Adam Soyak
Business is new but growing and friends and family want to invest
Currently, I own some rentals, 2 SF homes, 1 two-flat, and an additional BRRRR closing next month. I have flipped 4 homes as well. These properties are all in my personal name, and will be under an umbrella policy v...
Zane Paul
Question on acquiring bank financing for a rehab
Hello all, I purchased my first home as a personal residence in March and I got what I thought was a pretty reasonable deal at 20% below market.
It had been a rental for 12 years and came with a lot of deferred maint...
Adam Reynolds
How to Structure Private Money Loan
Happy New Year BP friends! I have a question regarding private money loans. A 50/50 partner and I are purchasing a BRRRR property and a third party (mutual friend) will be lending us the funds for the purchase and reh...
Tim Callahan
How to raise $50k to finish a rehab?
Hey group,I have a rehab property I'm working on here in Southern Maine. PP is $150k, rehab costs are about $75k, and ARV is $350k. We bought the house and are currently rehabbing it. Problem is, we only have about...
Dan S.
Cash out Refi Investment Property Little Seasoning LLC
I purchased my first Triplex 3 months ago in cash, rehabbed and have all units rented currently. I bank with a small local bank and they offered me 60% LTV for a cash out investment with no seasoning requirements u...
Guy Olds
Question of a full authority sale in California probate
I've been hearing from PR's lately and even from an "expert" in Probate (i.e. someone not on BP) that even with full authority under the IAEA in California a sale of a probate property needs to be sold no lower than 9...
Joy Williams
Mortgage Still being paid after owner passed away
A friend of the family lives in a home where the home owner passed away 5 years ago. The HO was the only person on the mortgage. Her husband continued to pay the mortgage through automatic deductions from their shared...
Nicholas Seaver
Line of Credit vs. Credit Card
I am about conduct a local flip with a new partner. My financial obligation in the deal will be to provide the funding for rehab costs. While I have some cash for this, I was going to get a line of credit as a quick s...
Rich S.
Owner passed away, properties tied up in court
Good day BP Family. I have had my eye on a property that is in disrepair and needs a LOT of work, clean out etc. I had been in conversation with the family prior to the owner passing to let them know I would be inte...
Joshua Dorkin
Borrow or Lend Money Online - Cool New Site
Hey everyone, we just found a new site, created by the founder of E-Loan, called Prosper.com. The site allows anyone to become a hard money lender. People needing a loan can submit their project/need, and people (le...