I called county assessor's office asking if they accept credit card to pay someone's else back payments. They said "no." And I said ok thanks and they said "ok"😂. They waned cash. So, If i do a cash advance to get cas...
I'm working on obtaining a construction loan and I was wondering if anyone knew if these were relatively decent loan terms. $346,000 loan amount. 75% ARV. 3pts to the lender. $3K to escrow/title. $84K cash to clo...
I’m an investor doing quite a few fix and flip projects in the Phoenix, Arizona area and I’m running into a situation I’ve never before experienced on wholesale deal. The COE date isn’t until August, yet the wholesale...
Hello Bigger Pockets world. I was hoping someone can help breakdown what a hard money loan would look like. I know that every deal is different and everything can be negotiated but how does a hard money loan generally...
I have a property that is coming available. One of the potential renters is offering to pay the whole year's rent in advance in addition to the security deposit. Does anyone see any issues in doing this? Â The property...
Hi all! I understand that in order to use a 203k with a non occupying co borrower for anything between 2-4 units (basically other than a SFR), the down payment increases from the 3.5% to 25%. I am a bartender and the ...
I'm looking at two non-performing 1st notes with substantial unpaid property taxes that will be sold at tax lien sales in April. What is the procedure to pay the taxes as a new loan to the borrower? Where can I read u...
Newbie here trying to learn Seller-Financing. So, I came across this deal in Texas, and here are the numbers:Seller financing:- Purchase Price: $285,000.00- Down Payment: $40,000.00- Interest Rate: 2%- Amortization: 3...
I'm going to apply for a HELOC on my primary residence to fund BRRRR properties. In shopping around, two options beat the rest, and I'm having trouble deciding between the two.Option 1 is a 4.05% APR with interest-onl...
Hey community! New investor here, pardon any noob questions and appreciate your input.Working on structuring a seller-financed deal that would include a balloon payment at the end (say, after 10 years). In that 10th y...