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My wife and I are not new to rentals, but we are new to say "using other people's money". If you borrow money from a silent partner for a down payment, ie friends, family, acquaintances, how do you structure repayme...
If I get a loan to buy a rental property and fix it up, how will it start making me income until the loan is paid for? Wouldn’t the rent just go to making the payment each month?
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Hi BP-So here is my question.I have a HELOC for 100K,I used 95k to buy and rehab a Multifamily which is fully rented now. I got cash in my saving,which I can use to pay back the HELOC immediately or I should just use ...
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Through discussion about acquiring a large project, we tossed around the idea of getting a HELOC to handle the 20%. Then, out of the blue, my father in law sends me a text asking if we had any ventures to invest in, ...
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Hey everyone! Some partners and I are closing in on our next deal using private money lending. I have a good foundation on how private money works, but was curious how the legality of works. Do we need a lawyer to rev...
Not sure where else to post this, so I'm posting it in the "Starting Out" section.Am currently a W-2 federal employee and recently qualified for a public service loan forgiveness program. Basically, I am put on an inc...
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Hey BP fam, I have been reading on OPM borrowing and wondering the different ways to pay back the borrowers. Lets say I borrow 100k from a wealthy college friend as a down payment for a multi-unit property that cash f...
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Hi All,I have a friend who's house burned down in the Camp Fire. This person is 60 and has no savings and was well in debt. The insurance on the home appears to be enough to pay off the house and add enough to have so...
http://www.incomesnoop.com/is nothing but surveillance of a person
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Hey all,First time homebuyer here looking for some advice. I purchased first home last year using TSP funds (401k) for a down payment. My goal was to try to pay back the TSP within 5 years to start getting my ROI in m...