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I'm new to real estate investment and have spoken to a few lenders. I had thought that I should send applications to quite a few to get the best rates/offers, but one lender told me I should just pick 1 or 2 and apply...
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I have a question for you. In the example: $200K purchase price, 20% ($40K) down. Say I get a private lender to loan me the $40K for a down payment for the mortgage. how would a loan officer take this....?
Hello BP family!My husband and I are purchasing a pre foreclosed townhouse condo this week! This is our first real estate purchase. The purchase price is 140k, the appraised value is about 185k. We plan on doing some ...
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I inherited a property this year and it is paid off. NOT interested in selling it. Any advice or recommendations on how to raise capital in order to fix it and rent it with no money down? Can I open a HELOC to fix the...
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Hello,I bought a small house for $35,000 last Nov (2022). The house needs to be remodeled and once it’s completed, the ARV will be $198,000 per appraisal last week. I’m using my HELOC from my first home to fund the...
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I currently own two rental properties. I also own an unrelated business that is an LLC Partnership made up of four partners. The partnership would like to go in with me on my next rental property purchase. I feel like...
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Hello - I am currently selling a 4 unit property and was approached about a Master NNN lease option deal on the property. Essentially, the buyer wants to pay my equity out of the property at lease signing then have a ...
Hello Everyone! I am a new member here that recently discovered this podcast and it is great!I purchased a small condo a few years back as an investment and I have tenants in it.I paid it all off already and they are ...
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Anything I've ever learned regarding money has typically cost me money.I have a house under contract for $75,000 in which the seller will pay $5000 towards my closing costs. 2 days later someone comesup and says "I'd...
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I need to call on the wisdom of the BP Hive.I'm representing a client on the sale of his home in Brockton MA. It's a bankruptcy sale which complicates things a little.It's a VERY difficult home to sell because it had...