Dear BiggerPockets community,Presently I've been financing flips/rehabs through a secured line of credit.The current lending agreement allows me to borrow up to around $325,000 and my bank will allow me to use this mo...
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Hello Bigger Pockets World. I have done my research, read the books, and even helped manage my parents rental properties. My next step is to work on getting an actual deal together!!! I've come to these forums for som...
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Hey folks,Have an opportunity for a very exciting deal but would some love some input from the creative financing crowd to help optimize it/make it work.Long story short, I have an opportunity to purchase a 32-unit co...
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Basically, they have seen me work really hard to come up with money for my own deals, when I first began doing flipping, I would ask them to join in and we would share the profits, because I needed lots of money, b...
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My brother went thru a hard divorce leaving him with no assets at 47yrs old. He’s a blue collar worker making about 55k in Baytown Tx. He’s never bought a home so he is still eligible for an FHA. Our thought process i...
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Hi BP community! I'm looking for professional advice from an accountant or tax specialist on how to minimize capital gains tax on a somewhat complicated triplex deal that I purchased 2 years ago in Windsor, Ontario. H...
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Hello, I have two questions - hoping some of you may have advice based on experience.I am intending to team up with a coworker who plans to pay for the rehab costs of a BRRRR strategy as I pay for the down payment. We...
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I was wondering is there a way to wholesale or assign over land contracts... if so how do you go about doing it??..would it be the same as assigning a purchase agreement??
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I know this is probably a terribly stupid question, but I was not pleased when I saw that escrow on a $96.5k loan was nearly the principle; like $3xx and change! Thats crazy!
So what exactly is escrow, and why do I ha...
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BP,I am trying to finance a 4-unit deal using a money partner who will provide the down payment and closing costs for the purchase in return for 50% of the cash flow and 50% of the equity. I will secure the financing...