to wait?
I'm contemplating a buy, rehab and hold strategy for multifamilies (2-4), using private or hard money for purchase, cash for reno, then refi-ing and repeating the process. But I'm read several different rules about wh...
Francisco Avancena
Hard or Private Money Lender for Land Flips
Hello BP!
As a new real estate investor, I have been exploring each strategy real estate has to offer. The first thing that I explored was doing the BRRRR strategy. However, I didn't continue this since I couldn't fi...
Luke Crouterfield
How do I start with 220K?
Hello,
I'm looking to purchase my first rental. I have 220K to do it. Of course I could purchase a flipper with this cash and start from there. However, I'm not sure this is the best strategy to eventually be able t...
Edwin Epperson
PRIVATE LOAN - Memphis TN
Investment Info:
Single-family residence private money loan investment in Memphis.
Purchase price: $125,000
Sale price: $125,000
This is a private loan I provided to a family who owned two townhouses...
Jonathan Bonck
How to Give away Equity/Depreciation to Private Investor
Hey BP!I am wondering how you give Depreciation and Equity away in a Deal. I have a Private Lender who will lend enough for Purchase Price and Rehab of a SFH. The situation is that I will be able to keep all the Cash ...
Zane Belden
Buying at 70-80% Appraised Value and No Money Down
Hey all,I'm always reading about investors buying properties at 70-80% of appraised value and being able to get the bank to loan the entire purchase price since there's 20-30% equity immediately upon closing.From my e...
Alyssa McEwan
How do you set up your deals with HML or Private Lenders?
Hi guys!!I am a buy and hold investor in Montana and Salt Lake Area. I am looking to take on my first flip now that I am piecing my team, systems and processing together. I am looking for some advice from more experie...
Derek Mizysak
What's the next move?
Hello everyone, new to BP and am looking for some guidance. I've owned a duplex in West Allis since 2009 and just moved out and placed a tenant in both units. Property currently cashflows pretty well but now I am wond...