Viviane Long
Looking for insight
Hello everyone,This is my first time posting on BiggerPockets. I am a fairly new investor (own only 1 rental) and just came upon a nice deal, but wanted some insight from the more experience investors here.I found a ...
John King
Important Financial Statements
Hi Guys,
When seeking financing, whether it be from a bank or private lender, what types of financial statements should be presented to show the lender professionalism and that due-diligence has been thorough...
Michael Ramzy
Can someone takeover someone else's mortgage?
Hi, this is interesting! I'm trying to use some creative Financing, so I wonder can someone takeover someone else's mortgage? I mean for example; I bought my property last year for $100,000 and I put down $25,000 down...
Jack Zhuang
Is 5% interest on seller financing a decent rate?
The seller is offering 20% down, 5% interest rate, 25 years amortization, ballon payment due on 7 or 10 years (negotiable), and due on sale.Asking price $750k. Location: SoCal. Property type: commercialConsidering the...
Richard Z.
Passive income for passive partners of flipping project
Its LLC entity, will issue K-1 for each partners.
Passive income for passive partners - Should it be categorized as ordinary income just as the active partner, or should be short term capital gain? The project is a f...
Lacee Beitler
Using a HELOC?
Hi Everyone! Happy Friday!
Question about a HELOC:
My husband and I currently own 2 duplexes and have a triplex under contract. We are using a conventional loan to cover 80% of the deal. For the remaining 20% + cl...
Rada Vassileva
Are private lenders less strict than the banks?
Hi guys, this is a general question: Are private lenders less strict than the banks in regards to their loan requirements?
Hoa Nguyen
Does my brokerage need to be involved? Owner Finance Deal
Hey everyone! Quick question to my agents and brokers out there. I am currently working out an FSBO owner financing deal with an investor friend of mine. As an agent, does my brokerage need to be involved? I've heard ...
Marc Scherzinger
House about to go into foreclosure
Hi everyone, I am from Yakima,WA and new to investing and to BP. I came across a deal and don't know if it is good. I spoke with a guy who has a house and he has not been making his mortgage payments. He does not h...
Dylan Nicks
How is repaying Private investing possible.
Hi I'm new to real estate and I just learned about private investing. While it seems like a quick way to fund projects, I do not understand how the loans can be paid off unless you are strictly flipping the house. For...