David Pittman
Becoming a Mortgage lender
Good afternoon BP Community!I am a partner in a General Contracting business building new Custom and Production homes. We are in a small town outside of Houston that is one of the fastest growing areas in the greater ...
James Kandasamy
The missing print in Hard Money Lenders Ad
BPers, Not all hard money lenders cost structures are the same. From my experience of working with 3 different hard money lenders , I have discovered a key hidden cost structure that only a few...
Holly Hudson
Commercial Pre Approval
HI! There is a property that I am very interested in and would like to view. It has 5 housing units and some rv pads. The owners are requiring pre-approval in order to even schedule a viewing. I have never purchase...
Jim K.
Historical lending question
I'm not even sure how to looking it up, so I'll ask the community. When did the shape of the current lending status of small multifamily begin to exist, that is, what year and in what legislation did the federal gover...
Paul Xiong
HELP WITH LOAN OFFICER
HI I am a travel nurse who make about 86000 was told by my loan officer that because I am technically a contract based employment that she couldn't help us for another 2 years. Is there anyone here who can help us get...
Michael Mudrey
Typical commercial terms?
Hey All,
After a few successful single family, I’m going to be making an offer on a small multi family (7 units) next.
My question: What rates / terms should I use when running the numbers? I’ve run a few scenarios ...
Mel Hayes
Self Directed IRA My Mind Is Spinning
Hey BP, So I'm looking into how to lend on deals and fund my own deals with my IRA. Currently my IRA is under JP Morgan. I called them and asked the naive question of how can I fund real estate investments using my ...
Donald Williams
A question about double closing on Real Estate
I have a property under a purchase contract in the name of my LLC for $35,000. I put in some sweat equity and had some rooms painted and landscaping. I have buyers interested in the property and the selling price is $...
Jeremy Rotert
Delayed Financing Exception
Listened to Podcast again 233 last week, with Arianne Lemire. I am interested to learn more about this strategy. Can someone explain to me in greater detail how this works? What are the requirements? Can it be done wi...
Account Closed
Three Rentals - Three Problems
Ok I just wanted to make a catchy title but I do have three problems, Well more like good problems to have...I have three condos in Las Vegas that are all paid off in cash. They are worth around 75k.My problem is this...