Mike Hummer
credit rating on a loan modification
I would like to know if your credit rating (score) is lowered or takes a hit if you ask your lender for a loan modification?. or apply for a modification.
I owe $190k with a property value of $75k There is no hardshi...
William Kwong
Need Advice on a JV Deal Structure for Cash Partners
Hey BP!Wanted to run a JV deal structure by you guys. I'm curious of your input and advise per your experiences with JVs. - My partner and I are currently looking for flips and are in the middle of coming up with an a...
Lee Scarlett
HARD MONEY QUESTION
@John Thedford, is it common for HM lenders to finance the purchase of a property but not finance the rehab?
Aaron Barrett
Will banks allow a full owner carried 2nd for no down payment?
There is a commercial property for sale in my area that the owner stated he would be willing to do a second mortgage on. He is asking $255k. If he is willing to do the full 20% so I don’t have to put any money down wi...
Conor Duffin
hard money lending in new york
Hi bp gang!
found an awesome investment opportunity in the new york area. multifamily 3 over 1. It's a little risky because I've been furloughed with the virus, but i was thinking of pulling a hard money loan ( refin...
John Padget
Partnership with Tenant
My 19 year old daughter wants to buy a property and try house hacking, either by long term roommates or Air BNB. She has been saving since she was a little kid has a down payment saved but, I doubt she would qualify f...
Alton Williams
Is the day of buying a property with no skin in the game dead?
I'm a fairly new investor and my father is a bit of a seasoned real estate professional that remembers the days of lenders loaning money to anyone with a pulse (and even some without a pulse). He continues to tell ...
Hai Loc
Partnering with a Contractor
I wanted BPs opinion on partnering with a contractor and if there are any nightmare stories The contractor I know finds the deal, puts it under contract and he can either wholesale it to me or we can partner. I told h...
Felix Torres
Are Hard Money Lenders willing to lend 100% of purchase price
Hi Everyone,Are there hard money lenders willing to lend 100% of the purchase price? If so, can you refer me to any or how the process works?I'm trying to purchase multifamily homes with these hard money loans and eve...
Account Closed
Purchase Money Annuity
Purchase Money AnnuityAsk the seller to take back an annuity for all or part of the purchase price. The annuity lowers their tax burden by spreading the gain over years, and they will earn more money over the long ru...