Jason Malabute
should you take a personal loan to invest in someone else's deal
I have heard several people ask if it is good to get a personal or business loan to invest in somebody’s syndication deal. Even if you are investing with a trustworthy syndicator, I will explain why taking a loan to i...
Carlton Wood
203k for house hacking?
Hello all....new to BP. i am in the education phase of my real estate investing journey. Has any had success in getting into a house hacking situation in NJ using a 203k (or any other renovation loan)?
Ben Feder
Is it profitable to buy real estate that needs no improvement?
What if you decide to buy an apartment building that's already profitable, running fine, structurally and cosmetically up to date, and has good management? If you buy that type of apartment, or any other type of real ...
Jessica B.
Helping a nonprofit refinance a bond or create an entity
This particular nonprofit is paying 8% on 2.5mil loan for a building. The building is worth far more than 2.5mil given it's new zoning and location in Portland. If I had to guess the building is worth at least 10mil. ...
Steve Fagiano
Home equity loan
So looking for some guidance. This is going to be my first investment property. Looking at smaller town homes in the area. Around 100-175k. Started dealing with a lender and mentioned a home equity loan since it is a ...
Lisa Hall
HELP! Flagged in UNDERWRITING & Now Owner of Private Mortgage Will Not Reply! HELP!!
ANY advice would be VERY appreciated! 2 Issues:I am in UNDERWRITING and now they are asking for CLEARED CHECKS from a private mortgage - Years of History of the Owner Cashing Multiple Checks at One Time - AND the Loan...
Anthony Lewis
Hard money fees please help
I got a hard money loan from a well known lender in my area.He says i need 12000 down i said ok. 3 days before closing he adds another 7500 for his fees. The lady who works for him could not believe it. I got the loan...
J. Pablo Fernández
I called the bank to get a mortgage, it was an odd experience
Hello,
I have a company, an LLC, that has owned a property for 5 years, which has been cashflowing for 5 years, and appreciated in value a lot during that time. I was using Bank of America as my bank, so they can see...
Michael Ede
Is this Hard Money Lender as Dodgy as He Seems?
Will try not to waste people’s time with unnecessary details. Basically, I am embarking on a project where I am entitled to 50% of the property, and I am needing to use hard money to borrow fix-up costs to get the pro...
Jeffrey A.
Should I use a HELOC for first my first flip or find other means?
I'm new to real estate investing and Im looking to flip my first home. I have a relative that has some flipping experience (2 successful flips) kind of mentoring me along. He has used hard money as well as a line of c...