Kevin Demerath
Is buying points worth it in my scenario?
My business partner and I had an offer accepted on a duplex. The price we paid is $169,900. When looking at loans we've found one at 4.25% and that required 20% down. We found another at 4.75%-5.25% based on our credi...
Cindy Nevarez
Deeds of Trust
Does anyone here loan Deeds of Trust?
Pros?
Cons?
Thoughts?
Brennen McConnell
Is it normal for hard money lenders to charge points up front?
I am talking to a few different hard money lenders to close on some properties that we will be doing a BRRRR on, and one of them is offering very attractive terms with 100% financing of both the purchase price and reh...
Edwin C. Natal
Newbie with questions on a FHA loan for flipping
can I still use a FHA to purchase a property to flip or will I be obligated to live in the property for at least a year because of the FHA loan. Newbie here so please go easy on me even if this seems like a stupid que...
Eric Bender
Foreclosure Due diligence
Hey everyone, Looking to buy a foreclosed condo in my area. Of course I am unable to access the home or get a home inspection. What due dilligence is available to me and Is there a standard % or amount people set asi...
Christina Meletis
How do I get money for down payments?
I'm in the process of finalizing a HELOC on my home that I am going to use for down payments and rehabs and holding costs on a BRRRR with the idea of refinancing and pulling my money back out of the deal. I have some ...
Mary Jay
Math of 100K Covid withdraval
Hey guys,
I have been trying to figure out if its more beneficial to take out the 100K from my 401K our not.
Can you please help me with that?
1) Lets say I do not take out and keep it in 401K. Then: 100K at 6% int...
Jay Yoo
Structuring partnership for STR
BP members. Hope all is wellI run a few STR properties and performing great for all properties. Generating 20% return on cash on cash because I manage myself remotely. so other friends, potential investors want to inv...
Ryan Dossey
Comical new wave of wholesalers
I'm not one to dog wholesalers. It's how I got started.For me wholesaling is: Marketing to off-market owners, analyzing a property, negotiating with the seller, and having the deal "funded" before even going under con...
Archie Chambers
Financing for BRRRRs
Hi everyone, my name is Archie. Im new to REI and I have many questions and super excited to begin this new journey. I was looking for advice on how to fund a property using the BRRRR method? I have 40k in a 401k. To ...