Rodney Marcantel
Is it fair to ask for small fee up front as a private lender?
As a private lender, I have a rehabber who wants me to lend money to them. They do several RE transactions a year and look good on paper. I'm asking for $300 up front with paperwork to cover the cost of our RE Lawyer ...
Mike Nelson
How much capital should I have saved to start investing in rentals???
I'm pretty new to REI but my question is, after wholesaling a couple of deals, how much should I have saved up in the bank to purchase my first rental?
I've already done a little research on rental properties and I'...
Gere W.
Down payments: big or small?
What's a better strategy: 1. Higher down payment: lower monthly mortgage cost, no pmi payments. This is generally 20%+ down. Good if you have the cash up front, but it's just that, you're losing that money up front. B...
Tynee Riley
Ask about commercial lending
I trying to purchase first commercial building, approached a company name Guaranty Loans they are in Phonenix Az , guy name Casey James did application, but then I read on app it said loan fee had to paid upfront bef...
Christopher Haile
I need your help with VA IRRRL Lenders!
Hello BP! I'm a long time lurker, first time poster. I currently have a VA loan on my primary residence at 3.75%. After getting several advertisements in the mail to refinance the loan with a VA IRRRL I decided to sta...
Jennifer Jacobs
Contractors requesting deposit - is this standard?
Hi Everyone,What do you do when your contractor asks for a deposit?My partner and I have always done our own rehab. The next project we are working on we can’t do ourselves and are looking to hire a contractor.We’ve ...
Drew Denham
New GC for roof wants full payment upfront?
I need a new roof on my latest flip, NEW GC said he wants the full $6100 down because its not my primary residence. He won't sign the invoice until its paid in full (and I live across the state). I called one referenc...
Carl Hewitt
Plumber changed plan without telling me
We had discussed replacing badly damaged plumbing in a slab home and running the new pipes outside through the yard until it meets the city line in the front yard instead of going through the floor in home. I received...
Felix Rivera
private money lenders
anyone use private money lenders? why do they ask for upfront fees.
Timothy W Hanson
First Investment - 4 plex - Need Advice on FHA Financing
I really need help here to anyone that can provide insight! Here is what I was sent: It is very confusing to me! - - - - - Email from my Realtor - - - - - "Hi Tim,This lays out what it looks like to use that $7k cred...