Ed Goble
Catch 22 of No Down Payment for Investment
Here's the catch 22. My house (primary residence) is paid off. I have perfect credit. Regular investment mortgages would be easy to get..... if only I had a down payment, because they only cover 80% most of the ti...
Account Closed
BRRR strategy confusion - Refinancing
I'm confused on the refinancing part of this strategy.For example, with obviously hypothetical numbers, you find this situation:Purchase: $70,000Rehab: $35,000ARV: $150,000So, your total investment is $105,000. You re...
John Geldert
Hard Money "Holdbacks"
Earlier this summer I funded one of my BRRRR properties using a HML (for the first time). The terms were not that bad considering I got the the property at a steep discount and they were able to close in about two wee...
Terry Wood
Multifamily / Apartment Investors - Start small or Big?
Hello BP and Apartment aficionados,I have heard many seasoned investors say start small and grow bigger. I have also heard them say in retrospect they wish they had started from the beginning or at least sooner with 5...
Account Closed
How to find a real estate syndication deal to buy into?
Hi, I have a lot of owners in my area that are interested in selling their property, but as you can imagine, the potential hit of taxes tends to deter them from pulling the trigger. I have begun to consider the idea o...
Evan Loader
Vetting a syndication deal
I’m looking to invest in my second private syndication deal as a limited partner. I learned early on to always look for 2 things to ensure it is a legit deal - 1. The LLC of the syndication is registered as an entity ...
Tina Nguyen
Should I deny this application from a prospective tenant?
Hi,
This is my first time screening tenant. I use mysmartmove to run credit and criminal check on this applicant. The resullt shows his credit score is less than 500, with several outstanding, unpaid credit cards and...
Ryan Heldt
Chicago 203K Partnership?
Hello BP CommunityLooking for a little bit of guidance here...I have been spending quite a bit of my free time learning about the benefits of REI and decided recently that I will be pursuing a buy + hold strategy to b...
Jay Sechowicz
Hard money lending
Hello all,I am looking to find my second property and am thinking about the possibility of going with a hard money lender. I just don't know much about how it works. I've read articles and what not but have not really...
Zac Caudell
Vacant land deal - Buyer requesting $3k survey, what should I do?
I'm working on a vacant land wholesale deal and one of my potential buyers wants a $3,000 boundary survey done. He claims to be very interested, but I hesitate to drop the money on a survey because it doesn't necessar...