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Hi,Since reading through this forum for the last few days, I have decided that I would like to invest in properties in good, safe working class areas, in the 50k-70k range.Being from the UK I think that starting with ...
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Hi there! I have done 3 live-in flips in my local market but am currently on the hunt to do my first "professional" flip. I'm wondering if anyone can advise me the benefits of using a hard money lender versus conventi...
Hello, I am looking to purchase a rental property, but I'm not sure what my best option is in the way of financing. Should I start with hard money to get the property and then refinance through a bank/credit union? Or...
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Hello BP,The time is coming near for me to seal the deal on my first investment property. I have been due diligently studying markets, books, education, podcasts, and mentors for almost 3 years now. I have come across...
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The options I'm considering are bank financing, HELOC, private money lender, and/or seller financing if that were available in the deal. At the same time, given our inexperience, the idea of partnering with someone w...
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My family members (late 70's and late 80's) are house rich and cash poor living on social security and trying to make ends meet. Their mortgage will not be paid off in their lifetime with about 25 years left on a 30...
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Hello BP!
My partner and I just completed our first house flip in Vegas NV. We went through a Hard-Money lender for both the loan and rehab cost. Unfortunately, this project took much longer than anticipated. The pro...
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Which one makes the most financial sense, Purchase prices 310k to be rented. Rent is around $2200
Citizens bank @
25% down
7.375% 2 points ($4650.00) $1975.91
7.5% 1.7 points ($3952.50) $1995.76
7.625% 1.5 poin...
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I'm looking to purchase a potential 2 unit apartment building, but trying to figure out financing. I have enough cash for a 20% downpayment, using traditional financing, but I do not want to tie up all my money in thi...
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Seeking Philly area mortgage brokers and attorney for motel purchase. Anyone?