Account Closed
Increased mortgage rates - Lock in or wait for dip?
Hey BP,I'm currently in the middle of a purchase contract that will use 30 year conventional financing. Today my lender called me saying that their rates are seeing a bit of deterioration. Specifically, I now need to ...
Jonathan Chan
Things to look for when vetting your potential borrower
As private money lenders, protecting your investment starts with careful borrower vetting. Here are some key red flags to watch for:
🔴 Lack of experience: A borrower without a proven track record in real estate proje...
Tommy Sailors
Rent to own contract
I own the property free and clear. I rent the property now, but want to sell it . The current renter wants it but has bad credit. Is this a good idea? Should I finance to them?
Hemant Bhagwat
Is $0 down possible if price is well below the market?
I have been reading about "no money down" investing and have a very basic/ stupid question -
I came across a seller that wants to get out of the rental property - mostly due to out of state ownership and one bad expe...
Jess Butikofer
Vacation Rental (STR)
Investment Info:
Single-family residence buy & hold investment in Pigeon Forge.
Purchase price: $183,400
Cash invested: $183,400
Vacation Rental Property that has been fixed up and has been conve...
Matthew Allen
Stacking Sub2 & Owner Finance to get deal done
ARV: $255,000Sub2: $155,000Owner Finance: $15,000 ($5k given at actual closing)Rehab: $15,000I'm trying to make a deal work with the above numbers in San Antonio Texas. I am set to buy the home with hard money, then n...
Steven Line
Vetting a potential lender who wants my SS# and DOB and more
Hi, I finance fix and flips and have financed about 34 so far. I am in a spot where my borrowers want more money so I'm trying to find more sources. I found a money guy on craigslist that says he has large quantities ...
Elliot Sun
Lender - Denver based
Hello, looking for good locally based Denver lenders to establish relationship with. Already pre-approved with national/national lenders for single family home purchase but prefer local while looking for that AND inve...
Ethan Henning
Help with First Sub 2 Deal
Hello, I am purchasing my first creative deal and we have negotiated terms for the seller to carry financing on a short term balloon structure to give us enough time to either flip the property or refi. The seller ha...
Eve Mahoney
Opinions on condo purchase with 24% HOA delinquency?
I'm in escrow to buy a condo to be used as a rental. There is a 24% HOA delinquency. This is making financing challenging but not impossible. The unit is nice. The area is good and values are predicted to rise. Th...