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I am researching buying a property using the BRRRR method. My strategy will be to buy using hard money, rehab using my HELOC (lower interest than hard money) and then cash out refi on the back end. Two Questions:Do ...
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Hello Everyone,This is my first time posting here and was hoping to get some assistance in reviewing the loan terms I've received from a local bank. Are they good? Are they pretty standard? This is my first time se...
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I want to foreclose on an old note.
Loan is $30,000 at 8% with interest only payments of 250.94 until maturity,
Only 4 payments were made and its been in default for years [please no discussion of statute of limi...
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Hello,Has anyone on BP been able to take the residential loan and refinance it into a commercial loan? Someone from BP provided me with this idea and I am wondering has anyone successfully performed this. I have a few...
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So, I scoured the forms, and I couldn't find anything on this. I would appreciate any thoughts you guys could share.
My thesis is: for certain individuals interested in buy and hold, it could make more financial ...
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Hi all,So, my situation is as follows. I currently own 1 condo, and recently purchased a duplex. Both properties are in Cleveland, Ohio. My condo is paid off in-full. It currently appraises for $63,000. I put 25% down...
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Hi there!Can we go over some positive and negatives on using a HELOC(home equity line of credit) VS a conventional mortgage when doing a BRRR(Buy rehab rent repeat) strategy? I'm looking for what gives you the best re...
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I just completed my first deal of renovating and renting my first property. I have a question of which method I should pursue in getting more properties. I have been doing a lot of reading about different companies ...
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I had a situation recently where the tenant and I, mutually agreed that a move out was in their best interest. One of the conditions I agreed to was returning their full security deposit without condition after 10 da...
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I did have a question about Tax leins:Does the home owner has to pay interest on just the taxable amount that they ownedd to the county or do they have to pay interest on entire amount the bidder bid on the property t...