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Hey all, What measures do you take before renting to tenants? How do you do background checks? How do you do credit checks? Any advice would be appreciated.Also, how do you collect rent? Do you have a check mai...
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Hey BP -Thanks in advance for the collective wisdom. I did some basic searching on the forums and couldn't find an answer to this question: If you are a cash buyer, trying to qualify for delayed financing to circumven...
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Hello BP,My STR strategy:
I just started renting my existing residence and in the process of purchasing a primary property in Galveston Tx (Beach House), I plan to AIRBnB 1 to 2 rooms depending if the property is 2-...
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Forgive me if this seems naive, but what is the real benefit of having cash when investing in real estate vs. being able to obtain financing? Specifically 500k-1m of cash. Would it be best to use that to buy a forecl...
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Hello BP friends!
How might a mortgage be structured if I qualify for the mortgage but I have family who would like to partner on the transaction by contributing the downpayment (20-25%) Can you go conventional on an...
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So I hear about a lot of people using OPM, but I never really see details on just HOW the arrangement is created? Does a document or agreement get signed and recorded? Do they just hand over the money with a wink an...
I just received a loan from a family member and I’m looking to acquire and invest in my first flip. I’d like to use hard money to acquire the property, and use the money I received from the loan, to renovate the prope...
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Hey BP community...I'm currently shopping for a duplex in my backyard...I have one I'm interested in...just wanna know and understand what's the best method to comping Multifamily properties...specifically Duplexes at...
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Purchased my first duplex about a year ago everything’s going good with it to date! Was looking to purchase another rental property but my debt to income is to high for a lender! Cars are paid off credit cards paid of...
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I am a new investor and really interested in the BRRRR method and looking into PML. What would be the average terms for a private lender to agree to funding? What are the average interest rates, documents needed, LTV ...