Evan Wojtkowiak
Refinancing Issues with Recoverable Corporate Advance/RCA Loan
I’ve run into a slight roadblock with my BRRR strategy and need BPs input. I’m currently living in my first property which is a live-in flip and house hack single-family home. I was able to get into the home with litt...
Bryan O.
Advanced Investing with VA Loan - What is the Reality?
This is the actual text regarding the VA Entitlement Restoration:"VA Pamphlet 26-7, RevisedChapter 2: Veteran's Eligibility and EntitlementSection 6. Restoration of Previously Used EntitlementSub b. Special Restoratio...
Account Closed
Ways around the 4 loan rule and advanced financing
After the real estate crash I ended up with 8 properties and 5 mortgages. I could not get any more loans because of the new more strict guidelines. Recently I found a bank, Washington Federal Savings, that holds the...
Mark Hummel
First BP Post - Need help for quick purchase
Hello! First, I realize that I should do some digging on the forums for this topic, but I am pressed for time and need to make some great connections in information, knowledge, and perhaps financing options. Very shor...
Kelvin Duen
First Wholesale property visit and negotiation w motivated seller
I have been doing some direct mail marketing and cold canvasing which resulted in my first solid wholesale lead. After the initial phone call, I can see that the owner is motivated (kept asking if we could close in t...
Mike Hartzog
Extending an Open Ended Loan
Has anyone done an extension on an open ended loan? I am familiar with the concept, but not so much with the nuts and bolts of how to get it done. I believe there needs to be a new note and security instrument. Not...
Adam Delort
What do you look for in markets?
What do you guys look for in a given area when thinking about rental properties? Do you prefer lower income areas where the housing is cheaper? Higher income areas where the sub divisions are more well kept but housin...
Kim Hopkins
Request from Seller for Loan Advance on Seller Financing - Math Help
Hello! Well, this is a brain tickler. So we purchased a retail property at the end of 2022 with seller financing: 5 year term, 30 year amortization, 0% interest. Payments are $2k per month. Three year option to extend...
Nigel Dixon
Is this a good strategy and how could i improve it???
Hi bp, my whole strategy for my real estate investment portfolio was to gobble up as many homes as i could in the next 2 years. These homes would be free and clear ( i already have 8 free and clear now) and producing...
Reid Simonton
Bad info from lender, deal about to fall apart
Hi all,My lender told me a while back that he had a loan program available for 2-4 unit properties that required 20% down. Based on that, my wife and I have spent a great deal of time researching properties, going ou...