Caleb Griffin
Help buying first deal with full-time job and no money down
Hello BP Community!I'll jump right in: I would like my first deal to be a duplex/triplex (or even 4-plex) that I can use an FHA loan to purchase, and live in one unit while I rent the others out. I would like to use O...
Mindy Jensen
Question About Lending Laws Regarding Private Loans
So let's say I have $X to lend. I've been happily lending it out at 10% with no points. (And no, I'm not looking for new borrowers at this time.)If a friend has his own lending business, where he is lending at 12% + 4...
Chad McDaniel
How much of a bank roll do you recommend?
In a previous tread (What does it take to be successful) the following was stated:
"Like any business the number one way to increase chances of success is to be well capitalized.
Everyone talks about getting into RE...
Salvatore Tardio
Networth Realty and 212 Loans
My son and I are in Arizona and we are considering signing up with Networth Reality to possibly do our first deal. Networth seems really convenient by having the property and financing put together and ready to go but...
Brandon Elliott-Pandey
When do you become a Private Lender
My question to you... when does it make sense to become a private lender?I have a client dying to get into RE but has no funds other than his HELOC with about $100K available rn. The interest on barrowed money is some...
Vikram C.
Buying notes in order to foreclose
I have searched the forums and google but am not able to find good information on buying non-performing notes with the intention of foreclosing on them. Has anyone on this site done it or do you know someone who does...
Jabbar Adesada
Is is legal to be on title of property but not mortgage?
Hello BP I would like to buy a property, but I don’t have the income to qualify for the mortgage. What I want to do is have a partner get the mortgage in their name personally guaranteeing the loan and I will give the...
Micah Brown
Is this a matter of ethics?
So I have a neighbor who knows I am beginning to become very interested in and taking action to acquire real estate. We were having a conversation last week and she mentioned she works for a large financial instituti...
Fayez Shantanu
Hard money lenders for 20% down payment for Freddie Mac Loan
Hi BP folks,Lets say I like to make a deal on MF unit that have cap rate of 8% and If qualified for Freddie Mac loan that will let me have 75% LTV but then can I have the remaining 25% from hard money lender (but non-...
Anthony Ruiz
Land Deal
Hi BP,I'm a long time reader time reader, first time writer. I'm usually able to find the answers to my questions by reading through older post. This time I'd really appreciate any advice and insight to a potential de...