Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (2466)
Chuck Redman LOC with CD
13 March 2013 | 2 replies

I am looking to build a relationship with a small local bank in my area and am wondering if this would be beneficial?

I take $50k and put it into a CD and open a line of credit against it.
Do you think that would hel...

Guillam Landrum Getting Paid for a Third-Party Guarantee
17 February 2021 | 2 replies

I'm wondering if it's legal to compensate someone in return for their acting as a third-party guarantor on a home loan.  I've heard about such arrangements with corporations and commercial real estate deals, but third...

William Hinsche What are the exit strategies for a private money lender if you cannot refinance?
29 April 2023 | 1 reply

What are the exit strategies for a private money lender if you cannot refinance the property using traditional bank financing during a down market?

Srikanth Patnam Assigning the contract to End Buyer.
13 October 2015 | 2 replies

Hello BP members,I need an advice. I am trying to wholesale a deal. I am assigning the contract and my end buyer wants to purchase the contract through Bank. He is not a cash buyer. He has pre-approval from his lender...

David Cheng What do you qualify as a proof of funds?
4 November 2024 | 34 replies

Currently have a listed 4-plex for sale, 100% occupied. As a screening tool, I ask for proof of funds before we bother a tenant and show the property. To me, any liquidity qualifies: bank letters, bank statements, sto...

Daniel E. NPL Advice - Owner wants to stay but major delinquent taxes
23 August 2018 | 7 replies

Have a small property with a $95k ARV. Purchased the note for $15k. There are approximately $10k in delinquent taxes. Property will need ~$15k in work to achieve the ARV.Owner really wants to stay and can (with a BIG ...

Kyle Plants Mortgage limit questions
26 August 2018 | 2 replies

I’ve heard that the federal government has set a limit of 10 mortagages per person. My question is on loophole in that limit. If someone is married would the husband be able to get 10 in his name, 10 in the spouses na...

Tariq Hakeem Colorado hmeowners acumulated an averge of $32,000 in home equity
31 March 2021 | 0 replies

For homeowners in Colorado and across the country, 2020 was a year of enrichment unrivaled since 2013, when the nation was bouncing back from the housing crash.
U.S. homeowners gained $1.5 trillion in home equity las...

Doug McLeod Commercial loan first-timer (6 SFR package deal) - a little help?
6 February 2015 | 2 replies

I just got pre-qualified for a  large commercial loan to acquire a package of 6 SFRs. (I have 7 SFRs now, 6 of them acquired in the last 14 months using a mix of conventional, hard-money, and cash - with all now under...

Alex Bishop Best practice to structure seller finance deals?
30 May 2022 | 4 replies

Hello everyone! I have been talking to a local landlord about seller financing me one of his rentals and he seems very interested. I’m just not quite sure the actual process to get the deal done. Should I just have an...