Dan Costantino
Hard Money Lending: Is it 'the norm' for 'advances' to be paid AFTER the work is complete?
I got my first Hard Money Loan. Everything is fine, but I was surprised that I won't be 'advanced' any rehab money. They will only reimburse me after work is complete. This is a $50k rehab, so I will need about $15...
Nicholas Salman
Why do you hear the term "Brokers are better"?
So often times in this industry I have heard the phrase "Brokers are better", but what does that really mean?Allow me to explain:1. When you use a broker you, on average, save almost $10,000 over the life of the loan....
Michael Vaughn
Understaning how many months a loan has left in tapes
Good morning fellow BP investors, I recently started getting tapes with no column that shows the amount of months left for the loan, a crucial bit of information.If i take the next due date and the maturity date and s...
Emmalou Penrod
Emmalou from Utah
I am a school teacher and my husband is retired. We have been dabbling in real estate investing for a few years. We own some developed lots, two rental houses, a tax lien and a four-plex. We would like to increase ...
Anthony Sulecki
100% mortgages refused insurance
I thought there would be more talk about insurance companies refusing to insure 100% mortgages. Anyone else hear this?
Jason Brenizer
Ineligible for Conventional Loans 6-10 if I do Cash-Out Re-Fi?
I spoke with an investor friendly lender today who said that if I do a cash-out refinance on one of my 5 SFR properties (all of which have conventional mortgages), then I won't be able to get conventional loans on inv...
Account Closed
Bridging the gap
I'm considering using a HML for my first flip, but funds are tight. What strategies have people used to "bridge the gap" that the HML won't cover? For example, a generous HML will lend 80% of the purchase price. Bu...
Marquise Williams
Seller Financing Strategy?
I would really appreciate it if anyone can convey to me this strategy of seller financing. I understand the concept, but I'm stuck discerning the step where the seller “takes back the loan” if there is no financial in...
Account Closed
Broker doesn't like "And or Assigns" on Contract
I need a little help regarding a wholesale deal I posted on BP. I am working with a Realtor to get a wholesale deal secured but we've hit a bump in the road..The problem is that the Realtors' Broker at Coldwell Banke...
Matt Maurice
House Hack and a BRRR... before they were "cool"
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $163,000
Cash invested: $5,705
House hack and a BRRRR before the phrases were ever coined! Bought it at the...