Tobias Falzone
100k cash, 400k borrowing power, what would you do starting out?
Hi Everyone, I'm a relatively new investor and after flipping my previous house and buying a new primary residence near sacramento, california, I'm ready to begin investing in non-owner occupied properties. However, ...
Andrew Solano
Newbie question: Save cash or borrow from 401k and start looking?
Greetings my Fellow BP'ers!My name is Andrew Solano from Houston, TX. I'm a newbie and have been listening to BP for a few months now. I purchased my first home in 2013 but lost it due to a divorce. My ex-wife transfe...
Elliot Tan
Rules for receiving funds for private money loans
Hi everybody! My partners and I are starting a REI company. We will be flipping and purchasing rental units. Goal is to slowly scale into medium-sized multi-family apartments. Our strategy for funding is to find pri...
Deborah Wodell
How Are You Covering Down Payments & Closing Costs for Your Fix & Flip Deals?
Hey everyone,
When it comes to fix-and-flip projects, the down payment and closing costs can add up quickly. I’m curious how you all manage these upfront expenses. Are you using hard money loans, tapping into savings...
CL Ziegler
$500,000 cash on hand; Do I buy outright or divide and borrow?
I am weighing whether or not it's best to, say, buy five 100K properties outright......or pay 50K down on ten properties since credit's fine and borrowing is not a problem.Anyone got advice for me on this?Of course, i...
Richard Slade
Some experience but first flip questions
so I own a couple long term rental properties but I am working with a partner in my first flip. Are experienced flippers borrowing money to buy and renovate the properties? I'm in a situation where I have money or c...
Sheldon Alex
Wrap Mortgage Private Money Partner Analysis
Good day everyone. Here’s a quick example of a Private Money Partner funding opportunity I underwrote recently.The borrower’s exit strategy is to Wrap the property to a homestead buyer. Below are the figures:
Purchas...
Michael Palmer
Reasonable Construction Loan Terms
I'm working on obtaining a construction loan and I was wondering if anyone knew if these were relatively decent loan terms. $346,000 loan amount. 75% ARV. 3pts to the lender. $3K to escrow/title. $84K cash to clo...
Dave Hurt
No cash out refi on property held in LLC under new Fannie Mae?
Hi folks, I was just shy of the finish line on a cash out refi on a rental I hold in an LLC...when today my Lender called and said a 'new Fannie Mae guideline' prohibits cash out refinances on properties owned through...
Larry Russell
Need refinancing options
I've recently purchased a condo with all cash and looking for refinance options. The condo is in my business name which creates an additional complexity to the situation. Can anyone recommend a commercial bank th...