Jonah Simmons
Question about the brrrr method from a Canadian
They make it sound so easy in the podcast. "Get a hard money loan, then just refinance that bitch and cash out! Easy peasy!" Here in Canada you usually can only refinance 80% of the appraised value. So you'd have to b...
Account Closed
A twist on Leverage v Cash. I know, I know, but... hear me out
An age old debate, but… with a twistHello BP, I am new here so 1st off, hello! I’m hoping to get a little advice. Well, in a round about way.This is a hypothetical (and over simplified) question with relative numbers....
Angelique F.
Private money 30 year fixed, prepayment penalty?
Hi,Im considering taking a 30 year fixed private money loan and wondered, do all or most private lenders penalize you for paying off the 30 year loan early? I may want to refinance after one or two years because the ...
Ryan Guffey
How to find and finance foreclosure for primary or live in flip?
Hello,Me and my SO may be separating and idk what would happen to my current house, either one of us would keep it, or sell and split it, and if we do i was thinking about looking for a foreclosure for my primary resi...
Michael Vasquez
How do I finance a foreclosure home??? PLZ HELP!!!
Hello everyone, so I been window shopping, so to speak and I found a really nice property in a good neighborhood that I am familiar with. It's a foreclosure on sale for $12,000. I'm completely new to real estate so ...
Clint Harris
Poll, what is your acceptable Cap rate?
Interested in hearing what different people have to say. I’m currently evaluating a triplex in Wilmington North Carolina, Gross rent multiplier is 8.1, net income after financing is solid, Cap Rate is at 6%. But that ...
Jordan Davis
Air BNB Financing Methods
Hey guys! My name is Jordan and I have actually have been doing STR on AirBnB using the rental arbitrage method with great success. I am happy to have done it and I am happy to scale!Speaking of scaling, I am reaching...
Tim Addai
Best ways to collect rent
Hello BP family, what have you found to be the best way to collect rent? I'm closing on my first deal soon and currently some of the tenants have paid cash through PayNearMe. But that service is not available to sole ...
Marco Santana
Seller Financing Refi out
Hi BP group,I am interested in seller-financed deals, and I have two questions you might be able to help with:1) Is it possible to refinance a seller-financed property through a bank or other traditional lenders?2) Wh...
Benjamin Allen
I want to use commercial loans for multi-families is this good?
I have been finding issues with being able to get a residential loan due to my DTI ratio being close to 41%, with commercial lending can I avoid this qualification? If I decide to use this type of lending what other t...