Eric Allen
First Duplex-Financing
Hello!I am looking at purchasing my first duplex, which is a bank foreclosure for $19,000. It is currently county assessed at $78,000, but needs some TLC. I have estimated that remodeling will run me about $15,000 a...
Sean Salandy
Time period for Hard Money Draws
How long should it take for a hard money lender to get their inspection done and to release funds for a draw?
Justin Goodin
Help me analyze this deal please!! Buy and hold investment
I have a 4 unit that I am interested in making an offer on. I am talking to 2 hard money lenders. With all of the fees and down payments they are requiring, why wouldn't I just go to a conventional mortgage lender. I ...
Mel Guarin
Down payment options?
Hi y’all, I live in California and am currently in the market to purchase a home. However, the percentage of a down payment on property in CA is high. I’ve been saving but Id really like to avoid putting 20% down if a...
Steven Bonfante
What are my financing options?: No employment and no liquid cash
Hi All,I am a newbie still trying to figure out how to get financially ready for my future first deal. I want to get everything prepared so can present a valid Proof of Funding once I start making offers.My dilemm...
Christie Chanterelle
My stocks
Hello fellow BP members. I am hoping to get an opinion on this question that has been hunting me for a few weeks now. So two months ago, I've decided to start on my business and the only way to purchase my first flip ...
Tony SanFilippo
BAD Credit or No Credit - NO Problem
Increase your fico score with this good credit hack. A great way to improve your credit is with loans. But what if you don't qualify? No problem if you or some one close to you has some cash. Here is how it works. ...
Samantha Klein
Thinking about doing ACH for collecting rent
My question is, when I have many units to manage, if I wanted to do ACH, how would I keep track of who paid and who hasn't if the rent amounts are the same? Should I charge a different rent then I'd know?
Keegan Schaub
Inherited IRA Tax Implications
Hypothetical situation:Say someone inherits an IRA - per RMD (Required Minimum Distribution) all of this money must be withdrawn from the account in ten years and is considered taxable AGI.In order to avoid a pretty l...
Adam Christopher Zaleski
Question about "escalating offer"
One of my realtor friends just switched from selling new builds for a builder to being an independent real estate agent. She has a listing with multiple offers. One offer was labeled as an "escalating offer" They offe...