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Hey everyone I do not do residential anymore. A family member is buying a house with 10% down. Their parents are giving 5% down but because it's a conventional loan they are putting down 5%. Conventional only allow...
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So let's say I have $X to lend. I've been happily lending it out at 10% with no points. (And no, I'm not looking for new borrowers at this time.)If a friend has his own lending business, where he is lending at 12% + 4...
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Hello to all, My name is Matthew and I am brand new to bigger pockets. I am very excited to be a part of this community it seems as though there is an endless amount of info on this site. A little about my self, my ...
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ok im not quite sure if anyone other than an attorney can answer this question but Ill give it a shot and see what responses I get.I have been doing business with a local credit union in my area for a couple years now...
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So the title of this thread is based on the fact that I'm a new investor and it's quite probable that these arent't new strategies. My fiancé and I met with a hard money lender this afternoon and two things came out o...
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What is the difference between different intermediaries or how would you evaluate them assuming basic conditions are met (timely communication, can complete transaction within IRS deadlines and not a crook). Im tryin...
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Hi BP,
Can I get copy of an operating agreement as an example? I’m looking to invest with a friend of mine an we want to set things straight from the get go.
If there are examples on here already. Just direct me to ...
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I am about 65 and thinking of retiring in about a year. I have in the last year bought one house and one duplex (60K and 30K) ($850 rent and $350x2 rent) ( I presently like my property manager.). I have about a mil...
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Hello, I'm in the stage of figuring out where my money is going. When I hear people say, "Live off 50% of your income, invest/save the rest" how would I calculate that amount? I know the difference between GROSS and ...
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Hello good folks of BP,My wife and I will be closing on our first owner-occupied rental property (duplex) in May 2019 and I'm trying to do as much up front leg work as possible to prepare for us being new landlords. ...