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Is there a capital stack on a non-recourse loan? If they say 65% of the capital stack are they saying that 65% of the property will be non-recourse?
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Hi everybody. My name's Anthony from Bergen County NJ. I've been on BP for a few months now, but haven't posted much so I figured I would say hello and introduce myself and situation. I am 29 years old and have been w...
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Hi all,
We are closing in our 2nd SFR in 1 week; all of my available investment capital is being used for down payment/cc for that deal.
However, I've come across another property that I'd like to run by you for you...
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Hi Guys, I'm currently working on a deal with a 5-plex building in the package. I will sell off the 5-plex once I have successfully closed on the overall package. (Basically to pay back my initial investors). I'm w...
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I see a lot of people talking about buying and holding condos and all the issues with it but I don't believe I have seen anything about flipping a condo? I have recently found one in foreclosure and all other units of...
Detroit mayor Duggan says HGTV's Nicole Curtis was 'scammed' in house dealDETROIT (AP) - The star of HGTV's "Rehab Addict Rescue" apparently was "scammed" when she bought a blighted Detroit home from someone who wasn'...
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http://money.cnn.com/2011/02/22/real_estate/december_home_prices/index.htm
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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...
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I hold the note. Borrower cant refi cause of credit. What are options to renew, foreclose or deed in lieu of foreclosure, etc?
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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...