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Hey! For anyone looking at private hard money loans be very careful! Here are some things to consider.
1. Also search for reviews or get references.
2. Don't wire "upfront/deposit money to a lender EVER.....serio...
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I have about 2.5mm in liquid assets I can loan out, might be closer to 3.5 or 4 in the next couple years. I want to work alone (not run a consortium/partnership). My background is in banking, finance, analytics, and c...
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First off, thanks for any replies in advance, as this is my first BP post!So I still have my first primary home that I was fortunate to have bought in 2013 (bottom of the Fairfield County CT market by rough estimates)...
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I bought a owner occupied a 4plex. I live in the 2bed 2bath the rest are 1bed 1bath. Rents are unit 2 $550 unit 3 $600 and unit 4 $600. The are comps are $725 to $908. Units 2 and four lease has expired the end of the...
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Hi BP Community,This year in June I purchased my first buy and hold property - a duplex. I know that it is important to have cash reserves set aside for unexpected issues that may arise with the property. However, sho...
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Hey everyone,
If you had hypothetically around 85,000 cash would you use hard money for your flips or just use cash to avoid the inspection costs with appraisal,points,and loan carrying costs??
I like the idea of ha...
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There are about five houses about to post to MLS from an estate per one of my Realtors. They are going to be sold separately at what I can imagine won’t be a good deal. I think together they have potential as the co...
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Hello BPers!I have a few long term rentals, but am thinking of buying a SFH to use as a short-term rental. Does anyone in this community have any experience with this? If so, what neighborhoods have you found to be be...
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I recently bought a building with pre existing tenants. Many of the units have multiple signers on the lease. When tenants move and I return security deposits, should I divide the deposit equally among the tenants a...
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Hi BP,
Hoping to get some feedback on this, as this stage of planning is crucial to my strategy and the source of many headaches… Sorry this post is so long.
First, I am guessing the reason targets are still on th...