Thought this was pretty interesting. Goldman Sachs is buying a hard money lender called Genesis Capital. It seems hard money has mostly been a number of smaller independent 'mom and pop' lenders but now it seems the b...
Hi everyone,I have a service business located in a large shopping center anchored by a major grocery chain in California. I have owned the business for over 30 years, and due to escalator clauses in my lease, my rent ...
Hi, all. We are considering making an offer on a property here in Houston. The property is currently categorized as multifamily, having 6 apartments spread over a main house and a secondary building. Originally, the m...
Hello, I'm looking to develop 7 acres that I have (Free and Clear) into a self storage facility (Mainly Parking, not much Real Property). Would I be able to use my Single Family LTR as collateral in a DSCR loan for co...
Hello BP,I currently have a personal loan lined up with a trusted party. I've done a personal loan before and have a promissory note drawn out and agreed upon interest and repayment terms. The intent is that this loan...
Hello BP,
I found an off market Philly property that I would like to purchase. The owners of the property died in October, and left a will naming a relative as executor of estate. I am dealing directly with the execu...
BP Community:
I have a partnership split question reaching out for help.
I went in a BNB unit as partnership with a friend. We did 50/50 on 25% cash down payment, and I got a loan on my own to fund the rest of the 7...
I am doing some commercial deals and the seller will be carrying about 5% in 2nd position, is there any risk by not telling the bank or lender about this? Some lenders have various rules and it complicates deals. I am...
I am looking at my first real estate investment in the Clearwater Florida area 33756 zip code in Pinellas County. It’s a 3/1 home 846 sq ft. Purchase price is $158K and needs 50K in rehab. Short term loan (3 months...
I have a rental property that I purchased to live in when I was still in school and when I purchased it, I put down the minimum to buy it so it has MIP tacked on. It is an FHA loan at 5% interest (fixed) - 30 yr. I b...