Justin B.
Lender: "Seller can't contribute more than 2% towards closing..."
So I'm buying my first rental property (actually closing this afternoon, :)!! ) and my lender tells me last week that the underwriter has approved the loan, however, because of the loan amount and it being an investme...
Joshua Walker
Renting a home to a business.
Good Morning Biggerpockets family! I have a 3300 sqft 5 bed 2 bath home that I am renting. I have a business interested in renting the home for their employees to stay in when working in the area. Can anyone share t...
James Reynolds
Creative Deal - Need Advice/Expertise
Can someone please advise on the best way to proceed with a creative deal. I will try to be as concise as possible:-Owner/seller is willing to sell me distressed vacant property for 250k (numbers are hypothetical)-Own...
Joseph Kostigen
Seller Financing and setting up a promissory note
Hey everyone. when you are trying to obtain a property through seller financing is the interest rate normally lower than a conventional loan? what would be the steps to approach someone when trying to have them finan...
Logan M.
Vetting Felons, Drug Addicts, Sex Offenders and Poor Credit/No Credit
It is inevitable that when you are in the MHP/Affordable Housing space you will have applicants who are Felons, Drug Addicts, Sex Offenders and have poor credit.Here is how I handle each of them:Felonies: It depends o...
Abou C.
How to raise $50,000k by year end?
Hello
Goal of raising $50k by end of year totally five investors with $10k+ each. Planning to acquiring two 3# family by year end.
Questions:
1. How do I protect their interest? In the deal
2. How do I raise in...
Dolores Waldron
How does private money work - how to structure it with a deal?
Hi All,I'm looking at a rehab / flip deal and after doing my calculations I can offer 375K for the property and the plan is to do it with private and hard money loan - the hard money lender requires 25% down so I woul...
Nick Cox
Buying house from close friend strictly cash on monthly payments
So a friend of mine bought a cheaper home with the thought of renting it out some day. He gave up on that and offered to sell me the house strictly cash. We don’t have a bank involved, we’re strictly on the honor syst...
Keith N.
How to get a mortgage loan while working a contract job
Hey Guys,I own a single duplex property in Raleigh which I currently owner occupy and rent out the other side as well as rent to a roommate. My total monthly payment is: $1143My total rent while owner occupying is: $...
Matt Calnan
Utilizing Overseas Lending/Investing
Hi everyone!
We are currently raising capital for a Canadian project and wanted to see if there was any insight or support that could be provided.
Our project is based on Kitimat, British Columbia. We currently own...