I took out a hard money loan for a rehab project. Purchase price was $51,000 and the rehab escrow was $60,000. I've worked with this lender before and the fee is always 5 points plus $2500 with 1% of the loan to be...
We have a tenant in one of our SFH, moved in last December, and has paid late EVERY SINGLE TIME (with the exception of the first month.) He pays the $50 late fee without complaint. He asked to move his pay date from...
This Question is about purchasing from Private Commercial Banks with cash. I want to be clear.NO purchases from government agencies and Cash Purchase Only . This question is About cash REO purchases from a private ban...
Hi everyone.What do you all think about expensive houses wholesale deals?Let's say you get a 1M house under contract for about 700KAre there cash buyers out there that pay 700K in cash? Is this realistic? Thank you as...
Move over, @Joshua Dorkin and @Brandon Turner . There's a new podcast in town. Listen to our first show at www.biggerpockets.com/moneyshow01 where we interview Mr. Money Mustache. He shares his thoughts on what trul...
Hi all! I'm a medical student in the Upstate area of South Carolina. My husband and I bought our first house last year and have had a lot of fun renovating it. He's a contractor and handles the heavy lifting, and I've...
It seems every contractor wants at minimum 1/3rd, 1/3rd, 1/3rd (or more upfront), despite advice on here to not put more than 10% down.I've scoured the General Contractor Payments in the forums and it seems the ones w...
Aloha BP!My partner and I are in the beginning phases of our partnership but we both know that in order for us to excel in this business, we will need to acquire team members that are way smarter at what they do than ...
I started a lease on 12/15/2018 and I am the tenant. It is a three-story home and rehabbed in 2018. I am the first tenant since it's been rehabbed. To give you full context, the home is located in a flood zone in Phoe...
I Finally finished all of the bigger pockets podcasts. All of them 413 Realestate, 148 money, 79 business, 35 rookie, and 18 daily. This was my goal since late 2018. In June I bought a duplex, and I’m getting ready to...