Michael Dunn
Preferred Financing for REO ( VA,FHA,HomePath,Conv. )
Hello BP community. I have been researching and racking my brain on which type of Financing to go for. I qualify for VA,FHA,HomePath,Conv. My dilemma is in the amount I have set aside for Downpayment ( $7,500 at c...
King Mmuwe
Important points to consider in a business plan for bank loan
Relevant and important points to focus in that'll win me a bank loan for commercial real estate.
Richard Prillerman
Commercial Investing ?
Hello BP,
After investing in residential for years, I really like the looks of commercial investing. I found some interesting properties that have tenants and cash flow. I contacted one of the agents who said the I n...
Derek Johnson
New to the game here
Hey guys, Literally just joined a minute ago. I'm a pretty young guy at 25. Student loans, entry level job, and a family to support (which I am not at all mad about at all!) are a few things that hold me back as well ...
Angel Alcantar
Who is considered a "Friend" for down payment Gift FHA
Hello.I know to received a down payment gift for an FHA loan, it has to be from: Your relativeYour employer or labor unionA close friend with a "clearly defined and documented interest in the borrower"A charitable org...
Spencer Small
Structuring my first Partnership Operating Agreement
Hey BP. I'm a newbie with an amazing BRRR deal that I posted for feedback in the calculator. I found the house and my realtor/contractor negotiated a land contract with the seller that we are ready to sign. We would...
Account Closed
HUD/Lender limitation on rehab for FHA 203K loan?
My mortgage broker just told me the maximum rehab amount that can be financed into the 203K loan is $35,000 (this includes HUD inspection and other fees). Is this amount set by HUD or this limit varies by institutions?
N/A N/A
Newbie in San Diego - Looking for Mentor
Hi Everyone!!
I have been interested in real estate investing for several years. I read the forums on all the different sites, read blogs, look through MLS listings and check out all of the online sites to absorb inf...
KIran K.
Worst FIRST FLIP: LOST OVER 100k
Investment Info:
Single-family residence fix & flip investment in Sacramento.
Purchase price: $350,000
Cash invested: $50,000
Sale price: $415,000
It was the worst first flip because we hi...
Jay Dekker
BRRRR Questions on financing
Hi everyone, I have a couple questions when it comes to the BRRRR strategy. Lets say I buy a SFR for $70,000 and pay the 20% down to Bank A. I get a Hard Money loan for the $30,000 needed for renovations. After I wait...