Thomas Bullock
Best Loans to use to scale
My friend and I are both veterans. We invested in a 3 family property about a year ago now. 100% of my friends VA loan was used, however, I am still on the loan because it was the only way we could get approved for th...
Rohme Williams
Private Money Lenders
So I have been vetting private money lenders from a pretty reputable website and have asked multiple questions about how the process transpires. In the experience from all of the investors here on the BP forums that...
David Cook
Inherited house: Sell or Buy Out Sibling & Rent?
Hey Everyone,
My 2 siblings and I recently inherited my parent's lake house when my father recently passed away. It's incredibly tough to find lakefront property in the area right now. We had initially all mutuall...
Hamilton Hitchings
Why I'm Passing on Open Door Capital Fund 3
First, I want to say a thank you to BiggerPockets and Brandon Turner for all they have done to help educate investors and of course I love watching and learning from Brandon's videos. Thank you.
When I read that Open...
Jade Atwood
Is this deal & structure acceptable to Hard Money or Private lenders?
I would like to buy a property, but have very little money. Here are the details:
Asking price $119,000. Recently reduced from $125k. 2009 "tax appraisal" $198k. Property taxes past due $5 - $6k.
6 units consisting...
Account Closed
Borrow for Down Payment
I'm eligible for a loan from Lending Club for $24k. Can I use this money as a down payment for a conventional product/hard money skin in the game? Or is there some rule that bans borrowing for a down payment?
Jeb Brilliant
How to split ownership and profits from an apartment acquisition
Hi All, I may have found the right apartment complex to buy but I have no idea how to structure the purchase, ownership, monthly cashflow and selling it. I will manage the entire purchase and the apartment itself (not...
Nahal Beckam
due date for pre-payment of the rent
A tenant who is moving on July 1st is willing to pay 6 months rent in advance to cover up for not sufficient credit history. I am preparing an agreement and was wondering if I should require the pre-payment at the tim...
Alex Kenny
Newcomer to the NJ real estate market
Hi BP members,I am a 22 year old college graduate looking to buy my first home/condominium in New Jersey (why rent from someone when you have the option to buy). My current job pays $90k and I’ve got a little over $20...
Rob Fullerton
Difference between loans
I am new to the site, and I am looking at attempting to flip my first home. I was wondering if there is a difference between a commercial loan and a hard money loan, any info would be greatly appreciated.