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%
...
We are doing a hard money 12 month loan for a fix n flip and our closing costs are over $10,200. Purchase price is $121k. Is this standard for hard money or too high?
Hello Albuquerque BP Community,I have a small complex here in Albuquerque and am planning to put in some common-area laundry machines for the tenants. I'm considering going with coin-operated machines, but don't know ...
I'm renting my first property in RI, my previous experience has been in MA. I typically charge 1st, last and security for a new tenant.
I was told that was not allowed in RI- anyone have experience with this...
Hey all,Does anyone have any experience wrapping closing costs and prepaids into their loan? We can afford to pay them but I'm trying to stay as liquid as possible just in case another deal comes along. So I'd like to...
should i get a couple pre paid flip phones?
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Hopefully I explain this in a way that is easy to understand. This is my first rental property purchase and also the first time I've really had to deal with any accounting of this nature, so I would appreciate any gu...
First time landlord here! First tenants in July. It was difficult to verify income because of cash paid construction jobs, but previous landlord confirmed they never missed a payment.
They have been late three month...
I have some funds in a couple different 1031 exchanges. I have a piece of land under option, that I have been working with the City on a lot split and plans for construction of SFHs. Let's say my purchase price is 4...