I listened to economist Diane Swonk from Chicago a bit this morning. She noted that new construction builders were not happy as they were not seeing the margins they wanted for the demand they have been getting for n...
Hey BP,
I'm toe deep in my first flip here in Tulsa, OK. I'm working through a 203k loan, so it requires a contractor quote for -every- detail. House is 1900sqft. Bought on a short sale for 49k in a decent neighbor...
Hello,Newbie here. I currently have 2 rental homes (single family) and would like to acquire more. Looking for a way to purchase more with little to no money. I just found this site and have downloaded the audible...
I’m 35 with a 2.5 year old daughter. Wife is a stay at home mother. I have a job, but it’s just enough to slowly invest in Bitcoin and stocks. My credit is bad 510 and 524. I’m in the Seattle Tacoma area. I don’t have...
Hey all!
I'm trying to buy land and do a build :) So far my research is pointing to an FHA OTC.
Couple questions:
1. What's the typical loan cap? 2. Who are the best lenders for this? 3. My dad is a contract...
Happy Labor Day BP!I am hoping for a little clarification about using conventional loans for REI. First, I understand that the rules are a moving target for this topic, but am hoping for some feedback from those with ...
I could use some advice! I own two homes, one primary and one investment on my own. I also have equity (35%) on a third worth about 365k that closed in February. I have been doing house hacking for a few years and hav...
Hey BP
Need some advice for a newbie who's just getting started. I recently closed, this friday!, and will be house hacking a 2 unit building in Chicago in a B/A+ area. The purchase price is right around a fair mar...
I am looking to get into some JV deals and wanted to know how most people split their profits? I will likely fill the role of a private lender and provide the $$$ because I am overseas. The other person will do the ...
I want to purchase my first deal using hard money. I know the basics of it but what are some things I should be cautious of or look for? Any advice for a first-time investor using hard money to BRRR? I also know an in...