Jef A.
How does Private Lending work
I am interested in using private lending but a little reluctant because i am unsure of how i can protect myself using these services. The general idea of it that i have is if a property needs to much repair a traditio...
JOAN DICKIE
Advice on last minute amendments
Advice needed in Wisconsinite:Home scheduled to close on Friday. Well inspection done this morning, but per contract was supposed to be done 3 weeks ago, buyers responsibility. Buyers agent now has a list of repairs...
Nicholas Caldwell
My plan to use 100% OPM to fund my first deal. What am I missing?
I Noticed a bandit sign for an "Investor Special", so in the spirit of hustle I called immediately. The property is a 3/2.5 that needs moderate rehab; can easily add a fourth bedroom and turn the half bath into a thir...
Mel Rosario
what is percentage dp on 5+ multi/apt in CA
I have about 150-175k for a downpayment on a multiplex. I like to buy in the 1.5-2.0 million range but feel that my downpayment is not enough. On avg is cash flow bigger on lgr buildings? Does anyone have any sugest...
Bryan Malone
HELOC - Is it better to use it as cash or down payment?
Hello all,I'm considering taking out a HELOC to help finance my first deal in the Memphis area. Is it better to use the funds as a down payment on a conventional mortgage (potentially on a larger home that may be more...
Christopher Courter
how to find a private money lender
I have recently acquired a piece of property in a very popular part of the city that is well on the rise. The fair market value is very nice and it is zoned as residential, so I could build on it. If I choose to go t...
Josh Kredit-Phelps
Paying Brokers on Seller Financing Deals
Hey BP Team - My partner @Daren D Wagner and I started a business 18 months ago and now have $750k under managment and ~$11k in Cash Flow. My question today is for those of you who have done or have brokered an owner ...
Vincent S.
If I buy w/ enough equity in the deal, do I need a down payment?
Scenario: An REO foreclosure lists for $400k on the MLS. The property appraises for $800k. Will a mortgage lender give me an amortizing loan at 75% LTV (i.e. $600k), based on that appraisal, to (A) purchase the proper...
Jeff Sadosky
Transferring property from personal to LLC...do the untaken/carried-over passive losses move with property?
Am looking to move a rental property from my name to an LLC, but am trying to figure out if the passive losses that have been incurred (but not taken and carried over due to salary limitations) move with the property ...
Jared Smith
lease option question
I may have a family to rent my home, but they have not lived here in Memphis before and want to try it out for two years before they buy. They have shown interest in a lease option. Finances are not an issue with them...