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Hello,
I have been investing in the Belleville IL area for about 4 years and have had reasonable success. I have accumulated 6 rental properties which are generating income, and done about 8 flips that sell in the 7...
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We are working to close on our first deal and have a private money lender to fund that deal, friends of the family. We are going to split the profits. I want to make sure we do the structure and expectation correctl...
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I am currently in the process of doing my fifth BRRRR and have met an obstacle. I was able to save up enough to do this on my own and do the BRRRR process for my first few rental properties. I was able to buy the prop...
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Hi fellow BP members,I am currently working to secure a fix and flip. I have gotten a couple of quotes that are up to 200k in repairs. I am considering on doing some of the work myself to increase my profit margins...
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I am new here and I am looking for a short brief description about how a private/hard money loan works from start to closing (typical process)...this might be helpful for both private parties that are interested in le...
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Hey all,
My husband and I have been wanting to get into acquiring rental properties. Here’s a scenario that we’re looking at and have a few questions about since it’s out first!
it’s an outdated wholesale duplex pr...
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What have your experiences been like for each loan type? When doing private loans, what kind of interest % are you usually offering to pay? Lastly, what kind of calculators do you use to determine total interest owed ...
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Hi,
I am shopping for a 30 years fixed mortgage and my credit score falls couple points below the "excellent" range. it's only because I had a $56 collection back 6 years ago, which I was due to a move and paid in fu...
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I currently have four doors that I have bought with a variety of methods, BRRR, hard money, seller financing, construction loan. I have come up with the down payment for each of these and I am completely tapped. (HELO...
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Hey folks, bit stuck on this deal and would appreciate any advice.
Purchase price: 60k
ARV: 80k
Rental: 1450/month
Property tax: 166
Vacancy: 7%
Capex: 5%
Maintenance & repair: 5%
Utilities: $150/month
Insuranc...