S Harper
How to roll rep. cost into rental property loan?
We are making an offer on a lender owned property that will need 15-20k in repairs. We are planning on doing most of the work ourselves. We are bidding 10K below sales price (it has been on the market for many month...
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High-Risk Notes? Is there such a thing?
I'm looking to learn more about and maybe get involved in notes. What I'm wondering is, do most individuals who buy notes look for notes on local properties, or do they not care where the property itself is?
Also, d...
Regina Mccune
Help!!!! Need some good advice about interest only mortgage
My sister is about to enter into an interest only loan. I don't know thing one about these kinds of loans. My gut tells me that it's a BAD idea. CAn I get some help please.
Chris Welch
Scenario Advice
Hi BP team!
I'm a prospective borrower looking for money for a fix-and-hold project I'm working on. No one in my network who could lend me money is really experienced either so I want to offer them some ter...
Michael Dombrowski
Beginner question
Hello,
Not sure if this belongs in this section in this forum, but here goes a shot. A few buddies and I have been inquiring with banks about how to obtain money to form an LLC to buy and hold properties long term. ...
Jon Frederickson
Getting Started With 40+ Units...
Hi, I'm from the greater Seattle/Tacoma, WA area and I've been managing medium sized properties through multi-year renovations in the south end (Federal Way, Fife and Tacoma) for the past 6+ years. At this point, I'm...
John S.
Your thoughts on my numbers
I'd like to hear other opinions on this...I'm debating if I should cash in on my 3 flat in downtown Wheaton, IL. Any thoughts out there? In March 2018 I completed a three year battle with the City of Wheaton (this u...
Adam Allard
Purchase occupied duplex with hard money and immediately refi
I have my eye on a great deal, but the seller isn't willing to wait for conventional lending. This duplex is currently being rented out, so I'd imagine that it would qualify for conventional lending in as-is condition...
Calvin Strain
How do you run YOUR numbers?
What is the formula you use to run your numbers on a flip? I was recently listening to a BP podcast and Brandon talked about how every property has a number. How do you calculate your number?
Scott Long
Valuable property
I have found a gem located in St. Louis, MO!The owner is asking $175,000 because they don't want realtor commission to cut into their profit. They are willing to go down to around $150,000 for a cash buyer. I viewed t...