MG Perkins
Flipping arrangement with contractor in chandler az
Is it an attractive arrangement when a contractor would pay for all rehab costs (per investors plan) on a property an investor buys, to give first refusal option to contractor to buy the house at ARV minus the rehab c...
Account Closed
Cash Back at Closing
I have heard that in Canada, banks are not usually comfortable with deals that include cash back at closing.I can not figure out why. In my opinion, the banks should really only care if they are financing more than 80...
Dennis Standers
Seller finances the down for FHA ??
Hi All, I am trying to structure a deal in my town to get started in REI. My question is would the banker go for a seller financing the 3.5 % down and going FHA for the rest. I am wanting to buy a duplex one side is a...
Bob Nesbit
Arizona Hard Money Lenders
Hello All,Any recommendations for good Hard Money lenders in the Phoenix / Mesa area?My hope would be to find a lender who I could do some rehabs with as little of my own money as possible. Seems like all the ads I ha...
Account Closed
Bridging the gap
I'm considering using a HML for my first flip, but funds are tight. What strategies have people used to "bridge the gap" that the HML won't cover? For example, a generous HML will lend 80% of the purchase price. Bu...
Wesley Weisberg
Seeking Advice, Mold, Former Tenant Suing
What have other land lords done when former tenant sues for mold?? Have a bad situation where former tenant unjustly is suing for mold. Insurance does not cover, nor does umbrella coverage. Insurance attorney recommen...
Seth Murray
Minimum Savings Before Buying First BRRRR Property ?
What’s the minimum amount of money a newbie investor should have in savings before buying their first rental property? Specifically for the BRRRR strategy on a single family residence. Is $20,000 enough of a cushion? ...
Joshua Jin
Hard Money Loan in a downward market?
Hi Excited to find BP!! This is my first post...
I am a new individual investor (holding one rental sfh only). Recently I find home prices in my target areas are going down. Considering winter will be a general cold ...
Shawn McCarty
Understanding Hard Money - Suggest A Hard Money Lender...
Hello, I spoke with a hard money lender who said... "we lend based on the property, 67%, 4 points, 6-12 months, 14%"... I say ok, I think I can come up with say 10K to get "skin in the game" which should cover the 4 p...
William Hirsch
Figuring ARV on Multifamily
Hi! I'd like to take the opportunity to introduce myself, as i'm new to this site, and also ask a question related to Multifamily investments, and I apologize if this question has been asked before.I'm a new investor ...