DJ Porter
Typical rates for private and hard money.
I've been searching for a while now and I've been finding widely varying rates from lenders. I want to get some flips funded but the rates, costs and fees are all over the place.
What is typical? So I know which one...
Chris Garzino
Commercial Real Estate Questions
Hi BP Community,I am new to commercial real estate with an interest in purchasing either a small strip mall or office building. I have been calling a few properties for sale in my area. I would like to get some advi...
Story Moller
Termites: Deal-killer or not?
Hey guys, This is my first post on BP. I am a new investor in Mississippi and am in the process of the closing my second deal. During the inspection period we discovered termite damage in two of the rooms. My contrac...
Dustin Erlewine
Grinding to find deals that close.
At the beginning of the year I finally decide to do what I should of done 12 years ago and start building a portfolio. I’ve been very hard at it and spent more time and marketing capital than I’d like to admit. I’v...
Bola A.
Bank or mortgage broker?
Hello BP,
With a good credit, Is it better for me to go to the back for financing or through mortgage broker? Thanks.
John Terwilleger
FHA Live In Requirements
How long do you have to live in the property to qualify for an FHA loan? Is it possible to get an FHA loan, live there for a year or so, then refinance and pay off the FHA load an move out?
Tanya Miller
Non-Performing Note Buyers in NYC - Is this a good deal?
The current note holder is a Private Money Lender This is a preforeclosure property. A receiver is in place and collecting rent from all (6) tenants.All (6) are current on their rent payments. Unit 1 - $884.76 Unit ...
Rahul Punj
Thoughts on how to structure a Multifamily partnership deal
Hi BP, I am looking to invest in my first midsize multifamily property in Central Florida area. I would like to bring in some passive partners for the deal and I have a few friends that have shown interest but I am n...
Richard Helppie-Schmieder
Cool story, great deal, big win
Hey yall!Richard here from Dallas (Grapevine). Just want to share a quick story for some encouragement and maybe get the wheels spinning for you on some out of the box real estate thinking. A few years ago I traded ho...
Nathaniel Harris
Need help is it worth spending $1500 a month for 6.5 months
I need help with deciding is it worth spending $1500 a month for 6.5 months on a coaching/partnership deal. Know a little bit about my situation is that I'm just starting in the real estate industry and I'm on limited...