Michael Behr
How to fund deal
Hello,
I found a multi unit property. I have about 20% down payment. I’m now being told it will likely be 25%. My credit score is 780+. What’s the best way to fund this deal? I’d like to use as little as my money as...
Jeremy Karja
Should I use my IRA or Heloc for my first deal?
I have about an equal amount of cash I can get from the equity in my home and my IRA. I live in Minnesota. Which should I start with and why? My goal is duplex, triplex, fourplex to generate good cashflow as I rin...
Shane Elias-Calles
Fixed Rate Home Equity Loans
Hello BP,Does anyone have experience using a fixed rate home equity loan on a primary residence to purchase more property? If so does anyone have an opinion on the risk reward of this strategy? Would it be worth taki...
Marvin Scott Butler
What my best option ?
Hi, I’m in the Tampa Bay Area and I’m looking to purchase another property. I was looking to do a HELOC on my primary residence to fund my purchase. I need some advice is this a good strategy or should I rent my hous...
Daniel Soovajian
BRRRR seasoning period with all cash purchase?
If I purchase a property and pay for all the rehab with cash, will a bank will require a 6-12 month seasoning period before they will be willing to offer a conventional loan on that property?Or does the seasoning peri...
Edward Beard
Wholesaling REO & Using Transactional Funding
I placed an offer (through a Realtor) on a REO today. The proof of funds letter I had was from a Transactional Funding lender. The realtor was confused on how to write up the offer because I was using Transactional Fu...
Armand P.
Private money lender
Hello,
I spoke to an investor/wholesaler who purchased a flip property in Texas sept of 2023 and didn’t have the funds at the time to get begin rehabbing. He is looking to borrow $50k with 10% interest. He already h...
Tony H.
Bonds for Security Deposit in Michigan
I was interested in buying a surety bond to cover my security deposits and was wondering if I need to purchase a bond for each security deposit or can I purchase 1 bond to cover say 5 rental security deposits. I have...
Angie Menegay
(Yet Another :-) SDIRA LLC Prohibited Transaction Question
Hi experts,
There is a property I'd like to purchase (for sentimental reasons) to live in in about ~5-8 years. Due to the current high mortgage rates and low rental rates in the area, it will bleed me alive if I purc...
Wade Stahle
assigning contract without "and/or assigns"
I have my purchase agreement contract. I was planning on doing a double close. I am no looking to assign that contract. The contract doesn't include "and or assigns", can it still be assigned? Also does the assignment...