Don Konipol
Wrap Around Mortgage Success
We just sold a retail/service center we owned utilizing a wrap around mortgage. We bought the place 4 years ago for about $1.3 million with a $650000 new first, 15 year at 4% fixed (btw, no personal guarantee on the ...
Ross Wendt
Rehab without a GC in Florida
Hello all, I am a long time lurker of the BP forums, but first time poster. I tried looking around for information on my question, but haven't been able to find a suitable answer. I have faith that the BP community ...
Deepak Bhosale
Detached ADU pros/cons in bay area
Hi,I am evaluating whether building a detached ADU (1 bed/1 bath 500 sq ft) on my property is a good idea in bay area (Santa Clara).Talking to realtor and appraiser, it is clear that detached ADU won't appraise to the...
Dabvis Le Sutton
Financing first deal
Good Morning BP,I just got pre approved for financing my first rental at 70k. Originally the down payment required from lender was 5% but now they require 20% which take it from 3500 to 14k. If I put 14k my reserves w...
Reno Che
Seller financing balloon payment, need help structuring deal
My friend is selling their property, its a townhouse rental. It will be an off market deal and I was considering doing seller financing because then I wont need to put 15-20% down as i would from a bank. I am trying t...
Mark A. Roberts
Probate property / inherited
Hey BP family, I lost my mom and recently went through probate and received her house. Is there a way that I can keep the interest rate as is and sub-to it to my LLC? Interest rate currently (4.25%) owes 43k on the mo...
Gina S.
Commercial property needs repair- how to finance/ buy?
I’m new to commercial financing. I am interested in this commercial property that requires some repairs but the owner wants cash / hard/ private finance. I am assuming someone tried to purchase it but finance didn’t ...
Kyle Soderman
Cash-out refinance
I have a quick question that I have not be entirely sure on. When someone does a cash-out refinance, do they essentially get cash into their bank account from their equity? Or is it more like a line of credit? For Exa...
Rebekah Martin
Don't Fight Over Money
The Psychology of Money by Morgan Housel
This book clearly describes our drastic use of and thoughts on money.
Take this into consideration when you are investing, when you are looking to partner or when speaking to...
Viktor Zguro
Looking to invest in West Hartford CT
I found a property for sale in West Hartford. It’s a 3 unit building with 3 bedrooms and 1 bath on each floor. Each unit is about 1500 sq f. The rents are strong and it’s a few streets away from the busy Farmington Av...