My girlfriend and I are rehabbing a house and we have work set to begin in the near future. We are in talks with a lender and plan on taking out a home equity loan soon on the house we are rehabbing to finance the reh...
I have a potential buyer who is willing to pay the asking price for my house, however they are approved to get $30k short of asking price. Can I give a sellers finance as a second mortgage? I’m not sure if that is do...
Hello to the BP lender community,I hope all is going well and everyone is staying safe and healthy!I was hoping I could run this by you and see how it would affect my DTI when doing the refinance part of a BRRRR.To fi...
Hey All,
I have the opportunity to buy a note from a bank on a commercial office property for well under what the property is worth, about a 40% discount. I have attorney's involved but am not clear on this process. ...
Hello,
Partnering with a private money lender to assist with down payment on a duplex. He will receive a return on his money for seven years but no equity in the property. His question was how secure was his loan. ...
How do you refinance a under-performing commercial property?I own a five unit apartment that I planned on refinancing this year.One of the units had been my primary residence, until I moved a few years ago.My mother h...
I have an investor who may be willing to provide 100% of the capital for a flip project, to purchase it and for construction. He will not be involved in the project directly. Someone else would also be doing the biddi...
Good Morning,
My name is Rich Boughton and I live in Wilmington, NC and am new to real estate investing and have not yet done a deal. In preparation for financing, I have started speaking with banks. My strategy i...
Most recent comp is 6 months old >>>> Appraisal says 1.3 acres LESS for the subject than the county says Appraisers reply. I don’t count wetland. Not true as evidenced by including wetland in one of the c...
Private money loans:How many of you have heard the phrase, “it takes money to make money?” This is a true statement if you want to make it in real estate investing.People often make the assumption, however, that you m...