Nick Hakim
Traditional vs. Bridge Financing For My New Deal
Hey BP -I'm in contract to purchase a mixed use property in Northern New Jersey and I have a question for all of you lending guru's out there. As is, I'm purchasing the property at a 6.5% cap, but upon lease up of the...
Nathaniel Birdsong
Direct Lending Partner (any reviews?)
Has anyone dealt with Direct Lending Partner? Talked to them today about their program. They offer lines of credit so you can move quickly and have a less detailed process to get funds each deal. They do have some set...
Gail Greenberg
Can I take out a hard money loan for purchase and use IRA for renovation money?
Hi All,I just put a house under contract that I'm going to flip. My partner and I plan to get a hard money loan for the purchase and then use my self-directed IRA for the renovation funds. My IRA is a "checkbook" IRA ...
Felicia Gossett
Using home equity to buy real estate
I am new to real estate and would like to find a way to get started. I don’t have much money saved and I’m not able to get a loan. I do have a house I bought it 2013 through a foreclosure. I owe around $79000 and It’s...
Curt Treece
Am I in the middle of a BRRRR already?
My wife and moved out of our primary residence a little over a year ago. We got it rent ready (new carpet, paint, replaced the last of the white appliances with stainless, LVP downstairs...). After our first tenants...
Dustin Barr
Working on 1st Deal
Looking at picking up a single family home for rental. Foreclosure. Purchase price is looking to be in the $27,000-$29,000 Range. Roof is in need of replacement ($4-5,000) and could use some carpet replacement and ...
Michaela G.
How is seasoning seen with assembly, for commercial loan?
Ok, so I own 4 properties, each holding 1 duplex. This is part of a 1-acre tract, that holds a total of 8 duplexes. I now have a partner, that's been working on picking up the other 4 one at a time, so, that we contro...
Lucy Smi
Hit a wall with high DTI
My husband and I have three mortgages together (for primary residence and duplex rentals) and we are at the DTI max, thus limiting our ability to acquire new properties. We cannot re-fi since neither of us qualifies a...
John Baker
First Fix and Flip Investment Completed - Cary, NC
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $289,000
Cash invested: $80,000
Sale price: $410,000
Final thoughts - This was a great learning experience. I w...
Philip Bashaw
Distressed Condo Community on the rebound!
I am seeking guidance (and funding) for a very unique opportunity in an undervalued condo community in Lithonia, GA. Normally, I wouldn't be interested in this, but I am for 3 very good reasons. The first reason is th...