Jimmy Rojas
$30k liquid cash, about $90k tied up in vehicle investment, self employed no W2s.
Hi guys, I am self employed with no proof of W2s, i make a living buying cars at dealer auctions and leaving them on a local used car lot on consignment, I have $30k liquid and around $90k tied up in my current vehicl...
Bryan Clement
UltraFICO Score and its Effects
Hello BP, Has anyone heard about this new UltraFICO score coming out next year? I haven't heard much but I do know it's supposed to track your cash levels in your bank accounts to see how much liquidity you have. Will...
Shaun M.
Financially Stable - but should I wait? (LI, NY)
I have about $150k equity in my home, with a tenant paying half my mortgage. I have a decent salary job ($1xxk+) and the only thing I have in my name is the house and the solar panels attached to it. I have $20k liqui...
Daniel Coleman
Construction Lender Criteria
This a two-part question: 1. Do lenders that only lend based on the real estate deal exist 2. If so what do most of them look for in a deal?
Eloise Reese
Unsecured LOC closing cost, what’s too much?
Hi BP Community,I’m trying to get money for my real estate investment business. I’ve never done a LOC before and I’m having an issue determining if this is a good deal or not. The broker is quoting me a 6.25% variabl...
Joshua Sun
Advice on where to put your investment savings.
Hi,I was wondering what you guys have found to be an effective way to store your money as you are saving for investment properties. Do you put in a general bank savings account?Do you put it in an index fund on Vangua...
Ron Ramsden
Partner or no partner?
A little background first. I have been an investor/landlord many moons ago but wish I knew then what I know now. I currently have a home and vacation home. I am also a painting contractor with crews for the lat 19 ...
Kyle John
Apartment Building - Seller Financing With Intent To Refinance??
I am trying to get my foot into the door of real estate investing and have been trying to think of ways to secure my first apartment building!
My current thoughts are that I will find a property and purchase using s...
Trey Watson
Houston: Has your investment strategy adjusted with oil?
As oil slides and layoffs continue in the Houston area, I believe most r/e investors are making some form of adjustment(s) to their portfolios or the way they buy, or what they buy.My investor clients seem to be all o...
AJ Smith
PML > CDs All Day Long
12% APY for our Private Lender on this deal.
100% passively.
We borrowed the funds, we fixed the property
We sell it when it's beautified.
I love thinking about it.
Instead of sitting in a CD at 5% int...