Matt Greer
what do you consider to be good rate from a lender?
I'm new to REI and one of the things that bothers me is not knowing if I'm getting a good deal from a lender. Starting out I kind of feel like beggars can't be choosers, but at the same time I'm not here to get taken ...
Amos Raymond
Gimme the Loot - What about Hard Money or Line of Credit funding?
My partner and I are new REI's since 2018 who have employed the principles of the BRRRR method commanding 5 doors valued about $750k plus one door with projected ARV of about $250k by '23Q1 and one other door bought i...
Aubrey Ford
Are these normal numbers on a loan disclosure?
Trying to do my first deal and I just recieved a loan disclosure that breaks my deal. With a 714 FICO, 20% down on a $65k purchase they are quoting a rate of 8.5% , adding 4.5 loan points, and a total of $8,825 in ...
Reggie Nworie
The Appraiser Undervalued My Property. What Can I Do About it?
Appraisal Risks – Part 1 of 2: The Appraiser Undervalued My Property. What Can I Do About it?
This is part 1 of a 2-part series on appraisal risks. In Part 1, we discuss what to do if an appraiser undervalues your p...
Juan C Alzate
Trusty Mortgage Brokers in NY
Currently shopping around for a convention loan for first home to house hack. Dealing with a mortgage broker and have reached out to my credit union, but looking for suggestions of trusty brokers that the community ha...
Account Closed
General thoughts on barndominiums? Can they be a successful investment?
Hello,I hope everyone is having a great day!As the title states, I am curious to hear more experienced investor’s thoughts and opinions on barndos?They are popping up everywhere in rural Texas and I’d like to know if ...
John ONeill
Private Money Loans vs. Hard Money Loans: Key Differences and When to Use Each
Compare and contrast private money loans and hard money loans.Discuss scenarios where each type of loan is most beneficial.Please share experiences and preferences.
Anthony Bonafide
New Construction Build Appraisal Low
I am looking to start my real estate investment career by moving into a new home and renting my current home. However, I have run into an interesting situation with a new construction builder builder at the final stag...
Qiong L.
Lessons from refi after all cash purchase?
Hi BP community. What are your thoughts about doing a cash out refinance after making an all cash offer? Has anyone tried this? All cash offers would certainly increase leverage during the purchase process, but wonder...
Account Closed
VA Home Buyer - HOT HOUSING MARKET Rochester, NY
Since last year, I was pre-qualified but lost out on offers for two homes, each with over 20 offers. In one instance, I offered $125,000 over the asking price and still lost. Rochester, NY, has become one of the hotte...