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Here's my situation:
I have been working with a commercial broker for the last two years to find a good MFP, found it, got my offer accepted at 1,365,000.
I have a good relationship with a bank, have th...
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Hi everyone,I was hoping you may be able to get me pointed in the right direction. I recently received a lead from a family friend on a house to buy and flip. The deal looks very attractive. I have discussed this oppo...
Hi all, I was just wondering how you guys vet hard money/private money lenders? Hopefully this does not offend anybody here, but alot of private/hard money lenders I've come across really give off a scammy vibe! How c...
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Hello my fellow BP members
I have been reaching out for a Hard Money Loan, i talked to several so called "lenders" and after speaking to so many its almost like i can predict the enitre conversation from the ...
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Does anyone normally get a property appraisal before buying a rental? If so, and the property has tenants, how would you go about coordinating this? I may be really naive about this, as the only appraisals I've had ...
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Hi all,I am looking to purchase a first property together with my brother in law. Some of the simple financing deal structures that I have read involved something like 100% financing from one (or a group) of partners ...
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I am looking to build a relationship with a small local bank in my area and am wondering if this would be beneficial?
I take $50k and put it into a CD and open a line of credit against it.
Do you think that would hel...
I'm wondering if it's legal to compensate someone in return for their acting as a third-party guarantor on a home loan. I've heard about such arrangements with corporations and commercial real estate deals, but third...
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What are the exit strategies for a private money lender if you cannot refinance the property using traditional bank financing during a down market?
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Hello BP members,I need an advice. I am trying to wholesale a deal. I am assigning the contract and my end buyer wants to purchase the contract through Bank. He is not a cash buyer. He has pre-approval from his lender...