Ryan Halford
How to use LLC money from personal account for conventional loan?
Hello all, The following situation is concerning proper accounting and tax code.My understanding is that I can lend via promissory note to my LLC at a reasonable rate (I plan on applying the 10% rate that is charged b...
Erik Browning
Cash Out Refi's are now cheaper than HELOCs
HELOCs are no longer a favored option for this market.Before I give an example, it's a good idea to explain how HELOCs are calculated - because there are a lot of people on BP that do not know.HELOCs are adjustable, w...
David Vincent
Hard Money
I need help. I have a deal under agreement for 140,000, renovations is 53,000 and the ARV is between 280k to 305k. Can someone help me understand what this lender is offering? What 11% mean?$170,000 loan amount$125,00...
Andrew Lapham
General advice on a financing plan for first deal/Interest rates
I am a complete REI newbie looking to gain some knowledge on the financing side of a potential first deal. I was looking for some advice on the following financing plan, plus have what I am sure will turn out to be a...
Justin Caputo
Seller financing question, Help!
Hello BP Fam!So I have been looking to get my first deal under contract for sometime now and I finally found my opportunity!I got a small 2bd/1bth house offered to me that needs some reno. He's willing to let it go to...
Brianne H.
Worth it to go after contractor?
To make a long story short, last year (fall 2018) we had hired a contractor to build a garage, and materials that were paid for and "ordered" never showed up. This was my first serious bad experience with a contractor...
Mario N Dove
Lease options with a VA loan
Good morning BP. I am strongly considering working with a potential client who has a retail property they need to sell fast due to a change of location because of their job. The client would like to purchase another p...
Jeffrey Barrows
Would like some advice
OK so first off I am brand new to real-estate. I am 50 yrs old, my home is paid off and I plan on retirement from my government job in 7-9 years. I have 45k in my bank savings and I want to buy 2 duplexes that would g...
George Knetzger
Interest buy down and how to use in a deal.
Hello folks. My question has to do with interest buydown. Is there a minimum interest rate? I know other factors such as location, dp, prequel are used. For example. 8.125 % do wn to say 5%. Doable and how much? ...
Janikka K. White
Open lawsuit where property is located or where the Owner lives?
I have a investment property is Tulsa, OK. But I live in Dallas, TX. The home was renovated. The home was just rented out 2 weeks ago. The tenants 1st 2 weeks in home, almost everything that could break or stop workin...