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1) Having a contractor with 203k experience is crucial. If its his first 203k, you are in trouble.2) When doing the 203k draw request, make sure it makes sense. Example: you have $50K to rehab the house. your draw req...
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Hello,I was pre approved for a $500,000 to $525,000 loan here in Los Angeles, CA . It is a FHA Loan and I will need 3.5% - $18,375. I have $2,000 saved. I am going to work hard but any creative ways to save money or g...
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Hello guys,
After reading a lot here in the forum, i was convinced that using my own money was not the best option for me to start flipping houses in a partnership with a friend. So after doing some thinking ...
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Hello Fellow Bigger Pocketers,Any ideas about where I could get a small loan to rehab a house in Indiana? The private money lender I talked to said their minimum loan amount is $65K. Other than a credit card cash adv...
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Ive talked to a "guru" salesperson after filling out something on one of their squeeze pages a while back. When talking with him he said theres ways to purchase realty using credit cards and balance transfers. Im not ...
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We have 13 rental properties in Rochester, New York that we've had for about 7 years and need to get a hard money loan for some renovations on a couple of houses to help get tenants in before winter.Since most hard mo...
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Hello BP fam. Its been 3 yrs since my last post. I have never given up on investing in RE and now am taking action. I currently have a bank owned property under contract the details are as follows:Purchase: 113kRehab:...
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Hello Everyone,I was wondering what is the best way to raise the down payment, closing cost, rehab, etc. for an apartment complex myself?I am looking into HELOC and refinance. I like to get at least $125,000Thank you
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Greetings all; first-time poster and first-time flipper here.I currently have a property about 50% complete in the remodeling (first floor is about done), and I needed further funding to complete the rest. The logical...
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Hello Everyone,Is there any financing available for tax foreclosure properties? Looking to finance 120k with 60k down