After flipping a few properties and acquiring some buy and holds on my own I opted to start a LLC. However the LLC currently has no funds in the account and the bank told me that if I was to transfer any of my own mon...
Credit card debt ($10000), student loans ($15000) and upside down (owe $12000 cat is worth $8000) on a car loan. Clearly I am not winning in the game of financial freedom. How did you rebound from poor financial decis...
Hey everyone! So I’m finding myself unable to wrap my head around a certain aspect of Hard Money Lending as I go through my first deal.I’m currently using an online HML provider, LimaOne, and received “Fix n’ Flip” fu...
Hello BP, Has anyone heard about this new UltraFICO score coming out next year? I haven't heard much but I do know it's supposed to track your cash levels in your bank accounts to see how much liquidity you have. Will...
I am looking for assistance in buying a multi-unit, basically half the downpayment, I see it as 3 year plan, in which I give you a fixed amount, monthly from the rental income until we refi, about 3 years and give you...
In regards to hard money lenders, do they prefer to fund the entire deal and take their % or can it be broken up? Meaning I put the down payment down and they fund the fix up costs for a fix and flip? For example fo...
The way an investment or entity is owned and funded is referred to as its capital structure, or “cap stack” for short. One might ask, “how is this investment capitalized?”.
Broadly speaking, the capital stack consist...
Hey BP, I hope all is well. I'm wanted to get some opinions about a seller financing deal in about to land here in Norfolk, VA. I have been thinking up ways to not use my cash or maybe just a portion of it on this dea...
Hi,
I am looking to purchase my first home but my income has been very low for the past 2 years due to my line of work slowing down. I think I brought in 80k total between 2022/2023. I was using this time to learn ne...
Hi All,I've recently had someone apply for a 1 bed 1 bath apartment I have for rent. I'm having a hard time deciding if I should accept the application or not and would greatly appreciate any feedback one way or the o...