Jason Hodges
Leveraging debt the right way
I have 25k in the bank and have 12K on my busIness credit card from a rental I just fixed. I currently have 4 properties that are giving me a good cash flow return.
Should I pay off the 12k or just pay the minimum...
Russell Zuck
Private Money: Definition of Terms
I'm probably overthinking this but I'm trained as an engineer so there is precedent for this kind of behavior.I've read a bunch of descriptions of private money lending and I want to make sure I understand the details...
Jesse Martin
The private money deal on paper
I'm looking to raise money through private funding. Some to have ready, and some per deal. When working the deal with the private lender, how are most of you breaking it down. Let's say you're requesting $100,000 l...
Juan Aguirre
Should I pay more for Seller Finance???????
Hey BP members im coming along my real estate journey and was able to successfully attain my first House Hack (ill post the story soon). This transaction brought me a lead to a motivated seller, that wants to do selle...
Brett Wagner
Turning partners note into a long term one
Hi. I have a question about working with a partner to change the terms of a note. Here’s the details:Purchased a SFH with partners money, $50,000 purchase price, $30,000 rehab money for a total of $80,000. The terms ...
Jacob Sloop
Strategies for high Interest Rates?? REFI? Numbers don't add UP!
Hi All,-Looking for advice and to start a conversation with you experienced operators on here about strategy moving forward around these high rates! Including refinances...yikes-Seeing that multifamily projects usuall...
Annwar Matani
How do Hard Money Loans work?
Hi everyoneCan someone explain to me from start to finish how does a HML work? I always get scared when someone suggests HMLs... I literally think of loan sharks or getting your house or assets taken away from you whe...
Tri Phung
3 properties in LLC....seperate bank accounts?
Hey there BP members! I just started a LLC last year and have since put 3 proeprties in the LLC. Should I open 3 separate bank accounts for these proeprties all in the LLC name or is it ok to keep all rents and expe...
Spencer Harvey
HELOC , Home equity, or refinance advice
Hello,I am looking for input on the best way to finance my next rental property. I currently own 2 rentals; one with 20% down ($45k) and the other with 25% down ($50k)...both properties have a conventional mortgage fo...
Jon Huber
I have a HELOC, and recovered my cash... do I pay it off or reinvest?
I am an advocate of the BRRRR Method, and I have put this into action this year. I took out a HELOC last year, and got a great rate and am paying interest only for ten years. I used that HELOC to purchase two great ca...