Courtney Nguyen
What is the legal limit on interest rate (over Federal Reserve rate) for private loan
Hi BP community,
So I heard interest rate on private loan can only be 10% over Federal Reserve rate, is that true?
For example, as of now 3/20/2023 the Federal Reserve interest rate is 4.5% - 4.75%. Let say our hol...
Charlie Cremona
Looking to buy first Multi Fam in Jersey City/West NY
Hi Bigger pockets my name is Charlie and Im a real estate newbie, my wife and I are looking to invest in our first buy and hold multi family home in the Jersey City, West NY or Union City part of New Jersey.
We have...
Kelly Gilson
Raising the money [Apartment down payment]
Just curious, where do you find money for the down payment on apartments? Do you find most of it through private parties or are there companies that they can go to? Any recommendations?Any advice is appreciated. Thank...
Marc Weisi
Co-Signer Required to Live in Property for Owner-Occ FHA Loan
I recently spoke with my lender about options for obtaining an FHA 203k loan on a multi-family here in NJ. Since I'm partnering with someone, my lender stated that FHA owner-occupied loans require both signers on the ...
John Story
Proof of funds for apartment purchases?
Is it typical for the seller or his agent to require proof of funds just to look at the property. I have came across this several times recently. I'm looking at 12 to 40 unit properties. I will raise private capital...
Jennifer Niez
Does a 1031 require new debit?
Does a 1031 exchange require new debit or can the up leg be purchased with exchange money and supplemented with cash? If new debt is required, can a seller carry or private money be used?Thanks in advance for any insi...
Reuben Royal
Private Money Question
Ok so I've recently found someone who would like to invest some money in real estate, he said he has about $21,000 to invest. My question is how do I put this to work most effectively? From the deals I've run into, th...
Jerilyn D.
Important Questions For Real Estate Attorney
Hi Fellow BP'ers!
I am relatively new to this site, new to investing, and new to the state of Georgia (Can I be ANY greener? Lol!). I sold real estate for many years in California, and am licensed here in...
Sonja Hunter
Are there still cities with profitable farm areas?
Finished reading J Scott's book "The Book on Flipping Houses" and am curious about the parameters he set for finding your farm area. I've looked around a bit and talked to close to 20 agents and I've found that most c...
Drew Vukov
How many investment properties with a partner?
How many investment properties can I hold with a mortgage when I have an investment partner?
I have a one owner occupied duplex and my partner has his own single family home. Our main goal is cash flow. I fig...