I've never used hard money lender before, I was wondering if it's fairly common to use a hard money loan for a down payment on a commercial mortgage. I understand that hard money is generally geared towards the purcha...
Hello All,My name is Michael and I recently stumbled upon the BiggerPockets podcast/website. I have been interested in real estate for years and am finally ready to begin pursuing financial freedom. I live in the Gree...
Hi there,I'm looking to work with a lender to finance an off-market property in Maryland I want to buy as my primary residence*, max 10% down.What's the catch?I bought a Triplex last year as my primary and live in one...
In the Museum District of Richmond Va I've found a multifamily (4 units) property on a good size lot for that area that has a back ally access with a good size back yard and no garage like most of the neighbors have.P...
Folks, I have a question about a scenario. Bought SFR at $235k (Depreciation base: $200k) in 2016. The property depreciated for 7 years Loan on property: 200k ; Current market price: $360kIf I do 1031 exchange...
Just got a house under contract, SFR in San Jose, ca
$365k price, rehab, $30-35k
Rent estimate: $2400/ mo
ReSale price: about 430-460 k and maybe a little higher depending on market
All cash deal
Any suggestions ...
I bought 160 acres on a contract for deed 3 years ago at a very reasonable price,[b] but with a change in circumstances, I'm struggling to make the biannual payments.
The value of land has nearly doubled since then. ...
Builders: Is there a particular percentage of the ARV or other rule of thumb that you rely on to calculate what you can pay for a developed (or
undeveloped) lot?
My client is looking for hard money. I am not very familiar with their processes. They want him to pay a $2k due diligence fee up front and pay for an appraisal of $5 up front with no guarantee of funding. Keep in min...
Hello,
I would like to know your thoughts on developing a raw land into a strip mall. I signed a contract to purchase and in due diligence period. The raw land is parallelogram shape approx 900 x 200 ft (approx 4 ...