Hi - We own one SF rental home free and clear in a self-directed IRA, and are purchasing another on contract from the owner. It's under way and going well, but to make our first payment we need to either sell the fir...
On BP, I read of deals such as 70% bank financing, 15% seller financing, 10% downpayment.Are these more of the exception, or are deals like this fairly common?
So I've got a good handle on non-performing notes (2nds) that are both totally and partially covered by remaining equity in the house. Does anyone deal with or know the approaches for no equity 2nds? Seems like a g...
If you are purchasing the note on the vacant land, what factors will you look into before you purchase?
Very low LTV, since the land is not generating any rental income to cover interest payment?
Can anyone recommend a commercial lender (small bank preferred)?
HAPPY FRIDAY BP!!! I've been a homeowner for 6+ years and had finally decided to get into REI. I'm still educating myself (been doing so for the past 2 years), but decided to a HELoC to fund the down payment and wo...
Does anyone know of a small bank/lender who will do a loan on a $35k home? I'm in South Jersey (Burlington/Camden County). Thanks in advance!
I started an LLC In March 2021 and I’m now in search for funding for my first deal. Since my business has no activity and no revenue yet all the banks I go to are not even considering loaning to me. I have great credi...
I'm in the early stages of an investor pitch for a small, niche community in the Houston area. I *know* this is a loaded, hard-to-answer question, but I need some input re: what to estimate for what I would call "lot ...