Hi Everyone, This will be my first attempt to secure a hard money loan and I would like to know what to expect.Is the loan based on LTV or ARV. What type of interest is the norm, how many points should I expect? How ...
I'm working with a partner in an effort to acquire 8 properties to buy, fix and hold. When the same private lender is providing the funds for property acquisition and the estimated 3 to 4 months rehab costs what are t...
Do I put in 0 for property taxes when using the calculator if I will have a mortgage? The mortgage in Atlanta area I believe is meant to include escrow for property taxes. I just want to make sure my numbers are right...
I'm looking at a 6 unit mf in Reno. I can swing the purchase price but might not be able to pay for light to medium needed rehab. Can I ask here if someone is interested in putting in sweat equity to own a stake in it...
Hello, I was wondering what’s a good amount of money to have on hand to use as a down payment to start my investing journey. I can’t house hack and am looking towards SFR, either a brrrr or turnkey. Depending on how m...
Hi BP Fam!Can anyone please share some insight as to some specific items to look out for in hard money loan agreements and insurance policies for a fix and flip? What clauses should be included? or which clauses shoul...
I closed on 14 properties in the Springfield, MO area at the end of November using a portfolio loan. The bank that we used just told me that they have frozen making any new loans and so I can't just get my rehab money...
Is anyone here familiar with note investing in Canada, specifically buying non performing notes (ideally in large metro areas)?Where can Canadians buy notes? There doesn’t seem to be a DebtX or Paperstac equivalent he...
I have been analyzing and making offers on properties to BRRRR but have been continually getting negative COC and been off on closing costs. I've run numbers through the BP BRRRR calculator on multiple properties lat...
What is the going rate for Hard Moneylenders to charge? Atlanta GA area.
Hard Money vs Loans, what's more beneficial and why?