Several companies have tried and failed to create a successful ‘family lending’ platform, whereby family members can lend one another money. Similar to a peer-to-peer lending platform, also called crowdfunding, a fami...
Two of our rentals have about 10 years left on them at 4.875% - refied 5 years ago on a 15 year term. These rentals have been in service for years and cash flow nicely. I recently set up a trust for my mother which no...
Hey everyone!First and foremost thank you for anyone that takes the time to respond I would greatly appreciate it! Here’s my backstory:I’m currently active duty military living in Rhode Island. I own my current SF ho...
On BP, I read of deals such as 70% bank financing, 15% seller financing, 10% downpayment.Are these more of the exception, or are deals like this fairly common?
Would somebody be willing to send me their subject to packet they use when doing deals? I have the purchase contract and addendum to take over financing taken care of already but need templates for power of attorney ...
It is my understanding that if you have a loan on a 1031 exchange and you sell that property you must carry that loan amount forward into the next exchange. I am considering a Delaware statutory trust and was wonderin...
Hi BP,I'm working out an owner finance deal and I'm curious what would happen if the seller passes away while our agreement is still in place. Would I just start making payments to the heirs of their estate?
I purchased a property at sheriff foreclosure by HOA and in the redemption period. The redemption period is up Aug 12, there are several liens on property but I've met with two attorneys and the said the sale will be ...
Hello BP I have the following scenario I am trying to wrap my head around right now:Neil owned a home and has it mortgaged with Citi Mortgage. Neil has owned it for 50 years and allowed his daughter Anne to live there...
Do you want extra cash flow? Higher appreciation? More bookings? A few high-ROI renovations or new amenities could pay off in a HUGE way. But which projects will give you the best bang for your buck? Stay tuned becaus...