Lisa Sluss
Cash-out equity loan for house paid-in-full
I have a fixer-upper that I own outright. I’m 80% finished on the rehab. I need cash to carry me to the finish line. A cash-out equity loan of $75000 with no pre-payment penalty would be perfect. A hard money lend...
Carolyn Yane
Can a loan be bankruptcy proof?
I need to know if I make a substantial personal loan to someone, is there any way to make the loan bankruptcy free? Meaning, is there any way to legally word, etc the loan so that even if the borrower went bankrupt, ...
Brady Mullen
When Should I Use Debt?
It's undeniable that debt has the power to consume. Anyone who has let credit card debt run amuck can attest to this.
I'm writing this from a place of humility. I have learned some of these lessons the VERY hard wa...
Adam Martin
Buying a multi-investor 6plex
New member here with some questions!My brother and I are looking into buying a 6plex under a LLC with a 5 year balloon mortgage amortized over 20 years. The loan will require 15% down with 85% financed. I will be prov...
Leandro Bidal
Purchasing properties into LLC for first rental properties?
So I am fairly new on bigger pockets as well as becoming a landlord. I have some experience in real estate and I’ve flipped a couple of homes therefore I have a significant amount of money to be a cash buyer. At this ...
Michael Barnes
Tax Deed Auction Purchase w/ Lease Option Exit Strategy
Investment Info:
Single-family residence other investment.
Purchase price: $27,000
Acquired this property from Tax Deed Auction Sale for $27,000 and it is being sold on a Lease Option for $62,500 and cur...
Neil O'Neill
Newbie Need feedback - Sell or rent my current home
*sorry for the long post :)
Situation:
I was laid off 2 months ago, we had some money saved up so that was a big help. Now, we may be forced to relocate out of state due to a really good job offer. Wife want to keep...
Anurag Pallala
New Bie BRRRR strategy implementation ideas
Hi I’m a software developer. I lost my job in Pandemic for 7months and started working from Feb2021. I have stocks around $30k as the market is not doing great I’m expecting them to go up to $40k in few months. I have...
Porsche Thompson
What Would the Best Loan Be for a 25k property?
Hey BP, I was interested in getting my foot in the door with a small SFH in the Fayetteville area (NC). The property is about 25k and I have very little money down, about 3% saved up so far. Is it possible to finance ...
Hank Austin
VA Loan or Cash the only option???? Broken marriage line
So I listed an estate manufactured home for someone and they had no knowledge of the property or anything in the properties history. I did a CMA and we agreed to list it at $195,000. From there we got multiple offers ...