Jeffery Drayton
How does the hardmoney loan process work??
Hello everyone, I’m a new investor in the Chicagoland area looking to invest capital and get my first rental property. Traditional banks and even some credit unions have so many guidelines for giving you a mortgage t...
Shawn Burns
Fees and Closing Costs Associated with a Wholesale Deal
Hi BP, I am wondering what closing costs and other expenses I should be aware of when assigning a contract? I would like to be able to let the seller know what to expect when closing and similarly what to expect the b...
Daytyn Ragragola
Getting financing in Indianapolis
Looking to buy single family property in Indianapolis area. Having trouble getting financing from few mortgage company’s already. Good credit, pay stubs have 20% cash to put down. But being that I’m from Hawaii and bo...
Joe Boggin
Selling my primary. What to expect...
I would love to sell my primary residence. However I cannot afford to juggle two mortgages. A friend of mine made an offer on a property contingent upon selling his primary and I'm guessing that is the preferred way t...
Felicia Richardson
Reverse Mortgage Assistance
Hello everyone! I have a close Friend in Florida, who needs to have a Reverse Mortgage released. His elderly parents, had one done a few years ago, without his knowledge. They now require 24 hr care and he is trying t...
James Byrd
Newb - How do Banks treat HML when doing a Re-Fi?
Thanks in advance. I have zero financial background, and I’m trying to wrap my cranium around the finance part of BRRRR.
Bottom Line Up Front (BLUF): if I use a personal friend to loan me money to buy my first prope...
Valentina Bizeta
Financing owner-occupied first multifamily deal
Hello BP family!
My first post ever!! So be patient with me
I am brand new, no experience, to the real estate investment scene and hoping to get some knowledge from you, nice people, about financing my first house h...
Ethan Board
Long term rental help
If buying and holding rentals for long term. How would you use other people’s money to get one? Would you use it as a down payment or rehab costs or ______? Then if your mortgage is for 20-30 years how do you pay th...
Kristin Riker
Bridge Loan for first BRRRR
Hello All,I'm looking to do my first BRRR deal in Tampa and the lender I have found is suggesting a bridge loan (I would pay for rehab separately) then refinance into a 30 year fixed mortgage in approximately 4-6 mont...
Matthew Lucas
Crunching the numbers.
Please remind me of the "typical" percentages expected before investing. (FYI, I'll be posting this in multiple categories, so as to reach all those who may have an answer, but don't feel obligated to reanswer in eac...