Tucker Cummings
Refinance vs. Holding & HELOC
I've just purchased my first property in cash, with the goal of doing a BRRRR strategy. However, I haven't borrowed any money for the property, so I'm not obligated to pay anyone back (other than myself), and I'm wond...
Brandon Becsi
Refinancing low income properties
We purchase low income properties for between 10-35k and use them as section 8 rentals between $700-$850 per month. I know that banks dont like doing traditional Mortgages on properties under 60k ish but what about re...
Matthew Shay
Investment criteria for buying Apartment Buildings
I am interested to hear different investment criteria that people have for multifamily properties. I know that this is a subjective question. Some of the metrics I want to know about include cap rate, COCR, IRR, DSCR....
Kevin Scott
is there a way out of paying 20% down payment?
The 20% downpayment on my first multi-family is holding me back. The money is there but with additional money to be spent fixing the place up it is going to shrink my savings quite a bit. I'm curious to hear what ot...
Don Spafford
Has anyone ever used the Velocity Banking Strategy?
I searched for Velocity Banking but did not get anything to return except for some lenders using that name. I just was introduced to this strategy this week and was curious if anyone has done it and what their experie...
Account Closed
Step by Step for Documenting Seller Financing
Forgive me ahead of time for any seemingly obvious questions that I ask about this topic. I am unclear of the steps that need to be taken in order to legally take possession of a property through seller financing. I u...
Brian Gibbons
Tips from Brian Gibbons re: Creative Financing
It is the spring and I thought I would give a primer on "creative financing" for the BP community.I will break it up into Beginner and Advanced.I will talk about well known and not so well known strategies.Beginner st...
Christian Solano
Recent College Grad Looking into REI
Hello everyone! I am happy to have recently joined this community after much consideration.I am eager to start this journey and like many of you, I assume, I have no idea where to begin. To give you guys some context ...
Justin Nothem
Seller Financing
Hello Everyone,
I am looking for some advice on how to proceed with my first home purchase.
My girlfriend and I are looking to purchase a duplex in Wisconsin. I graduated from college in May of 2012. I ...
Pete Storseth
BRRRR, refinancing hard money to portfolio bank
Hello BPI'm planning my first deal based on the BRRRR strategy and I'm stuck. The refinance is key to get cash out in order to repay lenders and be able to repeat. My question is, when you refinance aren't there a num...