Krishna Atluri
First development proposal, need help with deal structuring
This is my first post, I have been following BP for few months now. I will try to add details as I go. So far done my first flip which is on record today and doing my second flip. For the first two I used my own money...
Rob Fullerton
Difference between loans
I am new to the site, and I am looking at attempting to flip my first home. I was wondering if there is a difference between a commercial loan and a hard money loan, any info would be greatly appreciated.
Moshon Reuveni
FHA to Require Homebuyers to Put Up More Cash
I was wondering what’s your ideas and what can be done about this?
Dec. 2 (Bloomberg) -- Homebuyers seeking to take advantage of a government mortgage-guarantee program will have to put up more cash in some situati...
Juan Contreras
Question about downpayments with the BRRRR strategy
Hey everyone. I will be using a HELOC to fund the purchase and repairs of a distressed property. I am planning on using the BRRRR method. Based on what I have learned, you never want to go over 70% of what you esti...
Jeb Brilliant
How to split ownership and profits from an apartment acquisition
Hi All, I may have found the right apartment complex to buy but I have no idea how to structure the purchase, ownership, monthly cashflow and selling it. I will manage the entire purchase and the apartment itself (not...
Amir Mohammed
Creative Financing Options
Hello All,I need some expert advice.
I am a rental property investor and I am looking to buy a 8 unit multifamily property in Michigan. I had approached the seller to owner finance the property and my terms where 80 ...
Sharon S.
partnering with a GC
I am an interior designer who has had the opportunity to work with a sub contractor on 4 consecutive remodels for various clients. Recently this sub approached me to see if I would be interested in flipping homes with...
Pedro Oliva
20% downpayment typical for an investment property?
I have been wanting to get into multifamily investments for a while now. The financing though seems to be a stumbling block and feel like it just takes all the wind out of my sails. Everything I keep reading is that i...
Erin Estes
Experience with hard money lenders?
I am curious what my chances would be to obtain a hard money loan with no money out of pocket to buy a foreclosure at auction? What can I do to improve my odds when I meet with hard money lenders? @Brandon Turner
Jade Atwood
Is this deal & structure acceptable to Hard Money or Private lenders?
I would like to buy a property, but have very little money. Here are the details:
Asking price $119,000. Recently reduced from $125k. 2009 "tax appraisal" $198k. Property taxes past due $5 - $6k.
6 units consisting...