Need clarification on cash flow during refinance phase: Purchase 200k; initial down 40k; rehab cost 20k ; suppose ARV 250k; rent from unit $1400; so if I refinance then the amount I would want to take out would be the...
Hi BP. Tomorrow I am closing on my second no money deal! This was one of those "I found a good deal, now I need to find money" deals, proving the old adage right that if the property is good, the finances will follow,...
Is it possible to double close, assign the contract, or assign the option to purchase contract on commercial properties and/or multi family assets of 100+ units?
Hi All, my fiancé and i are looking for advice on how to take the money out of her 401k for capital without getting hammered on taxes and penalties? Or only having access to 50% of balance. IRA? No longer with the emp...
Can anybody help me understand how to structure and use an interest only loan to acquire a potential free and clear seller finance deal. The seller is willing to take 5% over 10 years. I’m trying to negotiate him to ...
I have a deal where I would like to explore seller financing as a backup to a failed wholesale...property owner in denial about the value of her property (imagine that...). She has 100% equity in the property...so how...
Hi everyone! This is my first post so here it goes! I am new to BP, but have been investing in RE since 2003 while keeping my day job. One important lesson I have learned (albeit I wish I learned this years ago!) was ...
What should I do? I have a $100k heloc. In August i bought a rental property for $45k. (its performing well) Currently there is a balance of $40k against my heloc. I am planning to scale and to possibly buy 2 more pro...
Hello to all. I just wanted to get your guys opinion on how and best way to structure my 1st deal. So a little about me I currently have 1 rental property that has a cash flow around 550 dollars a month approx equity ...
Good afternoon All,
I have a question that I hope I could get some guidance towards.
I have an investor who is willing to split the profit 50/50 for a fix n flip that I will basically be the project manager on. He ...