There’s an awesome deal we’re hoping to close on with great comps in Baltimore near John Hopkins and hot investment area. As newbies, we want to understand how to go about partnering with someone for the deal... We ha...
Hey BP, I have been reading through some of the forums and I see some mixed opinions on this subject, Here's the question: If you are trying to get a loan from a Hard Money Lender and you don't have enough money for a...
Good evening guys and gals! Your favorite newbie here to ask another newbie question. It's the dark side I'm referring to. The ones name that shall not be mentioned. The Hard money lender... duh duh duhhhhh. Ok, enoug...
I had a thought today after reading some on hard money lending. I read that some HML lend up to 65-70% ARV. Could the scenario exist where 65-70% ARV is the AS-IS value of the property, actually giving you the ability...
Please elaborate for me, the partner relationship of Builder and Private Money Investor, that is so elusive. ? One deal in particular: I had the opportunity of working 50/50 on net profits, with a private money inves...
I've tried several times to get a loan for an investment property and each loan officer is telling me I can't use private money for the down payment. How else am I supposed to come up with a down payment? I don't un...
There seem to be hundreds of creative ways to get into an investment property, but I have a question for lenders about using mostly borrowed money for the down payment. Is this really possible? Let's say I've only g...
Hello All! I'm new to BP and am absorbing all of the great info on this site. I want to focus on fix & flips, but I have little to no money to get started. I'm thinking of swallowing my pride and asking my father ...
Hello BiggerPockets Community,
I am a new investor looking to start my real estate journey in the DC metro area. I would like to express my gratitude to Jack and Russel, who have been gracious with their time and pro...
So can anyone help me out with this. Say I want to buy a property to fix and flip. I understand that with most HML that I would need about 10% down on purchase price. Now when it comes to the rehab cost how could I co...