I am interested in becoming a private money lender. Whom might someone like me contact in order to get an initial start-up loan/funding? Some people have told me that you need to use your own money, however I just wa...

Hello,I'm new to the BRRR game, am currently waiting for approval on all my HELOC paperwork, and researching various markets. When I look at potential rentals (just putting 20% down and renting it), there's seems to b...

I've been presented an opportunity to purchase 12 non-performing notes for some duplexes.  My question is what could I anticipate the cost being to foreclose on these notes?  They are individual loans but are all owne...

Hi,

I was wondering what the repercussions were for a fix and flipper (borrower) if they were to default on payments and get foreclosed on by their private money lender.

If the foreclosure process wer...

I am getting some pushback on the idea of recourse vs. non recourse loans from a banker I'm just about to go with. My accountant told me not to take out a recourse loan, one that allows for deficiency judgments (th...

Hello BP. It seems as an eternity since I embarked in this Real Estate investing adventure we share. I decided to go the buy and hold route.I will tell the tale of what seems like the longest coming rental check ever....

I have had BP members send me the following:

A copy of Spin Selling (thank you Jon Klaus) cassettes, contracts they use (thank you Ricky), advice on estate planning (thanks Vikram), attorney refer...

Hi BP,I live in California and I'm forming an LLC with another person (who also lives in California) in order to buy 5-10 rental properties (small multis) this year in Kansas & Ohio.My CPA is telling me that I sho...

I've been busting my hump trying to get my first deal. I put the earnest down on one but after inspections found it would cost an extra 40k so I pulled out. Now I've got a golden egg. Buying a great condition house fo...

Hello, I live in Montgomery County, MD and about 3 month ago I rented my basement to a single lady. I gathered one month security deposit and first month rent at the day of moving.  After the first month she stopped p...