Robert Cowan
HARD MONEY/PRIVATE LENDERS
Good Morning. We currently own 1 rental property, but would like to acquire more. I have never used anything other than traditional financing, so the workings of short term notes with hard money/private lenders are a ...
Jennifer Turner
How to modify terms of a seller-financed mortgage?
Has anyone ever sold a property with seller financing then later extended the repayment period or modified the terms of the loan with the buyers? Or even refinanced it to them?I’ve been searching for a form or contrac...
Juan Pablo Ceballos
401k loan for my down payment?
Hi everyone, I am going to use my 401k to pay for my down payment, I would like to know if this method is fine? Thanks.
Wes S.
The TSP Loan -- Waiting for the other shoe to drop...
Good morning BP. I've been considering using a Thrift Savings Plan (TSP) loan to help finance my next investment. As I've looked into it with some caution (after all, EVERYBODY* says "Max out TSP! Don't touch it!"), t...
Jamarla Edwards
Penalties for Using Conventional (non investment) loans for Flips
Hi,I am about to purchase my first home, using conventional financing, and I plan to flip it within 3 months. Are there any legal restrictions or financial penalties for using conventional financing (non investment) ...
Matthew Hendry
First time Commercial buyer
I have a question and I am completely new to purchasing commercial property, or investing in itself for that matter. I am a retired US Air Force Veteran and want to try to purchase a commercial building with multiple...
Joe Wall
HELOC and Tax Implications
I currently do not owe a house, but my parents have thought about doing a HELOC (home equity line of credit) to help me buy a side-by-side duplex. I am wondering about all the details for a HELOC. I was told it can ...
Brent Causey
Loan with Lake Lot as Collateral
I own a lake lot outright that will appraise for around $50k. This lot is on a high demand lake and lots/houses are scarce, as most lots and homes never make it to market - they are sold through word of mouth. I am wa...
Tyler Willson
Future Investor from Roanoke, VA
Hello BP Community,My name is Tyler, and I currently live in Roanoke, VA where I attend medical school. I just discovered BP about a week ago, and I have been churning through the podcasts which I have enjoyed. As a m...
Carter Trombley
I'm 18 and found a property but need help with loans.
Hello I am Carter and I'm 18, I am currently looking for properties and found that an FHA loan for first time home buyers can be helpful. However I don't have 2 full years of income to show banks and many loans requir...