Hello BP Family - I have a client that is in a financial predicament. They own rental property valued at $700k that is 100% paid off. The rental income is their retirement income. I would like to know if anyone here i...
So I found an awsome 4 unit, fully occupied, separately metered, multifamily property. Rents total just over 2K. Price will be around 110,000.
First bank liked it! They want 25% down so I need to shop around.
I'm ...
If I am interested in lending cash as hard money, what is the best way to get in touch directly with investors looking for loans or with company lenders? How can I ensure security with private borrowers? Thank you.
Hi all!I have a few rentals at the moment all under my LLC. Everything is humming along nicely, and the extra cash is going straight into the commercial bank account I have set up for each property every month.We've ...
I purchased a new home about two years ago with a VA loan, and put Zero down. I would like to use this property as a way to get my feet wet in the Land Lord business, but i'm not sure exactly how to measure the income...
I was just pondering my ability to become a personal hard money lender, and what might be required of me? Now Im not trying to Become a PML investor for another person's company, or use my Self directed IRA... Simply ...
Hi,
Usually I have had to pay my deposits with cashier's check.
I have a scenario now where the owner will accept personal check.
If I put in a personal check for the deposit, when will that check...
I am new to investing and haven't done any deals so far but I would like to start offering as quick as I can. I am In the process of selecting a hard money lender and trying to get pre-approved but I do not want to g...
Hello all, I have been trying to secure a buy and rehab rental property for a couple of weeks now, it has been difficult as I am using conventional loan. We have been outbid by cash buyers. I’m trying to find cash,I’v...
As a first-time flipper of a SFH with a goal of making at least 10k on the project, would you recommend financing everything with hard money (10.6% and 3 points, loan for $189k, interest $1,717/month) and a personal l...