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Good afternoon,I wanted to reach out to see if anyone has utilized these funding sources in regard to their real estate investing. If so, did you find the experience beneficial/productive? Looks like you can get a p...
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Hi BP and Friends,
I realized that after acquiring my first 4-Units investment, there is a big setback financially. This is because the conventional bank required that I put down 25%. It is pretty much all I’...
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Hello BP Family,I just recently purchased my first property. It is a distressed HALF Duplex in Detroit, MI (my hometown). It was a cash purchase and I've done some renovations with cash as well. I want to take some...
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Question for the smart masses. I am catching up on podcast and I listened to episode 55 featuring @Jimmy Moncrief. He stated you could use a retirement account as collateral for an unsecured loan. Does anyone know an...
Hello,If you borrow from your 401K through an employer, is it typically 50% of the account balance that you can borrow or is it 50% of the employee's contributions? In our case there are earnings and employer matchin...
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Hi All,
I signed a promissory note secured by a single family home that a real estate investor intended to flip. The real estate investor has advertised on this site, and continues to advertise joint ventures and pri...
We are selling a house with part loan, part contract /seller buyback.
Original PA sale price of $225,000 with buyer securing investment financing for $157,500 and seller financing the remainder at 8% with a 5 year b...
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There is no question that I have to use OPM for this venture. My big question right now is HELOC vs. unsecured line of credit. The goal is to purchase a B/B+ rental that does not need copious amounts of repair. Sho...
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Hi, Anybody know of any banks/companies/individuals that buy notes on mobile homes withOUT land? Thanks.
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I was encarcerated for nearly a decade. My wife has amazeing credit. I have zero credit. I opened a secured line and am useing that. I pay it off so to avoid interest. I bought a truck but we had to put it in my ...