Brandon Mull
HELOC - Purchase Fully or 20% Down
I am new to investing and new to BP. I live just outside Charlotte, NC. I have an $80,000 HELOC. My goal is to obtain single family rental properties ASAP. I am having trouble deciding between buying the first hom...
Jefferson Smith
One partner with money, the other with credit...fairest split?
Two partners are working on a deal for a small multifamily (under 5 units) and getting a standard mortgage.One partner provides a bit more experience and about 3/4 of the capital. The other partner is securing the lo...
Evan Stamps
Backing out of inspection contingency - prior to inspector coming
Would appreciate some quick help here - I'm under contract and wondering if I can back out during my inspection period prior to even having the licensed inspector come? My contractor walked the property with me yester...
Mike Hartzog
Borrower Accommodations for COVID-19 Impacts
We have some performing loans in the portfolio and have been contacted by a two of our borrowers (so far) who are currently out of work due to COVID-19 lock downs. They are asking about skipping payments until they c...
Evan Parker
No Due Diligence Period - Why?
I may be missing something, but what is the reason to bite on a listing/property offering that explicitly states no diligence? From what I understand about having a due diligence period, even a few days worth, is to u...
Stephen N.
What contingencies do you normally put in your offers?
do you pay someone to inspect the property before you make an offer or do you make the offer subject to inspection?
same thing for termites. do you pay someone to check for termites before you make an offer?
Billy Rogers
1st vacant land DM response - accepts offer but going to auction in 9 days
I received this response from a mailing sent to vacant land owners"Dear Mr. Rogers, thank you so much for your letter, and I would gladly accept your offer, except for the fact that the property is set to be sold a...
Jeff V.
Buy Fix Hold Deal Analysis and Structure
Hello Fellow Investors,So I have a potential deal and curious if I could bounce it off you guys/gals.Here are the numbers:4/2 1600 sq ft. Excellent Neighborhood Plenty of Tenants and quick Rentals at Market RateAsking...
Greg Satter
Looking for Cash Out ReFi Advice
Hi BiggerPockets Forum! In August I pulled the trigger on my first deal using a HELOC. I am looking to refinance prior to the six-month mark so I can pull my cash out and do another deal. Are there ways to do that?...
Dan Johnson
BRRRR refinance commercial vs residential
Closing Date: 10/5/2018Rehab period: 10/15/2018- Jan 31, 20194 unit rental property which will be held as long term rental propertyPurchase price: $79,000 using a commercial 5 yr loan amortized over 25 years w/ 15% do...