Michael Peters
HELOC Strategy to build capital - does this make sense?
Hello BP Community!I am 2 weeks from closing on our first property. We are purchasing it owner-occupied through conventional financing. As always, we believed we got a good deal. However, as we dug deeper, we are conc...
Lauren Nicholas
Flipping Too Fast? Conventional Not An Option?
We just picked up and are in mid-to-late renovations on our first flip. It's a modest start: a $50k condominium that we purchased for cash in need of only moderate cosmetics. With all costs (closing, lawyer, HOA, reno...
Ryan D
Creative Financing Ideas?
Wanted to ask if anyone has any ideas for how I can finance a duplex.
In a nutshell: I've got excellent credit (750) and 20K of savings. I figured I'd be in a good position to pick up a duplex down the street, but ha...
Justin Glatz
Newbie Question on off market deals
Hey bp!First time analyzing properties on fb marketplace and craigslist. I immediately got the question around being a cash buyer or using hard money on something advertised as a "turnkey" property. Why would I not ...
Mercedes Smith
hard-to-believe low interest rates in Utah??
Hi, I just happened across Associated Mortgages in the Salt Lake City area of Utah. They have interest rates for 30 year conventional mortgages at 3.75% right now, March 9, 2019. This seems exceptionally low. Has anyo...
Michael Czepil
FHA financing - New Orleans
Hi everybody, I am looking to make my first purchase in the new year and I am starting to look down the path of a government backed FHA loan to start off with. Can anybody recommend a lender in the New Orleans ar...
Richard Okagbue
Seeking Good Private Lenders for the KC Market
I'm seeking recommendations for good private money lenders for investments in the Kansas City Market, please mention who you have worked with or heard of that can make this deal happen. The deal - short term refinance...
Eleanor Curry
Investor intested in finding out more about private money lenders
I am investor in flips and multifamily properties. I have run all my projects through hard money lenders to date but want to see who has worked with private money lenders to determine what is different from the hard ...
Steve McGovern
HOA- reserve fund issues (e.g. for repairs) at the Assoc level
Interesting article today out of the Boston Globe. Bank Loans available to Condo/HOA associations for repairs. From my reading, they're secured by a doc that's analogous to an Assignment of Leases & Rents. Doesn'...
Adam Moehn
Investment/Owner Occupied Interest Rate Spread on Mortgage
What kind of interest rate spread do you typically get at banks for loans on investment properties vs. the interest rate they charge for owner occupied houses?
For a conventional 30 yr mortgage, the bank I we...