Hi all-Is it possible to close on a property with a hard money loan, then turn around and sell it on the MLS?Would lenders lend if I had this exit strategy in mind?Do they charge early payment penalties?Thanks,Ben
First SFR deal is getting closer and closer, I have it narrowed down to 2 and now I am contemplating how I am paying for it. The plan is BRRRR. I have 2 options:1. Go for a 20% down conventional mortgage. Rehab ren...
What is everyone's opinion on using hard money to invest in real estate?
I know you are risking a lot less money (and in turn you have more cash to do more deals simultaneously) and it drastically raises your ROI, b...
If:-Current joint primary Mortage with spouse 300 k-Won’t qualify for conventional or investment loan because dti is too low (they ding you for entire primary mortgage plus taxes)- liquid assets 600+-current home equi...
To those investing in rentals in OKC and surrounding areas... What kind of returns do you look for on your property using measurements such as cash on cash return, total return on investment, net monthly cash flow,...
I plan to bid on a number of house at my local foreclosure auction. I have done some title searching at my local court house for any title issues for properties that are on my short list. One potential property has ...
Hi all
I've only recently begun reading BiggerPockets, but let me just say I am already heavily in debt to all of you for a ton of useful information, and can only hope to start repaying that in some small wa...
Hi all, This is my first post on bigger pockets! I am looking at a muti-family in my hometown, an old mill town that is finally starting to see some appreciation (6% this year).Asking price is $200,000- 4 units. It wa...
I have a plan to scale up my investing but I am struggling with trying to decide if my plan is ethical. I am looking for input in order to take the next step or not.
My Father has a friend who is retired and living ...
Hi All,This question is multi-faceted. So, I apologize in advance for the barrage of questions.
I have a SFH, free and clear, that rents for $1,200/month. It has never been vacant. Before the interest rates make ano...