Christopher Martin
Hard Money Lending
I have a close friend who is a contractor and flips houses. He has worked with other hard money lenders in the past. I have been wanting to invest in real estate and he suggested that I become a hard money lender. ...
Philip McDonnell
Buying house from relative
Hello All,
I am new to these forums so I hope that I posted in the correct place and also hope I don't sound like a total newbie even though I am :)
Anyway here goes my story:
I am currently living in a house that ...
Nathan Christensen
Saint Paul, MN Duplex analysis
Hi everyone,My girlfriend and I are planning to move to the Saint Paul, MN area in about a year and we, like many others, are hoping to house hack a duplex. However I want to analyze properties as if I was buying them...
Raj Khadilkar
DSCR - Cash at closing / Cash reserves
Thanks to BP community. Bunch of knowledge out there which we could lean on espcially from overseas. Would apprciate if some of the lending gurus / specialists could guide me on my below scenario
Overseas investor ...
Josue Rivera
raw land what should i do
hey fellow investors hope all is well , I am fairly new to real estate investing. as i was driving for dollars I found a lead for a house with a motivated seller. The current house is attached to two additional lot...
Cliff Hudson
Rookie Questions
Hi guys, I've 2 questions. Please help.
1) What do people mean by a house " UNDER CONTRACT for 100K?"
2) Should I get a pre approval loan from the bank f...
Rob Ayala
Anyone help me "guestimate " what hano will pay
Hi!Im under contract on a 4 bedroom in 70112 on Iberville st. Hano website says they will pay UP to 2618 but that rents will vary. In your experience how close to this number can I get or is it actually possible to r...
Account Closed
Funding Projects
I am exploring different ways of funding my purchases. Because I do not have the working capital I was thinking of Hard Money. If I get a hard money loan, how does paying it off work, its it like a regular loan where ...
Sandy Metivier
commercial lender need to be in the same state as the property?
Hi… I have a 6-unit in Cleveland OH that I own in full, and now I’d like to seek a cash-out refi commercial loan/mortgage. Does the lender need to be in the state the property is in (Ohio)? (Oh, and I live in CA).I’m ...
Michael Randle
Underwriting concerns/formula more of a deep dive.
Good Afternoon BP,
I am currently working on getting a feel for underwriting and I am crunching numbers on multiple properties. The wife and I closed out or real estate and we are look to re-invest in the first to mi...