According to Forbes, the U.S. has the most High Net Worth Individuals in the world. A High Net Worth Individual (HNWI) is generally accepted as person who has $1,000,000 or more in liquid assets. A liquid asset is mon...

I have been looking into a business Line of Credit and have a few questions:- I notice that some people can obtain a huge Line of Credit based on a very small piece of collateral (let's say a $500k LOC on a $100k coll...

if you think I should get pre-approved for a loan first, would it be more effective if I were to get the loan based on my credit score (which is not very high considering I'm still in college) or should I try to recei...

Hello all!

I am looking into taking my real estate licensure exam either in Feb or March for NY state. After obtaining my license I seek to build up my network to get the ball rolling with real estate. I plan on pu...

Young 24 year old getting into a federal job within a year and I wanted some clarity before I moved way ahead of time on using an FHA loan for a Mutli family home, duplex, or even a 4plex. I understand the market in D...

Hello,I'm really considering becoming a general contractor to project manage my properties & have a better chance at obtaining financing.One thing has always being stuck in my head since I went to to see a mortgag...

Hi all,First, a huge thank you to BP and the entire community. I just started my REI journey and have found the BP community immensely helpful. Thank you all for what you do. I have a few related questions regarding L...

This was a great question. Somebody asked me yesterday. They asked, “why do you care about junior lies when you are in first position?“There are several reasons why this is important:1. It typically takes away your ex...

I recently bid (and won) a foreclosure auction in which the bank owns both the first and second positions on a property. For some reason, they decided to foreclose on the second position first - giving me the opportu...

Looking for advice from you BP pros out there.I will be purchasing either a single family residence or multi family residence home in the Cleveland, Ohio area no later than January 2025 and intended on purchasing usin...