Gregg Fratto
Borrow down payment to fund a flip
I have 30k in the bank and thinking about borrowing 40k from family member for down pymnt and going to a hard money lender for the 80% purchase price w/100% for rehab costs.Ill use the "borrowed" money from the family...
Shane Mcc
Pros/Cons of Hard Money Lending?
I've been combing through a lot of hard money loan questions people have been asking the past few years and a lot of the questions often come from the perspective of someone trying to obtain a hard money loan. I know ...
Jessica Sorensen
Legal contract needed for private money?
I'm about to start making offers on some properties for my first fix and flip! I have already spoken to some friends and family members about partnering/lending the cash to do the purchase and rehab. Is there a standa...
Tracie Soder
Guidance on primary residence home equity
I have a HUGE amount of equity (over 1 million) in my primary residence. I am in a great position; however, I am not sure what to do and have thought of a few options:Option 1: Keep home and do nothing; however, I wo...
Jen Allen
What are the options?
We need help .....to help a couple we found who will lose their house in 90 days. We'd like to help them and do a deal but I can't think of how it can happen with the way the numbers are....unless there is a solution...
John Lewis
Found the deal. Weighing options on financing.
I'm looking for a little help with my next potential deal. Here's the numbers. Purchase price will be $60k with an ARV of $115k. Rehab costs will run $20-$25k. I currently have a HELOC for $33k on my former primar...
Bo Goebel
TSP Loan to Fund Investment Property
Hey all,I'm looking into pulling a loan out of my TSP account in order to make the down payment on a duplex I just got under contract. A few questions...1. Does the interest rate I pay go back into my TSP account? If ...
Justin Callaway
Financing Idea(s)
I'm a hypothetical type thinker to see how far I can push the envelope. Heres my situation. I'm young (20) and in love with real estate. Moreso with development, but i wanna do redevelopments and rentals first (commer...
Matthew Koch
Finding the support to fund my own deal for sfh into rental!
So my middle credit score is 614 my high is 652 my low is 638.I have to have a 640 for an fha loan and it's looking grim before being able to fund this deal before the end of march. I know I can qualify for that loan ...
Felicia Gossett
Using home equity to buy real estate
I am new to real estate and would like to find a way to get started. I don’t have much money saved and I’m not able to get a loan. I do have a house I bought it 2013 through a foreclosure. I owe around $79000 and It’s...