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...
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!
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 ...
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...
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...
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...
Pay off some credit card debt or hold on to Capital
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...
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 ...
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...