Larry K.
How do you put a friend in first position as a private lender?
How does this exactly work? What does the agreement look like? What does it say? Do you need an attorney to write it? Does the SEC need to be involved?
Scenario would be a friend and I agree to go in on a deal to...
Shawn Reisner
Apartment complex seems too good to be true. What am I missing?
Hi! I'm looking for my first investment property! I found a 6 unit apartment complex that consists of a building with 2 units next to a building with 4 units. All 6 units are rented out already for a total of $3545...
Kris Haskins
USDA short sale deal falling apart, NEED HELP !?!?? SOS
Hey BP Fam, I have an approved short sale with USDA, the letter states they will accept my offer and it has the net amount on the letter. The seller is worried the IRS will count the difference between the sales pric...
Carrie Hallensleben
Perhaps a ridiculous question about seller financing
Hello fellow BPers,We currently own 3 investment properties and just assumed a VA loan after a lease to buy option with the seller for our current primary residence. That was kind of a nightmare but it finally is all ...
Pablo Espin
How to buy property from father
I would like some thoughts/assistance on what to do with a scenario that I am currently facing. My father has a house located in Ft Lauderdale, about 10 minutes from airport and close to Las Olas and Hard Rock hotel. ...
Matt Lewin
Newbie to the real estate game
Hello, my name is Matt and I'm still new to the real estate game. I start learning about real estate about 2 years ago when I started a new job which led me to my mentor. I started with Rich Dad Poor Dad, Think and Gr...
John Payne
Tricky question about a 1031 with immediate seller financing
Scenario: John is an older investor looking to fund his passive cash flow while getting out of his real estate investments and Susie is a young energetic investor that is just getting started with all the knowledge sh...
Ulises Romero
How To structure deal with private lender
Apart from Hard Money lenders, I've been working to find my own private lender. He's interested and now we've reached a point to discuss payment. Do I offer just a flat percentage return after 90days? How are you stru...
Rich Weese
Phase 2 Of buying Larger Properties
Follow up to original post on buying Larger properties. I hope you enjoy, and feel free to add your thoughts or questions. Rich
http://www.biggerpockets.com/blogs/575/blog_posts/2615
Leland S.
What's a current typical hard money rate?
I've got a deal I'm under contract for with a hard money lender providing 12% annual and 3pts on up to 75% of ARV. This sounded like a standard rate so I was going to apply. Just curious if this is agreeable. Any gotc...