Nghi Le
If you have just enough for down payment, you don't have enough
I see a lot of people asking, "How much down payment does a hard money lender require?" My quick answer is 10-25%, primarily dependent on the lender, but can also depend on experience, credit, etc. But I honestly thi...
Russell Sirmans
Hoping for my first deal
Good evening guys, I'm new to investing, soon to be married, and am hoping to purchase my first deal. I've always had the mindset that I would need huge capital in order to begin investing. BG has taught me that thi...
Chuck Astleford
What's my real profit?
I am considering putting an offer in on a duplex. The financials are as follows:Rent charged $1400 totalMortgage(land contract monthly payment) $300Taxes $109Insurance $72Mgt Co $120Utilities (landlord pays one side ...
Marco Nasso
How Structure a Private equity Deal
Hi BP family! I have found a cash provider who will be bringing the money to the table, down payment and the rehab costs. It will be a private equity deal. It will be my very first ever The money available is 150K th...
Maxwell Milholland
How Do I Begin To Learn How To Analyze A Deal? Brand New Member
Hello Bigger Pockets Community!I am just getting my feet wet in this real estate game, and having read multiple "beginner" books, I find myself asking the same questions over and over: Where can I find deals to analyz...
Justin Hack
Refinance vs. HELOC vs. Hard Money
Hello BP, I am new to the real estate investing world, as I am sure many of you are, and I am having a tough time deciding how to finance my first deal. I bought my primary residence property for roughly $100K when I ...
Nikita Sharma
Escrow- what exactly is this?
Hello,I purchased my first property recently. In the closing costs, I prepaid for 1 year of property insurance. In this case, I would assume I would not be paying monthly insurance premium for the first year, because,...
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...
Michael Dunn
Pay down Credit Card debt, to Increase Loan amount ..........
Good EveningI need some help in figuring out what to do with paying off 2 credit cards, and by doing so.... Increasing the amount that I can borrow for the purchase of a property, by another $10,000 ( I came up with ...
Tony Wilson
Purchasing rental property using a line of credit
I am looking at buying a rental property, but I have no down payment. I was thinking of utilizing a line of credit of $25K-35K for down payment and closing cost (6.2% interest). I believe this is a great deal of a dup...