Jake Daily
What do hard moeny lenders do with deals they can't fund?
What do hard money lenders do with deals they can't fund themselves? Do they ever broker the deal with another lender?
Douglas Gratz
What is the new construction process? Dig lot, pour concrete, etc
Hello, I am doing my first new construction and at first I was very confident, but no, not so much. A lot of my flips took longer than anticipated which resulted in me having to find money for the closing.I did! but ...
Michael Mikhail
How to Get a Hard Money Bridge Loan with Bad Credit?
If you’re a borrower looking for financing options for your investment property, your only options are to reach out to conventional institutions (banks), mortgage companies, and direct private money lenders.
However...
Account Closed
Hard money term meanings and credit
I have four questions.
#1. Looking at a local hard money lenders terms, I need to understand what the following terms mean:
a. LTV: up to 70%
b. Repair draws: 70%
...
Anthony Ogletree
A Newbie's Wholesaling Experience
Hello all! I just want to talk a little bit about wholesaling. I'm sure this is one of the most well discussed topics here on BiggerPockets (and everything that follows has likely already been covered a hundred tim...
Maria Taylor
How can I use hard money to put an offer in on a house?
How are you supposed to get approval for a hard money loan when you can't access a property before being pre-approved? To my understanding the loan will be based on the asset, but in order to even make an offer on the...
Cory Carlson
Cashflow investment for retired and Fixed income?
Hello, I have an interesting situation that i would like some of your input on. I recently represented the sellers of a duplex that was in pre foreclosure. In 10 days i marketed the property, held an open house, found...
Andrew Daley
No/minimal down payment for a multi-family rental property - what's the real scoop?
New to RE investing. I would like to start acquiring multi-family rentals but a) don't have a lot of capital to put in myself, b) nor would that strategy allow me to build a portfolio within a reasonable time frame. ...
Cameron Norfleet
Ethics & Discrimination…. A question of Right vs Right!!
Ok so I was having this debate with a local landlord and I’d like to hear your opinion…. You charge $25 for your application fee. You show the house to a nice couple and they want to apply but they don’t speak, read o...
Drew Weidner
Need A Pennsylvania Hard Money Source For Owner-Occupied Home
Hello, I need some help figuring out how to put a deal together.Here are the details:Home Value - $325,000Selling Price - $285,000Owner has an existing first mortgage of $190,000 that needs to be cleared. He is willin...