Hi BP community, I am a newbie in BP. A bit of background context: I have the downpayment saved for my starter home, and I would like to understand how you can go from the first property to buying second property. Is ...
Hello all,I am currently under contract to purchase my first investment property (a flip). I'm looking into what insurance I will be needing. I was told that if I get regular casualty insurance (damage to the proper...
So, my lender just indicated she could not issue a sellable mortgage with a seller carry-back involved...and further indicated that portfolio lending applies the same guidelines?...is this an institutional standard or...
I'm looking to rehab a house and have a friend who can do the work much cheaper than a contractor. How can I use him without risking my property(from injury etc.- creating possible lawsuits or claims)
Hey BP!I am discussing the merits of loan pay down and cash flow with my business partner aka wife. She raised the question of which is better for our long term buy and hold strategy. I have to admit I am stumped so I...
Hi BP Community,I’m looking for some advice on a mortgage wrap deal I’m looking to do. I’m the seller and would be carrying the financing on a $750,000 duplex. The underlying mortgage is a conforming 30 year fixed and...
Hi BP community!We have a property that has a great FHA loan interest rate, loan of 270k left. This is currently a buy and hold. We were thinking of selling because we've almost maxed out upgrades to the house (new HV...
Hey, I own 3/1 single family in South Jersey (C area) ARV about 100kI am thinking of offering seller financing.Anybody doing it in New Jersey? I don't like 2 year foreclosure time frames in NJ.How do you make it safer...
I'm looking at a property around $900k and wondering how I could possibly get a commercial loan to fund 75% of it and use either seller financing for 20% and cash for the remaining 5%. Do commercial lenders care where...
Hi All, I am interested in a property that I do not have enough money for a down payment for but it cash flows nicely. The seller wants to 1031 exchange this property with a different one but I was wondering if seller...