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My wife and I are trying to buy a house. We have about 30k liquid to spend on the down payment. We are looking to go for creative financing as our incomes don’t qualify for a good conventional mortgage in our market.I...
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I’m a newbie and this will be my first deal. I found a great quad that is listed for $220,000 and I want to offer $200,000. It is fully occupied and produces $2400 per month income. I really want to do this deal but I...
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When using a private money loan how do you handle the interest rate? Do you give a flat rate of return on money borrowed,ex. I borrow 100k and guarantee 20% I repay 120K, or more of a traditional loan?
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Okay fellow Big Pocketers, I got myself into a big pickle. I hope you can help!
I recently purchased my first deal, a three unit rehab (in Hawaii so don't be alarmed by the numbers I'm about to share). We are going t...
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Good morning BP. I am strongly considering working with a potential client who has a retail property they need to sell fast due to a change of location because of their job. The client would like to purchase another p...
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Hi BP,I'm looking for some input regarding refinancing one of my rentals.Background, I have 2 investment properties, one owned in my name and one owned in an entity. The personally owned property has a HELOC against i...
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Hi BP,I'm trying to line up a HELOC on our primary residence in SoCal and running into a wall. We bought in 2018 and end of this month we'll have owned for a year. Since biying we've put a little sweat equity into t...
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Greetings BP,I am a new investor and I was curious to know of some companies or investors who are actively seeking investors. I have a self directed 401k with a fair amount of cash in it ~50K and I was interested in s...
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Hello, I have two questions - hoping some of you may have advice based on experience.I am intending to team up with a coworker who plans to pay for the rehab costs of a BRRRR strategy as I pay for the down payment. We...
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What is the difference between loan servicing and loan origination?