Nicholas Morgan
Using SDIRA for BRRRR...proper deal structure? Resources?
Hello everyone!I am meeting with a friend this week who may be interested in lending me money for a BRRRR deal thru his SDIRA. Does anyone have any advice on how to properly structure this deal? Any recommendations on...
Shadman Uddin
Feedback on Real Estate Financing Startup Idea
Hey y'all, I'm a tech investor currently evaluating a startup idea centered around that’s offering simple 10% loans against signed rent agreements (i.e. if you have $2K/mo rent, you can get paid $22K up-front, instead...
Pablo Ramirez
BRRRR'ing with a Hard Money Lender - Only Lend to Entities
Hi all,In my recent HML shopping, only one is willing to lend to an Individual while the others require an Entity. As this is my first BRRRR, I'd like to cash-out refi with a conventional Fannie/Freddie lender after s...
Michael Reyes
Borrowing Private Money - Family & Friends
Good Morning BP Community,I'm looking for your experience and/or advice on borrowing money from family & friends. Although I don't have an opportunity to make an offer, I want to get money sourced ahead of when I...
Brett Deas
Creative Seller financing legal structures?
I am acquiring a property in WA and the breakdown is pretty simple 200,000 Down-150,000-200,000 Seller Finance-700,000 Mortgage. We have 2 good lending options but as money of you probably know, they want to be the fi...
Kaaren Hall
Changes in the SDIRA and Solo 401(k) World
Over the past five years, significant changes have occurred in the realm of self-directed IRAs (SDIRAs) and Solo 401(k) accounts, particularly following the introduction of the SECURE Act 2.0 in 2022. Consequently, he...
Donald Hendricks
Explain mortgage math to me
How is that the lender says you can cash out refi at 70% LTV on a $120,000 house with an $11,206 balance due on the original loan, plus $1793.79 in fees equals a cash payout of $48,999.79. The math doesn't work in ...
Ian Kisbert
Structuring Private Money
When using friend's or family's money, how is this typically structured? If the money will be used for a down payment and/or rehab costs, is a simple agreement used which lists terms, interest, amount, etc? If it is...
Tanner Johnson
Cash out refinancing
I am going to keep it simple. I am 21 years old own 2 houses outright that I have full equity in worth about $400,000 together with no loans against either of them as well as another house with a mortgage on it. They ...
Caleb Vance
Private Loan Questions
Hello BP,I recently found someone that is willing to loan on my first BRRRR deal. It's both our first time, me using private money and him lending. To keep it simple, let's just say I am asking for 100k loan (purchase...