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I am new to the BRRR process and I am trying to wrap my head around how hard money loans work. My questions are; Does the money pay for the property and the rehab costs? Do I put a down payment down? And if so, doe...
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Hi,Does anyone know of any institutions or private investors who provide the above?As well as supply a proof of funds letter?Thanks in advance
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I'm considering a JV partner on some upcoming projects, and have not partnered with anyone outside of my circle of contacts before, so some advice on how to go about this would be great!
Normally I fund a fli...
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Whats up BP, I want to make an offer on a few REOs with my realtor but I don't have enough money in my bank account to cover the proof of funds. Is there a website that I can go to to get one or I should just contact ...
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I recently got pre-approved for a conventional bank loan to purchase my 1st REI property . I was limited to the cost amount on a property I can purchase from their assessment from my financial history. However, for my...
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I’m curious to know how you funded your flip deals, especially the first flip (or first few) as you’re getting started??I found a single family home that I’m interested in as a flip. I have equity in my primary reside...
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Hi everyone,I need help and I don't really know what to do. I have to close on Tuesday and i need 12k for closing and 50k for rehab and I have reached out to a private lender to lend me the entire amount and now I a...
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I have three rental properties each with a high amount of equity that I plan to tap with HELOCs (both as a source of funding and for the equity stripping asset protection). I'm analyzing some potential flips on the s...
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I have a question about how to use private money. When you make a cash offer on an reo you have to show proof of funds. How do you do this if your going to use a private money loan? Do you disclose your lender and sh...
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My wife and I are selling one property to purchase another. We were doing a bridge loan to secure the property prior to selling our current property. Now we are being told that the funds from the bridge loan will not ...