Bridget Ariel
Where to borrow money for remodel?
Bought a house for 1M with about 230k down at 2.9 interest for a 30 year mortgage. House includes a non permitted, detached ADU in the back where I live. The main house is being rented for $3,700. My mortgage payments...
Bridget Ariel
Where to borrow money for remodel?
Bought a house for 1M with about 230k down at 2.9 interest for a 30 year mortgage. House includes a non permitted, detached ADU in the back where I live. The main house is being rented for $3,700. My mortgage payments...
Alex Cole
Borrowing money for the down payment
Hi everyone, I am looking to buy my first investment property, but I don't have enough money for a down payment. I would love to hear about your experiences with borrowing money from either a friend or local investor...
Scott Ryan
borrowing private money and legal consequences
I have found one answer in the search but not directly related to this. I'm interested in the idea of borrowing money from others. But from what I understand there was rules with in the SEC for this. I'm not sure if t...
Evan Coburn
borrowed money for a down payment?
i was wondering if i can use borrowed money like from a loan agency as my down payment? or use it for reserves, closing costs, etc..thanks for the feedback
Collin Emerson Miller
Partially borrowed Hard Money Loan downpayment?
Hello, bp community,Wanted to ask a few questions about hard money loans and the skin in the game part.I understand that hard money lenders require that you have skin in the game, what I would like to know is how much...
Mike Engler
Borrowing money from a family member
I'm on the cusp of purchasing my first multi-family/commercial property. The question I'd like to have answered is, if my father is willing to "lend" me the money to buy this property, but does not want any interest ...
Presley Grooms
Forming LLC for Hard Money Borrowing
Hello all,I am looking to do my first BRRRR investment and the plan is to use a HML to fun most of the purchase + rehab. Of all the HMLs that I’ve spoken to, they all require a business entity to be formed. I understa...
Adam Craig
Borrow against 401K vs Hard Money
My current hard money situation is pretty good due to the relationship we have created. I only pay 1 point plus 12% interest only payments. Then I refinance and pay him off, usually 3-5 months,I am thinking of rolling...
Donald Telfair
Borrowing Money From Friend Then Refinancing
I have a friend that is willing to let me borrow a 100% of the investment property cost. We agreed upon 6% interest rate. I have to pay them back within a 12 to 18 months. This property will be a long term rental. The...