Back in the good ole days (2000-2006) I was fortunate to work with a experienced private money lender that had a very easy loan approval process and simple terms for new ground up construction.The loan approval proces...
Hi all,I'm a student in Brisbane Australia with a strong interest in learning to invest. I've read a few beginners books on personal finance and am currently part way through The Intelligent Investor. After this I pla...
Can some experienced investors explain in simple terms how bridge loans work? I’ve been doing some research but I don’t think I fully understand. With a bridge loan do I have to raise less money from investors because...
Good morning BP,
I am curious about 1031 Exchange and have a couple of questions.
How did you start using 1031? What are the benefits? Are there rules associated with 1031 or any specific guidelines that need to be...
Hi,
If I buy a apartment doing a seller carry back, how do I explain to the seller how they are protected if they carry a 2nd position note subordinate to the bank?
The example scenario would be if I bought a $1M pr...
I welcome other opinions and criticism when I make a move so here we go. My current move is take cash out against a property I own outright so I have buying power hunting for my 3rd this Fall.
Details on refi: Z...
The basis of getting approved for a mortgage loan...
-for W2 employees the bank basically takes their gross monthly income, they cut it in half and then half the monthly income has to cover the monthly bills on the c...
Hi everyone,
I'm new to the Big Pockets community, and wanted to introduce myself. I'm also new to the world of real estate investing, but come from an analytical background in finance (distressed syndicated loan an...
I own two houses in Texas, I am single with no kids. I only have my mother with me and I want to make sure someone gets these houses in case something happens to you.Is it better to draft a document where she takes 10...
I moved four properties to an LLC from my personal name. Bank sent me a letter and said that they have purchased insurance coverage for all four properties because my insurance under the LLC is not acceptable. Said th...