Benjamin Lemieux
What to do in the meantime?
Hi everyone, I am closing on my first 3 family this week. I anticipate having enough money as well as reserves to buy another multi family roughly a year from now. I was curious to whether or not other investors are p...
Gary Parilis
cash-out refi --> BRRRR --> delayed financing... A problem?
I have pulled capital out of my existing properties to fund new deals. I have enough to cover cash purchase + rehab for a typical deal, and plan to recycle the funds for multiple deals. My objective it to BRRRR with c...
Ryan Aung
Delayed Financing with Rehab cost included (BRRR method)
I listened to BiggerPockets Podcast #406. In the podcast, the guest mentioned Delayed Financing with Rehab cost included. She briefly mentioned about HUD-1 statement recorded. I search all over the internet but it all...
Jeffrey Radcliffe
Note investing strategies for retirement using an IRA or 401-K
Can any of you please share your investment strategies for retirement by using/purchasing Reperforming or performing notes in your IRA or 401-K?Is anyone purchasing performing notes one at a time via the exchanges to ...
Account Closed
How much "skin" do hard money lenders generally require... or, what's a good % to propose?
Very hypothetical scenario: I find a deal where I have the opportunity to purchase a dilapidated home for $260k. Rehab costs are $75k. ARV is $490k.
Let's then say I have around $140k cash sitting around to invest, ...
Kevin G.
Construction loan or Hard money Lender for this deal?
Hello everyone,
I am new to house flipping and have recently gotten into the game. I came across a home in the Bay Area that requires extensive work and essentially needs a full rehab. The home is essentially bare bo...
Shania Hill
Cash buyers who provide a proof of funds letter for offers...is this a legit guru tip?
This past weekend I attended my local REIA meeting as I often do. This month the speaker was a wholesaling guru who's now moved into Rehabs. Anyway, he suggested contacting local rehabbers and asking questions about...
Marquez Davis
21-year-old 1st Development
Greetings,
I am a recent Civil Engineering college graduate, and I am looking for advice on how to secure funding.
The deal is located in Florida
I am currently in process of purchasing the Land for $18k free and c...
Chad Price
Best way to purchase furnishings for vacation rental
Any suggestions on which method is a better way to furnish a rental property? I am debating whether to use a dedicated business account that is funded to ensure proper tax records vs using a personal credit card so I...
Account Closed
How does a self directed IRA work
If I roll $100k into a SDIRA, can I buy a $50k house for cash out of that account and have the rental income put directly in the account? I realize this is probably much more complicated in reality, but I thought...