I’m planning to flip a house, I was talking to my ex-wife about it. When I got to part about a hard money loan and the interest rates she mentioned cashing out her Roth 401k and loaning me the money. She just recently...
About a little over a year and a half ago I quit my job that was paying me 70k a year because my dad and uncle were flipping houses and running a remodeling business and told me they would show me the ropes. After a y...
This may be an obvious question, but, where does your rehab budget typically come from? A loan? Cash you already have on hand? Thanks.
Hello BP! Quick question? I found a property I want to Brrrr, my bank I usually work with sells the loan, I know this is to free up credit lines and allows lenders to pass out money to other borrowers. My question is ...
Hi, I'm Mary. I recently moved to Philadelphia from NJ where I work as a software engineer. I'm a newbie to RE investing but I've spent a great deal of time listening to the BP podcast, reading books, forums and the l...
With the interest rates going up, we're basically starting to move into another bust cycle. And so we're coming out of a boom period where a lot of money has been printed, lent into the economy. Plus we had the lockdo...
Hello, My name is, Brandon. I'm currently a union tradesman. I got into real estate investing a little bit ago and always wanted to try flipping. Another tradesman friend of mine said he would help me through one at 2...
I have the opportunity to syndicate with a firm for $25k. The firm requires a minimum investment of 100k, but I have the opportunity to only invest $25k. The COC is 5-6%, target IRR is 12-16%, target ARR is 15-18%., l...
Hello, I would love help with getting into rehabbing and flipping. What would anyone suggest my best strategy for entry based on this.
Credit score 710
Cash down 5k
Home Depot credit 10k
My dad, step dad and other f...
Hi B.P. Community,I have recently been on a Portfolio Loan fix , in trying to research and learn all that I can about these type of Loans.This morning though, I remembered that I left out a few Important questions Her...