Background
- Location: Bay Area Peninsula
- House Price: ~$1M, Mortgage $700k
- Rent with similar square footage: $4000/month
Running the number, it looks like it marginally break-even.
But I re...
I'm considering using a PML and putting up a rental property I own out-right to buy another investment property for cash. It would be a 50% LTV. The lender would be the mortgage holder on the Deed on the propert...
I was just wondering if trying to fund 1.5 million dollars is possible. I think the best route to take is the private money route but are there any other ways to fund that would work better? What are the best ways to ...
Hello everyone, first post here. I may be able to search around in here for awhile and find some direction. I'm a bit busy with my small business and don't have much free time. So here it goes...and I'm hoping you all...
Hi BPers! I'm looking to buy a condo in South Padre Island, TX. There are plenty for sale down there at what appears to be good prices. But that's part of my hang-up. Why would so many people be trying to get rid of t...
Scenario:
A lender had limited communication with the borrower throughout the loan term, resulting in misunderstandings and lack of alignment on project goals and expectations.
Mistake:
Miscommunication led to issu...
Hi BP,
I really like the idea of passive investing via syndications or crowdfunding, but to jump in on a deal now feels risky, as I have little to no experience in REI. Sure, I'm reading as much as I can about deal a...
Hello, I currently have a portfolio of 7 properties (mixed SFHs, duplex, triplex, quad), owned free and clear, each held by separate LLCs (formed Jan 2016). The problem I am running into is that most of the tradition...
In Ontario, Canada, how likely is it that I would get approved for a home equity loan if I only have minimum wage history as self-employed?I have ownership of one residential property (inheritance). What are ways to ...
Where do you go for your proof of funds letter and how much do they cost? What do you do to get around having one? Are they really necessary?