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Hello,With the current pandemic it's been a struggle finding the right lending. Last year I bought a mixed use property 5 units on the main access road to Mt Snow Ski Resort. I am looking for about 30,000 - $40,000 in...
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Sorry to ask such a simple question. Looking to refinance some raw land that is next to our primary residence. Not looking to go through a traditional bank. Down near Telluride. Any suggestions?Thank you!
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Hello fellow BP's. I have a question, I may have a potential deal, its a single family house in Ohio, the owner is elderly and moved out to downsize. She may let the property go for 5K need some work but is in decent ...
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Hi all! My husband and I have two properties in Denver, CO that became rentals by circumstance, not intentionally. We're looking in to buying our first "on purpose" rental property. We're currently living in Akron, Oh...
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I'm calculating costs on a potential deal and got a loan estimate from a conventional lender. It seems the buying costs are way excessive to me. What do you think?loan amount: 80000Origination charges:3pct points: 2...
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hi bp, question about the brrr strategy. Is it an option to take out a regular bank loan say for 50,0000 buy a house, rehab it then refinance out? barring all the numbers worked. Specifically using the banks money to...
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Pay off some credit card debt or hold on to Capital
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Between myself and my wife we have about $200k in credit card credit. Our credit card debt is about $2k right now.I have been building up credit lines for a long time in anticipation of being able to do something with...
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Hi, I'm looking to scale my portfolio. I was thinking of purchasing small multifam 2-4 units with DSCR and using personal loans to cover the 20-25% DP. I choose multifam because they have higher cash flow. I ran some ...
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Hello all, So far I have only done buy-n-hold rentals in LLC partnerships that were taxed as pass-through entities and I received K1 for my part of things. A new partner and I are planning on doing a few deals that a...