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New to the community here. Medium sized flipper here out of Minneapolis doing between 40-50 deals per year. Looking for insight into borrowing money to cover down payments and floating capital between renovation draws...
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I just bought my first property I am working with a lawyer charging $260 / hour. I have no idea what the standard rate is for these services ism particularly in Ohio, so if someone can provide some input here it would...
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I have a friend that is willing to lend me money for a down payment for my first investment property. My strategy is to buy a house through a short sale, rent it out for two years, then sell the house. I have no ide...
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I’m having trouble being competitive with other real estate investors who have all cash. I’m trying to look more competitive so my offers will be excepted. Has anyone ever written a deal that says that they will pay t...
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When you’re deciding whether to lend to someone, what do you look at first? Is it their credit score, their track record with loans, or the investment they’re trying to fund? Do you rely more on the deal itself or the...
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My lender is requesting a CPA comfort letter. Has any had experience with a lender requesting this type of document from their CPA? Has your CPA been reluctant to provide such a document due to the perceived liabilit...
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Background, I'm 29 and relatively new to investing. I recently did a live in flip on my primary and cash out refinanced to fund my future long term investment properties. I was able to pull approx. 70k cash out to use...
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Hey BP friends - I am interested in purchasing a property that needs some work and want to add more sq ft. I am taking to a hard money lender, who will fund the purchase and renovation cost at 10% down payment. Points...
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So as I was reading the forums where hard money lenders were being researched, a thought struck me. I am a high earner and have maybe $150k extra cash per year to invest. If I were to use that cash to invest in buying...
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Does any bank here do this? I’ve sat down with half a dozen+ smaller banks in Louisville and not one has indicated that they could do a 30 year am in any capacity if the property was anything other than a single famil...