Eddie Marcano
financing for distress properties
Hello BP I have a Question when it comes to purchasing distressed or properties in need of rehab.We currently own a 5 unit in Schenectady,NY. The property is free and clear. Originally, our first approach was to refin...
Brad B.
Interest Rate Question
So this isn't really a REI related question, but more of a general investment question. I'm open to anyone's thoughts, ideas, or advice.
I am in the process of doing a loan for approximately $65k. It will be paid b...
Angel Dejesus
Heloc or Credit line whats the Difference when you have a multifamily
Hearing people say I have a credit line to pull money out incase i need it for a deal. Speaking to a banker just left me confused as she was tap dancing around the Question when i asked her to clarify. Am i looking to...
Adam Stone-dare
should I use personal credit cards for rehab?
Hello.
My plan is to start rehabbing in Texas and then acquire some SFR rentals and hopefully some multifamily.
I've decided against forming an LLC at this point because I have yet to do a deal and the only assets I...
Lane Facer
Tax deed
I have purchased 2 tax deeds earning 18%. Would it be a smart decision to hold for awhile or start the foreclosure process?
Ryan Sarka
Buying & Running a Motel - Any Tips?
Let me start by saying I dont have any experience with motels but I like the idea as a future project and Im trying to figure out some basics now. Im looked specifically at unflagged motels in semi seasonal resort typ...
Meg K.
High Interest Private loan worth it?
I decided to seek out private lenders because the bank deal was not working out. The Lending Club interest i got is 18%...for 3 years ...is this worth it for a duplex house with 2 BD each selling for 28k? It appea...
Charlie Zelaya
Starting the process on my first fix n flip
Hello, this is my first rodeo on investing in a run down house, my Amex gold business card approved me to spend 120k and I got approved for a line of credit for 50k. This will be used for repair cost and down paymentA...
Brian Mathews
Thinking about buying mobile home for rental
I've run into a situation where I might be able to buy 1-3 mobile homes. 1 single wide for around $20K and doublewides for $24K. You have to leave them on space which is $320 month and single rent for $825 and doubl...
Nikolai Matveev
A question about Personal Loans
I have a wedding planned for the end of March. I want to get a personal loan in order to pay for it. I make $58,000 a year. I don't have any car payments already paid my car off. I pay $875 and rent. My credit score i...