Sharon Duvall- Humes
Searching for an answer
Hello BP family,My partner and I are pretty much at a standstill in terms of finding funding for certain properties that we want to pursue. I would like to know, for the first timers, how did you go about finding capi...
Jared Kotler
4-PLEX Buy in LLC? Or 30 year conventional fixed?
I mean, come on folks, I haven't been in the forums for a while, and maybe someone asked this already, but on a 300K purchase the difference between non-recourse, 5,7 year fixed 25 year am, and a 30 year set it and fo...
Bob D.
STR Deal in Truro, MA
I have a property under contract in Truro, MA that will be positioned as primarily a STR. Cost is $1mm and we are looking to put 25 - 35% down depending on terms. We believe the property will gross $90k/year in peak s...
Keith Manchester
Getting started in owner occupied buy and hold.
I had a plan to save up 20% ($60, 000) for a down payment on a owner occupied $300,000 home. I have been networking with people in my area and I've got varying feed back. Some say that's a good plan and some say split...
Kimberly A Hall
First Time Private Funding for Newbees
Where do newbies have the best luck cutting teeth with private lenders? I have a great deal, great credit, 80% cash down, and would like to shop options. I have one lender, but would like to shop for comparison. It wi...
Kessie Barrow
Newbie from Pensacola
Hi BP!
My husband Derrick and I have flipped two owner occupied homes and generated over $100,000. The first house was mostly sweat equity (yes, we’re still married 😉), and we learned a ton. We had no idea what we...
Argi Avetisyan
Seller of an 11 unit portfolio offers to finance 50%
Hey everyone, I have found an 11 unit portfolio in Ohio and the seller is offering to finance 50% of the purchase price (total price is around 400k). I am wondering if any lender would be willing to finance the other ...
Igor Messano
Loan options for mixed use properties
Anyone here have experience with mixed use property lending options? I am finalizing a deal for a 4 unit + 2 retail front property. So far I’ve only gotten quotes from banks for commercial loans with the usual 4-7 yea...
Nick James
Purchase a vacation home in an LLC
Hey BP. As the title suggest, I'm looking to purchase a vacation home in a partnership LLC. My friend and I reached out to a lawyer that suggested it is doable, however, so far we have only found lenders that require ...
Account Closed
Partnership: Using a lien to secure your down payment equity?
I am considering providing the 25% downpayment for a deal that I will own 50-50 with a partner. Lets say that purchase cost is $100k. I will provide $25k and the bank will finance $75k. Can I record the title so that ...