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I’m going to be shopping for a hard money loan for an upcoming duplex acquisition and rehab.1. What are red flags that would signal ‘this is a terrible deal/rate/terms/they are crooks’? What should I avoid? 2. What ar...
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Having coffee over the weekend with a younger investor in Atlanta, I had a question posed that could be worth discussion here. This young man is just starting out in his investing journey, turning his former primary r...
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I have been trying to search for a definitive answer on this topic but I can't seem to find one: If I live in PA, but I am wholesaling property in Texas, what is the process of getting my assignment fee? Do I need to ...
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Hello BP Community, I'd love to hear from all successful wholesalers in the boroughs of NYC, Brooklyn if possible. How is the market for you? After you find a home to wholesale, do you find it pretty "easy" to get the...
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One of my tenants just brought it to my attention that she in the process of adopting a dog( German Shepard). Right now the dog is a puppy no more than 10lbs but will grow up to 40Lbs. How much are pet security deposi...
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Cash-out Refi for Florida Condo
$225k, 4.75% - 30 year fixed
Part A
Origination fee: $950 , no points
Part B
Appraisal $635
Credit Report $22
HOA Certification: $150
...
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So when borrowing money you have the interest rate and term. What are some other 'perks' in an investment contract the private money lender will look for or consider standard? I guess an example would be an early pa...
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When I buy a property I know I have to pay for closing costs which is 2-5% of the property. But when I sell the same property, do I have to pay for closing costs again?Thanks for any responses
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I am in the final stages of evaluating a private Lender, I have the rate, LTV, total amount to close (orig fees), and documents for the loan from the lender. I have been burned once and would ask what are some key poi...
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Hello! I received a 6.6% interest rate. I am wondering if that's high given the current market. Good credit score, working at an entry-level software engineer at a FAANG company. Is this a competitive interest rate?