So I have a 4 unit under contract and had my inspection today and they found knob and tube wireing in the basement that is live. There is 2 prong outlets in every unit 3 stories. I'm not sure what to do about this. I ...
Hi Everyone,My name is Michael, and I'm a traditional turnkey investor. I have an opportunity that conventional or DSCR lending won't finance. It's for lease option investing, where the tenant brings in 10-20%, and us...
I’m trying to weigh my options for financing a multi family. In what scenarios would hard money lending work for the down payment and why would it be better or worse than waiting and saving the money. Any advice from ...
My sister and I, @Liz Benzschawel, had a conversation this morning with the seller of a mixed use building here in town. The building has been for sale awhile at a higher price, and now the seller has reduced his pri...
It's good to occasionally take a balcony view look at your business model. It's also a luxury to have the time to noodle do so. So let me give you a head start... There are at least four different ways to hold an asse...
Hello Biggerpockets!My partner and I are looking for any recommended title companies in the Charlotte, Raleigh, and Wilmington areas. We are looking to do wholesale, SubTo, and seller finance deals in those areas. Any...
Hey guys, I am working with a realtor in my area and I was talking to her about financing options for a purchase that I'm looking to close on in late summer. I was talking to her about an FHA loan and then she expres...
My two partners and I are just starting out in this real estate adventure. We have not made any purchases/investment yet. We have secured a private investor wiling to front us $250,000.00 at 6% interest rate. My que...
I am not a novice by any means. I have a traditional rental, with a 15 Year mortgage, not cash flowing very much, but the equity is strong. and a buy and hold for retirement cashflow. I also have a SOlo401k Investmen...
So I was wondering how is someone like myself who's sole income is based on 1099 is able to qualify for a loan? Most of my income from the past 5 years come from my Network Marketing/Home Based business which is a dou...