Vitaliy Volpov
Looking for Some Financing Advice/Referrals
Hey guys,Here's my situation. My business partner and I have a great deal on a 6-unit under contract. Cash purchase. Purchase price is $97,000. Expected rehab costs are approximately $130,000. Closing and carrying cos...
Derek Williams
Getting Business Partners
Hello everyone, new small developer here!How should I go about partnering up on deals? If a potential partner puts the money up for the down payment for the construction loan (which I will be carrying the mortgage), h...
Corey Reyment
How To Present To a Potential Investor
Hi All!With Christmas coming up we will be seeing old family and friends. Some of which have expressed some initial interest in investing with us as private investors to fund our BRRRR strategy. They have asked to us ...
Patrick Ryan Cheek
Need cash for a Buy & Hold, 14 unit
I've found a 14 unit apartment complex that recently went up for sale, ($490,000) all units are full. I don't have enough cash for the $98,000 down payment. With a 20% down payment it cash flows $2,900 meaning the ...
Account Closed
Investor Discrimination - Definition of Owner
By virtue of SUBTITLE 4. HOME IMPROVEMENT GUARANTY FUND Md. BUSINESS REGULATION Code Ann. § 8-405, (f) (2) (ii), "owners" who own more than three residences or dwelling places are denied access to make a claim agains...
Antonie E Fields
Hard money or Private money
Good afternoon BP family, I have a question about hard money? Has anyone dealt with these types of loans and what was the fees for the acquisition and how much were the fees for the rehab if they financed the rehab as...
Kayla Oliver-Pratt
Finally Purchased our First Rental Property!
Well, after all the readings/learning and webinars I am so excited to say that my hubby and I finally pulled the trigger and got our first rental property under contract, and will be closing in 2 weeks!! We will be im...
Scott Allread
Looking at purchasing three duplexes on one parcel, Loan ideas?
I am looking at purchasing 3 duplexes on a single parcel. I've already tried the County Assessor and the property cannot be broken up due to setback requirements. I don't want a Commercial loan, any ideas how to get...
Tracey Hamilton
Foreclosing on a private wraparound mortgage
Getting ready to do our second "owner carry" deal where we are the sellers. We own the property with an existing HELOC with a balance on it against the property. No other encumbrances. We are selling the property o...
Dulce Beltran
Seller Carryback - How to Structure
Hi BP, I'm looking into a property and want to ask the Seller to do a carry back. The seller is the heir as the original owner passed away. The property has been vacant for years now and am curious how to structure a ...