What does paying points on a money borrowed from hard money lender means? For example, if you borrow $100,000 from a hard money lender at 16% and it takes you 6 months from start to finish to pay it back, your interes...
Hi Guys,
I've been following BP for a couple of years now, I'm 27 finally left NYC (moved to Philly) and have been house hunting for the last 3 months.
I started off looking at distressed properties around 150K-200...
Hello, my name is Harrison. I am currently 24 years old and I'm planning to buy my first property in the next 25 days at a Sheriff sale if all goes well. I am looking for advice on how I should pitch this idea to an i...
In preparation for a Commercial Real Estate transaction, should I include, or exclude, my quarterly corporate distributions when calculating my DSCR?
-Thank you
I'm in Texas. I got the bright idea a while back of buying a small piece of land, drilling a well, adding a septic and moving in a used manufactured home. Then turn around and sell the whole thing as a package. Luckil...
Hey guys i was talking to an agent about a potential Multi Family deal and she mentioned something about "Wrapping the loan"
Our convo was short I wish I could have asked her exactly what it meant can you help?
What i...
I've been learning everything I can about wholesaling and am stuck on this. I'm aware that both the seller and I need to sign the purchase agreement. But Is it important for them to also sign the Assignment sheet betw...
Thanks in advance for all replies.I have family in San Antonio and a person we know is considering liquidating a property in order to obtain duplex in another city. The property is a 2/1 SFH in the 600 block of Sterl...
Looking for some advice and introductions to lenders,I have a property paid in cash, with no loan that is worth $70,000. I am having trouble finding a lender who will work with me to do a cash out refinance to complet...
I have a rental property that used to be a primary residence that I have been renting for 6 years. I could probably get between 460k-480k for the property and owe 309K. It has a CoCROI of 0.89% and a monthly cash flow...