Joshua Lira
How do house flippers acquire money to finance renovations
I have a question concerning house flipping. I know most use hard money lenders & private lenders to acquire the property but how do they finance the renovation? Do they borrow more than what the purchase price of...
Corbin Wafford
House-Hacking: Beginning of a Journey
Hello,I started reading Set for Life by Scott Trench, great read so far! A big proponent of the book that Scott seems to adhere to is the idea of house hacking. Which essentially seems to be the best way to propel mys...
Laurence K.
BPO not even close to true value
I'm an international investor from Australia, I purchased my first ever note in November 2015. It was a non performing first mortgage with an UPB of 116k, secured by a triplex in Luzerne County, PA. It was in the fina...
Chad Herring
First time questions regarding lending money for fix and flip*
I've decided to become a private money lender for a fix and flip investor. I've done my best to research the process but wanted to get additional guidance. I'd like to loan around $25k to start, but I'm undecided on l...
Mohammed Milord
How do you build cash reserves when you are just getting started as a landlord?
I am in the process of looking at single-family properties for my first rental. I don't have any cash on hand for the cash reserves. Is it important to have the cash reserves already saved up BEFORE you acquire a rent...
Christine G.
Property Manager fired - Is now asking for payment. What to do?
Hello, a few months ago I hired a property manager whom I thought would do a good job managing y property that I have in another state (Massachusetts).i signed the contract and it had been 3 months and the property wa...
Sunil Kumar
$40k REO Condo - Originally 130k. Buy or Not Buy?
In a predicament. foreclosed loft sold for 130k in 2004, now an REO. bank wants 80k.
Taxes: 260+/mo.
Dues: 230+/mo.
All in all fixed cost to own the unit: $622
Will rent for $800 easily. $178/mo cash flow or $2136/y...
Sol Dubnov
Do not deal with this bank
Why would a company that has "no appetite" for investment drag potential customers through application and appraisal expenses while not intending to invest? Here is a story of a community bank in California (I'll post...
Jeremiah O'Brien
New Member from Sydney Australia
Hi Guys!
Just a bit of an introduction about myself.
My name is Jeremiah, 27 years old, married with no kids, and I will be a millionaire before I reach 30.
I know, a pretty bold statement from a newbie, but with a ...
Andrew Neal
Disruptive disrespectful renting neighbors
Hey everyone I'm a big fan of the forums and podcast and this question may be a little out of the ordinary but here it is.
I live in the SF Bay Area and have some very loud, dirty and overall disrespectful neighbors ...