Nick Tureau
Financing for Mobile Home lots
I’m looking to buy 2 lots that already have tenant owned mobile homes on them that pay the landowner $375 mo in rent. The lots are for sale for 30k each & I can see this as a scalable business model IF I could get...
Willem Young
Rental Financing
Can anyone recommend a good long term take out financing option for us to pay off our bridge financing and hold real estate as rentals in Chicago? We would prefer not a conventional lender. We are familiar with B2R ...
Freddy Morgan
No Cash Out refi options due to Covid?
Over the last few days, a couple of local banks told me they "are not currently offering cash-out refinancing on investment properties due to Covid impact concerns". Have any of you heard anything similar?
Very new t...
Adam Hultman
Duplex/Triplex Property Questions
I have 2 properties I am looking at purchasing. A duplex and a Triplex. They are being sold together, due to the owner passing away and being held in a living trust. I am new to this game and only have $2,000 saved up...
Pablo Morales Cruz
First Time Investing
Hey, I'm 23 years old, in college for two more years. I would like to start investing. I live in Georgia. I have 3 friends that would like to flip houses with me. My ultimate goal is to build up my portfolio and have ...
Joshua Buck
Help! Question on financing a deal
So a deal was brought to me and the numbers work out great! BUT, I'm short on the cash... Dose anyone know if I can finance half the deal with a bank loan and the rest owner finance??example:property 400,000get a 200,...
Alex Adams
How to transition from Private lender to Commercial
My LLC partnership owns 4 residential properties. They were purchased with money from a private lender (family). Each home has its own loan agreement, and each loan is currently interest-only at 5%. The agreements ...
Jason Martins
How much does your private lender require you to put down?
We all know that most Hard Money lenders will require 10-30% down payment on a deal just so you have some "skin in the game". But do find that private lenders are different?I have used a private lender that has not re...
Maurice Webb
Financing Multiple Properties at once?
Hello everyone! I hope you all are doing well!Full disclosure, I am completely new to Real Estate Investing and when I say "completely new", I mean asking the most basic questions that may seem like a no-brainer for m...
Jaren Woeppel
Hard Money Term Sheets
Good morning BP community,We are looking at making our first hard money loan for a flip project. We don’t really know where to begin as far as term sheets and what documentation we need to request from the borrower. A...