Cy Dale
Delayed financing to leveral family members cash
I am a new homebuyer looking to purchase in AZ. I had a discussion about this with my lender but they didn't seem 100% confident in the answer they gave me. My question was regarding using a family members cash to giv...
Tim Rostro
Anyone experienced using a HELOC?
Happy Labor Day to everyone! So here's my situation and I'm looking for guidance. My very first property that I've bought, a single family home, is about to be paid off by early next year, April 2020. I'm working on...
Ignacio Rosenberg
What does the seller see? Hard money lenders.
We're starting to seriously consider BRRR as a strategy, but are very inexperienced with hard money lenders. I'm going around trying to set a couple of meetings to talk to lenders, I think a conversation is always a ...
Account Closed
Wholesaling REOs
Is wholesaling REOs in Maryland illegal? My agent who brings me REO listings just told me her lawyer said banks can sue me for fraud if I wholesale an REO through a landtrust. But said I can wholesale HUD homes throug...
Nicholas Acosta
Hard Money and Private Money
If I'm using an LLC to purchase a property with a hard money loan, but I am borrowing money from a family member for the downpayment.. How would I receive that money from my family member? Would it go to my personal a...
Tiara Murray
Can it really be this simple?
I am about to start my wholesaling journey. I've looked for hard money loans but so far do not really qualify yet. Then it hit me: what about transactional funds? I am aware of dozens of transactional lenders who don'...
Colby Litzenberger
Private Lender Question
Hi all - I have a private lender that told me to write out a proposal for her to be my bank on my first investment. I have a question for BP. I would like to use the private money to purchase the property and fund p...
Gregg Hutton
401k to use as down payment
Greetings to all, I am currently looking to purchase a home using my 401k as a down payment. I recently came across on BP the blogs about Non-Recourse Loans but wasn't sure if it applied to me. I am looking to purchas...
Celia Moore
Buying Real Estate with Your Self-Directed IRA
Since 1975 Wall Street has been able to keep a secret; It is possible to invest retirement funds in Real Estate. Not only is it legal but diversification strategies would dictate it the prudent thing to do. Real Estat...
Leanna Nixon
Cash Out Refi in Under 1 Year?
Hi all, I am doing my first BRRRR. Purchased a 4 plex in Cleveland in August last year and put a good amount of funds into renovations. I'm hoping to do a cash-out refi as soon as possible to take the funds back out. ...