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My neighbors are going through bankruptcy, I think its chapter 13. They have a couple of rental properties that are included in the bankruptcy. They are upside down and will result in an eventual shortsale. What hap...
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Short-term rentals have become a lucrative venture for many property owners, offering a flexible income stream. However, accessing traditional loans can be challenging, especially if personal credit history isn’t favo...
I am considering lending my money out to REIs. What I am trying to figure out are the ROI on this and the mechanics/logistics.I set up an excel spreadhseet to try to do this. The assumptions are:1) It is an amortize...
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Hi Everyone,My name is Ami Soni and I am from the suburbs of Chicago area. I am approaching my first deal and looking for more information on using 401k savings as down payment without the penalty? I believe I've hear...
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Hello, Im looking to ask some friends and family to become silent partners but as a "lender" only in my RE investing. I am currently an active RE agent and looking to get into investing. What approach do I use and how...
Hello guys I am new to wholesaling properties. so I was talking to a fellow real estate investor. he wholesales properties in my area and I asked him about his hard money loan source. he said that he doesn't have any ...
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I have people interested in me building them a home and then seller financing the home to them.I'm open to that but I've just never done any private lending, so I'm unsure about terms and rates.Are loans like these ty...
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Hello,
I have been trying to find a good lender for a relative who needs work done on a 3unit brownstone in Brooklyn, NY. The property is owned free and clear but it needs about $250K ($90K of which is for the facade...
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Realize most of the Chicago BP investors are keeping up with the news but just in case here's a recent announcement made by the Mayor's office working with the major banks in the area to provide relief to landlord mor...
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Hey BP fam,
I have a quick question: Has anyone had experience with a Residential Mortgage Loan Originator (RMLO)? I was speaking with a property owner who is open to seller financing, but mentioned that I need to ...