I am considering renting to a couple wanting to rent because they are in the process of selling their own home. I have already gone through the credit, income, and background check process. The couple has decent (not ...
Hi Everyone,
Quick couple of questions:
1. If you borrow hard money, how soon can you refinance?
2. Does the answer to the question above apply to a personal home loan?
Thank you!
I've read that just by switching your mortgage payments from monthly or bi-monthly to bi-weekly you can save a ton on your interest over a 30 year period. This led me to researching the difference between bi-monthly a...
What's up BP fam. I've found a potential seller interested in seller financing (contract for deed) through a title company. It's a fully rehabbed EOG townhouse asking $65k. What I'n thinking to offer is $4k down and $...
My wife and I are scheduled to close on a HELOC this upcoming week and throughout the process banks advertised interest only payments during the draw/advancement period of 10 years. When I received the final paperwor...
Hey y'all,Read David Greene's Long Distance REI and wanted to consider this:"If you continuously make extra payments toward the principal of the loan, you not only pay the principal down faster through the extra payme...
I have a tenant that I am self-managing. Her rent is $1,350, she has been there for 1.5 years, always on time. We have a good relationship. She was 2 weeks late this month, she was transparent as to what was going on...
Hey BP community!I am considering gearing my next unit towards travelling professionals and I have a couple of questions. 1. Are you all typically taking payment up front or on a month by month basis? I assume this wo...
I have a person interested in lending me money for a flip but she’s never lended money and I have never borrowed from a private lender. I know this is basics but I really don’t know.So let’s say I borrow $10,000 for 5...
So it looks like we have a slippery tenant. I think you know the type. I made a mistake and did not include a mode of payment in the lease. Just that the payment must be made to me by the 5th etc. When he moved in, I ...