Ryan Ulrich
Marketing Another Business in Your Airbnb
I have a couple Airbnb's now. My wife also has a home business that we would like to promote to our Airbnb guests. Does anyone have any experience or advice on this? Is it an appropriate thing to do in that setting?
Michael Taylor
Forbearance on Rehab loans During Corona Virus Emergency?
I just acquired a 6-unit building December 31, 2019 on the south side of Chicago, the plan is to rehab and refinance so I have a one year short term loan. I ran into some tenant issues with squatters that has slowed ...
Khizar Hanif
Lets build wealth together
Hey everyone, Khizar Hanif here. I am new to BiggerPockets...actually not so new. I have been lurking around for a while just taking in knowledge but this is my first post. I'd like to introduce myself to the communit...
Joanne Basecki
The importance of "skin in the deal"
I understand the term "skin in the deal" when it comes to a down payment a buyer makes.
I don't understand the same term at the point of sale:
Example: Let's say I paid for a property its entire price of 5K (used no...
Alejandra Macias
Rehabbing entirely on OPM
Is it possible to finance a rehab entirely on OPM (Other People's Money)? I understand I would need skin in the game. Can my skin in the game be a personal loan and the rest from hard money or private money?
Rosy Baeza
Hard Money Loan Downpayment
Hi everyone!Do hard money lenders care where your down payment comes from? I’m trying to figure out how to structure a deal without putting any of my money into the deal. This is for a fix and flip. I found a hard mon...
Jonathan Greene
The Worst Thing You Can Have as a New Real Estate Investor is Thin Skin
If you don't have money, you can earn it. You can get a new job, get a promotion, and learn a new trade. You can make more money over time. That problem can be solved. What can't be solved is having thin skin.And we'v...
Rashawn Stevens
Need Lenders advice (Using equity partners for down payments)
Hey BP, I have been reading through some of the forums and I see some mixed opinions on this subject, Here's the question: If you are trying to get a loan from a Hard Money Lender and you don't have enough money for a...
James Kirby
New property eviction question / advice
Hello Everyone, My wife and I are purchasing our first investment property (4-plex) that has a few minor repairs that are needed. However, due to us not having great funds to start out we need to do a 3.5% FHA lo...
Account Closed
Cash Back at Closing
I have heard that in Canada, banks are not usually comfortable with deals that include cash back at closing.I can not figure out why. In my opinion, the banks should really only care if they are financing more than 80...