Daniel O.
Hard Money Lenders
How does a commitment letter written by a hard money lender work? if a hard money lender writes a commitment letter for $180,000 will this be the total amount loaned? will it be cash given to the buyer or directly han...
Ari S.
What do you think of line of credit against cashflow properties
Hi Everyone, I'm a landlord and recently wanted to pull some cash in order to do remodeling. The problem is banks are not lending at the moment and LTVs are limited.Do you think it's a good idea to get a credit line b...
Shawn Casinader
Highest LTV Loan for Self Directed IRA
I am looking to covert my IRA to a Self Directed IRA to help purchase investment properties. With the self directed IRA's the loan has to be non recourse and the highest LTV i I have been able to find is 70%/30% depen...
Andrea Gardiner
Finding a hard money lender
Hello,
I'm new to posting here on BP but have been interning on this forum for quite sometime. I am currently in the market to begin buying rental properties in Fairfield county of CT but am in need of a hard money le...
Levi T.
What type of terms do you offer investors?
When raising private money, what type of terms do you offer the investor(s)?
For example; if you bought 100K property and got 30% from an investor, and the rest from the bank, does the other investor get 30% of rent...
Blair Alexander
Getting a mortgage for a fix and flip with no verifiable income
I have saved a semi large amount of money through being self employed. I am now looking to get out, and am excited at the prospect of REI. I want to do a fix and flip but I do not have enough money to buy a property o...
Christian Scully
BRRRR... overwhelmed by lending options.. advice needed!
Okay BP, help a confused rookie out... I'll give some quick background on my property and what I'm trying to do. In 2017 I purchased a home sold as a duplex for a total of $207k including about $23k of 203k funds to m...
John Leviege
Should I keep as rental or sell as flip?
Hello Biggerpockets family, I'm looking for some savvy real estate investor veteran advice here. I am in the process of rehabbing a property & would like to know if I should keep as a rental or flip. Obviously, t...
Nelson Barss
You probably DON'T need to wait 6-12 months to refinance...
I want dispel a myth that I hear repeated quite often on BP and elsewhere... this seems especially important for folks looking to use the BRRRR strategy...Here's the myth: "Investors must always wait 6 to 12 months t...
Ricky Gonzalez
Hard money lenders for newbies!
Hey BP Fam- What is the best hard money lender for someone who is new looking to fix/flip?