Frank Yaccarino
can money be borrowed from retirement funds
Can or is it advisable to borrow from a retirement account to do a deal? If yes, to whom is the interest payed to? would it be to my retirement account? I need capitol to finance my first deal. Is it possible to do ...
Rob Randle
How to get out from this deal??
I have a family member who is in a tough buying situation and I am seeking advice on their behalf. To sum it up: 1. He put an offer in at $135,000 on a Fannie Mae home for that was listed for $125,000 and it got acce...
Tammy Frizzell
Hard/Private money for acquisition of single family
Seeking some guidance. I found a deal and am seeking funding. Single family property in Southern Maine market. Acquisition costs $170k, repair costs $75k, ARV of $400k. I have successfully completed two flips previous...
Daniel Eden
How long before you can refinance if borrowing from a hard money?
Hi Everyone,
Quick couple of questions:
1. If you borrow hard money, how soon can you refinance?
2. Does the answer to the question above apply to a personal home loan?
Thank you!
Kasie Kay
Mixed use building BRRRR
Needing advice from someone with more experience. I just won an auction on a mixed use commercial/residential building. What is the downside of using a commercial lender to purchase, my own cash to rehab, and then ref...
Jason Boritz
Sublease question when somebody has not paid rent
Hi everyone,Legal Question -If a person is renting a room from a tenant, who is the only one on the lease, and the person finds out this person is applying for rent assistance and hasn’t paid rent, is the agreement ma...
Blake Byrd
Deed Restrictions
I am going to submit an offer on my first personal flip property, I have done several with my current employer, but this one is my own money. I have a few questions regarding the re-sale of the property & better u...
Curt Smith
CFPB protects owner occupant borrowers, who protects investors?
This is a case of read every thing you sign,,, but it's interesting.A lender loan from a portfolio lender. All discussion was about the loan being 30 yr amortizing. HUD had "conv no ins" checked, the lenders own fee...
Gerard Scranton
I have equity but no cash to rehab. How can I move forward?
BP Fam! I have a property with over $80K in equity. I would like to rehab the property. Rent it out and refinance. The mortgage balance is $26K (-/+). The rehab + landscaping = $65K (approximately) Would it be better ...
Jeffrey Sommer
Variance for Duplex
I'm under contract for a duplex in Port Richmond. It does not have the proper zoning but it is build out correctly. It has separate gas, electric, two hot water heaters, etc. Has anyone been successful in going throug...