Corey Reuter
Seasoning funds with conventional investment loan
Hi there - I have completed my first two deals, which are going better than anticipated, and am trying to keep carrying this momentum. I had a discussion with my lender yesterday about preparing my finances so that I ...
Joshua Lira
How do house flippers acquire money to finance renovations
I have a question concerning house flipping. I know most use hard money lenders & private lenders to acquire the property but how do they finance the renovation? Do they borrow more than what the purchase price of...
Agustin Rossi
What to do if a motivated seller asks for proof of funds?
What do I do or say when a potential seller lead ask me for proof of funds to put the house under contract? And then what do I do if a potential buyer wants to go see the house during inspection time, what do I do or ...
Mike Helminger
UDFI Question (related to SDIRA)
I read through this post (and several others) and am trying to grapple with the idea of UDFI:https://www.biggerpockets.com/...Scrolling down a bit, Chris Wooten states the following in the comment section: I’m not a C...
Robert Cuomo
Private Money Lender offering 100% Funding - Talk me out of it.
I am currently offering 100% Flip Funding for Real Estate Investors. I provide 100% purchase money, closing costs, 100% rehab money with no payments till the property has been sold/refinanced and funded
I have bee...
Oscar Francis
Building my rental portfolio
Hello, I currently flip homes and I'd like to start buying rental properties, is there a current formula I should live buy when barrowing funds to purchase?
Taylor Reichert
Pooling Wealth? Equity, 401k, Saving
Ok, I’ll admit I know nothing about funding flips. But my concern is actually getting approved for funding a flip because I don’t have wads of income or a huge savings.What I do have is equity in my home, a 401k(not a...
Charles Brown
Fix and Flip Calculator use of IRA Funds
When using the fix and flip calculator where would I capture repayment of IRA funds used to cover rehab costs? For example, if I plan to use $20,000 from my IRA to cover some rehab costs, where does that get recorded...
Justin Maynard
Approaching a title company
I have contacted a few title companies in my area and they all act like they have never heard of "double close" or "absentee lists". After some googling I found some docs of questions to ask title companies. These ...
Brian Plajer
Can you use HELOC to pay off HELOC?
Hello,
I have a HELOC that I'd like to use for purchasing long-term hold rental properties (hopefully multifamily). The HELOC is interest only for the first 10 years followed by interest and balance payments for th...