I have an opportunity that would eventually become our primary residence. The home appraised last year for 2.1m, currently on the market for 1.98. I am offering 1.5m (as it needs about $200k in updates for our tastes)...
A friend and I have started an LLC to begin real estate investing. We plan to flip houses to start and eventually branch out into different forms of real estate investments. We are approved for a HELOC of $100,000, bu...
I purchased an investment property using Sherman Bridge hard money loan. I was promised some many different thinkgs than what was actually provided. First, I was told that my downpayment would be 10% of the purchase. ...
Dear BP, I had a quick question on commercial financing for my first larger deal, so I am pre approved from Freddie / Fannie for a $1MM purchase, I have literally just enough capital right now to do that, but limited ...
Due to the fact that the country is currently in a recession due to the pandemic, financing is harder to get. The good news is that lenders are still lending money.
To begin with, there are multiple financing opt...
I’m looking at a few potential multifamily deals sent to me by wholesalers. I know they want to move quickly and cash, HML, or private money are usually the main or only accepted forms of financing. However, are there...
If you’re a borrower looking for financing options for your investment property, your only options are to reach out to conventional institutions (banks), mortgage companies, and direct private money lenders.
However...
What happens to the initial loan?How does it get paid off once every thing is said and done?
I closed my first multifamily syndicated purchase this week (24 unit, 7 yr old high quality condos in Des Moines),but, my second deal fell through because the largest investor pulled out at a late stage and I didn't h...
Ok so I want to start investing in the Anchorage area and ultimatly move up there in the next few years. My concern is that the market is way hot and seemingly inflated right now. It seems great there boundrys like ...