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Would it be a good idea if I would to purchase a Home under a conventional loan and seek out a private money lender to help fund the Rehab cost ?? Has anybody else used this strategy ? Or is there a better strategy fo...
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I have a 22 unit all 2 bed 1 bath 100% occupied no rehab address is 11035 Harvard CT Mt.Morris Mi 48458. Ave rents are $675. 100 -125 below market. Under contract, purchase price 1.3m. I have a hard money lender read...
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I am in the process of reading the brrrr strategy book and I'm having trouble understanding how a person still has equity after they refinance. Lets say I get private money to fund a deal which is purchased for $75,0...
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Hi there, I am wanting to do a brrrr deal and i am seeing some people on here saying that you cannot use a conventional loan and a private loan at the same time. I thought that is how the brrrr strategy worked? My und...
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Hello everyone,
I just closed on my third property , and its a fourplex in St. Louis! Super PUMPED! (first fourplex)
I am currently in the process of figuring out the most effective way to fund the rehab.
With inte...
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I feel a bit stuck in this scenario, and I could use some advice.I'm raising some money from private investors and wanted to run some options by more experienced posters, because I'm a bit unclear as to what the best ...
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Hi Everyone,
I am newer to BP and figured I would jump in and introduce myself finally. I got exposed to BP by talking to one of my regular customers at work about real estate investment and he pointed me towards BP...
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I am negotiating a deal right now where the seller is willing to carry 90% of the loan for me for 10 years. Is my only option at the end of the 10 years is to sell? My goal is to hold onto these properties to build my...
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Hello BP, This is my first post and im really excited to be a part of the community here. I am currently renting and am looking at getting into Realestate investing by purchasing a duplex. I plan on living on one side...
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Hi BP,I'm looking for guidance on how promissory notes can and cannot be used for acquisitions. I have a few sources of private money I can tap into, and I'm somewhat confused on how I can make the most of the privat...