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How do you properly use a hard money loan to purchase a rental property and then repay the lender what was borrowed plus the interest (or points)? Do you borrow the full amount of the purchase price from the HML or is...
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I'm new here...Our house is underwater by more than $200k. There's no sign of it being anywhere near what we owe on it, let alone 20% over in order to refinance in 3 years. Yes, this was a 100% financed, 7 year lock...
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Hello,
I've been in the real estate business since 1999. Most of that time I spent developing condos here in DC as well as overseas (Bulgaria and Nicaragua). I used a slow period last year to get licensed as a real e...
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Seems to be a consistent issue/question on BP attempting to drawing equity out of our investment properties. We are accustomed to HELOCs and REFIs with our own homes and naturally assume we can do the same with any S...
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Hello. Looking for some help. I found a condo I want to buy and use as my first air bnb property, but my realtor says I have to pay cash. Is this true? I have the cash, but I'd like to hold on to some of it for other ...
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Weird situation any help is much appreciated.House is worth 495k. No rehab needed nothing is needed at all. Heres the hard part im having trouble with helping them.-Taxes are up to date-They have a reverse mortgage th...
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I have 13 conventional (fannie mae) loans. I have a duplex that I would like to get conventional (fannie mae) financing on. I have a good commercial lender but the rates are still significantly higher than on con...
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Hi everyone!I am so glad to have found Bigger Pockets. From reading several posts it's clear there is much wisdom here. I am a real estate "investor" by default. My problem is that my investment property loses mone...
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I have a question about using my LLC to originate a loan that my SDIRA will fund. I will not be lending to myself but to qualified party so as not to create a prohibited transaction.
My question is, since my LLC is...
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Hey everyone, first time post and looking for some feedback.
Looking to enter market this year and have a range of 100-175k entry. Looking for SFH or smaller MFH (duplex, condo etc) in the Augusta/Savannah/Macon, G...