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I had a few questions on HML-1) Knowing I will most likely be buying a foreclosure that requires cash to purchase- Am I right in thinking I should qualify/Pre-approve with a HML first before finding a property? Or is ...
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Hi guys,
I'm in contact on a rehab deal and I'm contemplating if I should go with hard money or rather with an equity partner.
The basics of the deal is
100k purchase price.
25k rehab.
180 ARV.
This should be a...
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ARV - $40,000
My Maximum Allowable Offer (MAO) - $21,500
Montly Rent $550
Operating Expenses $275
20% down on private financing of MAO purchase price = $4300
Monthly Private Financing Payment 8% interest = $12...
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I've found a couple of MH on lots, one on an acre. Both are early 2000s models in good shape, ready to rent with no rehab. I'm having trouble with finding financing. The owner is not willing to do OF. The other is a f...
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If you have a niche market idea (i think mine will probably cost more than standard rehabs) would you focus solely on this, knowing your business might grow slower than if you didn't have a niche- or should I just try...
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Hello,Do more seasoned investors use Private Money to "fund" their deals after a purchase? Or, Refi their money back out after the deal has been closed in cash?Seems doable and easier than paying a large private mone...
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Hello,I am looking for help with forming an operating agreement with a money partner. Can anyone help me understand what I should be looking for here, what kind of clauses there should be that are different from a sta...
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Hello, Bigger PocketersI'm ironing out some of the remaining logistics before I start submitting offers to acquire my first property. I'm trying to understand some things about hard money lenders, as I plan to begin w...
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