Say I have to do a transactional closing and my mother is going to provide the line of credit or proof of funds letter. In the transaction, does any of her money ACTUALLY get used or is it all just paperwork on the d...
hello BP community. Wanted some advise on the fha loan in Denver, co. This would be my first property I buy, I like the 3.5 percent down payment. Originally I wanted to invest down south but know I'm thinking of stayi...
I am curious what is an "investor friendly" agent? Why would someone not want to work with investors? How would this transaction be so different from more of a traditional purchase or sell?
Has anyone implemented additional streams of income in short term rental properties that add to your existing source of primary income from them? E.g vending machine (luxury food/drink items etc). Any brainstorming id...
I am looking to purchase a STR in the Orlando area - timeline TBD. While talking with my other investor we have discussed trying to self manage the property. We are not in the area at all - several states away. Are...
Hey, I’m looking to buy my first rental property in Chicago where I live now.. Is there anyone who has done the 203k loan in Chicago? If so could you please reach out to me with the lenders who are familiar with the 2...
Hello Everyone!
My name is Jay and just like many of you in here, I'm just scratching the surface. After educating myself and reading three real estate books, I've decided to move myself from the reading and take the...
Hi All,I'm considering a HELOC to help with a small portion of a down payment on a property. However, if I do move forward and take out a HELOC and then turnaround a week later and apply for a mortgage loan, won't I g...
Hello forum,
My company recently recieved a contract with a devoloper of a 4 star Condo-Hotel projectin Orlando,FL. The buyer incentives include a 2-year "Master Lease" (lease-back) program, that guarentee's 2 years...
Good Morning,I was doing some reading last night on various ways to get financing for properties ,a nd I came across a comparison of Getting a bank Loan vs a MortgageIt seems that a Bank Loan is the preferred method f...