Jake Lenderman
Hard Money/Second Lein position
I have done a couple of flips, but I have a question. My parents want to invest, but how does it work if I do a hard money lender for the purchase and use their money for the rehab? Their concern is they have no col...
Tim Callahan
How to raise $50k to finish a rehab?
Hey group,I have a rehab property I'm working on here in Southern Maine. PP is $150k, rehab costs are about $75k, and ARV is $350k. We bought the house and are currently rehabbing it. Problem is, we only have about...
Jamin Olds
Creative Investing (Other peoples money)
Hello fellow BP Members,I wanted to share me and my business partners financing for many of our deals. We currently have built our investment business to 20 unit in 2 years. Our first few deal were with our own mone...
Chance Cooper
Neighbors Kid Shot my rental window out!
SO I received a call tonight from my tenants and they said that their kids were playing in their room and all of sudden the window gets shot by a bb gun. When the tenants confronted the neighbor about it he denied it ...
Sean B.
Is the revenue enough?
After a harrowing battle with the bank to get a modification on a rental prop, they finally came through...Or did they? Bought the house as a flip that flopped in 08 and paid 260K. Current value is about 150k and...
Eric P.
No money down, stated income, 760+ midscore.. what can I do?
As the title says, I have no money to put down (can scrounge up maybe a grand), would have to go stated income, and have a 760+ midscore. i just had a brand new home built, about $165k..... what type of investment opp...
Owen Hogarth
I'm a little confused LTV
A seller offered owner financing on his mobile park, great rates and terms but come to find out his loan balance is more than he's selling for.
When I found out the loan balance, the property barely cash flows as is ...
Peter Sik
Roof replacement needed, should I file a claim?
Got 2 reply from roofers, they found significant hail & wind damage to the roof which contains x2 layers of shingles and can not be repaired. So total roof replacement is needed , cost about $10000. Want to know...
Andy N.
Fire and my renter owes $2400. What would you do?
I am curious how other investors would handle this situation.One of my renters car caught on fire in the driveway of a duplex. The car burnt completely up down to the frame! There was some damage to my property. I...
Jason Berroa
Cash Out Refi Lenders After Full Gut Renovation Before 6 months
Hello BP colleagues,Looking for some guidance/advice here. My sister recently purchased a 2 family home with a 5% down conventional financing loan on 9/8/2017 for 304k. She then proceeded with a full gut renovation wh...