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For example, there is a $100k rehab loan. The investor requests a draw for $10k to cover the first part of construction. Are the interest-only payments based on the $100k or Just the amount drawn? In this case, the 10k?
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Hi everyone. I recently had a recommendation to use 1031exchange.com, but I don't have any personal experience with them. (I disliked the company I used last time - but won't name that company here.) I'm in AZ, althou...
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Background:
currently living in Philadelphia and contemplating moving back to NYC after a 9 year hiatus from NY (minus the occasion visits). Currently working as an engineer in a stable job. I'm looking to move back...
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Greetings,I got my license a few years ago to help a friend's commercial real estate grow and I'd make commissions along the way. The intention was to do this part time. Needless to say, life and my primary job respon...
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Got a lump sum OR monthly annuity option at retirement....to me a no brainer! Rather use the power of the lump to sustain a income stream that is giftable to my children. BUT, the stock market is a scary ride even wit...
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I met her at a Real Estate meetup, she started investing about a yr and a half ago and has done very well.She wants me to do a Promissory note only for $30K at 15% interest for 3 months with no Deed.Am I crazy to be d...
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Hello BP,Are there any agents on here who specialize in or have experience with multi family homes in the Sunset District? I am looking to buy a duplex and live in one of the units. Thank you.
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Hello BPers,First, I want to thank all of you who contribute to this site for allowing a guy like me to sit on the sidelines for almost a year and just absorb information. This community is incredible – my wife likes ...
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Hey All! I am house hacking now and plan to turn the property into a long-term rental. One of my tenants got a lot of water on the floor during their last shower and the floor water began running through the ceiling o...
Hi friends,I have been investing in the Rochester & Buffalo area for the last few years and looking into Cleveland. I was wondering if anyone has experience with sheriff auctions that they can share.1. Are there g...