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I’ve heard that hard money lenders won’t loan on 100% of the purchase price. But I’ve also seen some posts and have heard on podcasts where the borrower was able to purchase properties using hard money without using ...
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I'm not looking for step by step but wanting to make sure my processing is correct.
I'm a realtor and have found a property I believe has potential for a great flip.
With absolutely nothing to offer money wise I wou...
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Hey guys I would like to understand something Purchase price: $270KReno: 70KARV: 420K My lender fund 75% from ARV which is 315K , it covers the purchase price also he covers 100% or rehab , I need explanation about t...
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im trying to understand how hard money lending works. at first i though if you find a lender and he wants 10% you would pay him his money and 10% when you reach the 3 month or 6 month term you set up. But If I'm payin...
Hey BP,My wife and I are self-employed and have a nice savings but because of our taxes (we expense A LOT of things) we're having trouble with conventional loans so we started looking at Private Money Lenders. We're l...
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Today (5/4/2020) our tenant called to inform us that he will be vacating the unit and leave his roommate to assume responsibility of paying rent. The tenant was on a month-to-month lease (only orally recorded), of whi...
Hey Everyone,I am new to investing, having only done some extensive research, yet haven't yet made the jump. My goal was to know enough to invest within a year. Listening to the podcasts, and reading the forums and bo...
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Hello Everyone! Im a newbie looking to get into the world of real estate investing. I currently live in RI. The house prices seem a little too high for my comfortability to begin I mean I don't mind because I know how...
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We all know that with real estate we create wealth. But, what happens when you get that money? Before you can be a millionaire on the outside, you must be one on the inside. But how? The best book I've found on it is....
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Hey guys,
I'm having a hard time understanding something. Let's say you do a brrrr deal and the ARV of the property comes back less than expected. You've gone to a bank that tells you they'll let you cash out at 75% ...