Nicholas Morgan
How do I fund this?? Every way seems a dead end so far
Hey everyone! I'm desperately trying to fund a deal and time is of the essence! Here are the details of the property: Triplex listed for 155kUnits/Rents:2/1 - $650/mo2/1 - $650/mo3/1 - $750/moAll units will be empty o...
Filipe Pereira
So close to 25%...how do I get the last 5-10K?
Hey Y'all. I've been working hard to find the right investment property, and I think I have found the one at this point. It's not on the MLS - older gentleman is selling off his units. The cash flow is great. He is as...
Mateo Way
Tax debt pay off prior to closing
Hea BP Forums!I have found myself in a bit of a pickle.My wife and I have a property under contract for 345k with 20k in seller credits at closing, funded with a FHA loan. We passed inspection with only some minor pai...
Account Closed
CA Foreclosure/Estate Title Issue
CA real property owner dies intestate in 2012. Daughter petitions the court, seeking to be made administrator in July 2013. Daughter is representing herself and to date has not yet been made admin or issued lett...
Joe Pearson
No Reserve + Need Tenant to Afford Mortgage = Too much risk?
So, I'm planning on purchasing a duplex or triplex within Manchester, NH, but my fiancee and I can only afford an FHA Loan 3.5% down and 4.85% interest, 30 yr mortgage, and that will leave us with practically no reser...
Nana K.
is it ok to use line of credit / credit card to start
I wanted to know if its ok for me to start with a line of credit and/or a credit card. Line of credit interest rate is 9% of 50000. Credit card rate is 11% but 14 if cash advance, limit is 25000. I do now have a pr...
Michelle LaRue
Need Help Buying a Deal! What is my first step?
Hi All, I recently came across an opportunity (like today) to purchase a SFH for $50,000 cash. ARV is approximately $150,000 conservatively. It needs less than $10,000 work. The owner inherited the home via a death in...
Bishwash Aryal
Investment strategy based on net worth and income
In deciding what strategy works for you in terms of real estate investment, I think your net worth and income has a significant impact. If you need additional income to supplement and have less net worth, cash flow pr...
Ritch Shepherd
Financing REO 10k-25k rentals
I've been very successful with purchasing REO's for 10k-25k and renting them out for $625-$700 to sec. 8 tenants. I've used credit cards with fixed rates and Bank of America to mortgage the properties, but these types...
Corey Dutton
Hard Money Loans - Are They Really that ‘Hard’ Compared With the 1980’s?
Hard Money Lenders aren’t the “loan sharks” that the general public would like to assume from the use of the words, “hard money.” The term “hard money” brings to mind the idea of mobsters breaking the kneecaps of del...