Katrina P.
Question about POF letter with REO properties (Transactional funding)
I just got off the phone with a Realtor whom I told I have Proof of Funds for a REO property. He asked me was it an FHA loan, and I said "no, it's transactional funding". He didn't know what I was talking about, and...
Tori Applegate
Hard or PMLs in Florida - Recommendations
Hi, So I'm looking to do some rehabs in the panhandle of Florida. I need a lender, preferably, who doesn't have a seasoning time needed on funds. A lot of lenders I've looked at also seem to require 20-30k in the bank...
Amran Musaid
Portfolio of 7 brrrr’s
Recently I came across a deal that will double the the size of my portfolio and will cash flow very nicely for me. I have equity in my current portfolio but my current portfolio loan has a prepayment penalty and don’t...
Daniel Pitta
How legally binding is a promissory note ?
I have a good friend who is a GC and investor here in the DC area. Long story short, he’s able to locate offmarket deals and uses private lenders to help fund the rehab costs, in exchange for a percentage of the profi...
Account Closed
How do I expand my real estate empire past the first rental?
Hey everyone,
I know this is probably a total newbie kind of question, but its something that i think i would find easily but i cant seems to find a subject on it. I currently own 2 homes, one is my main resi...
Summer Shelton
Create an LLC before purchasing first property
I am on the hunt for my first real estate investment. Would you say it's necessary to create an LLC to purchase the property? located in Missouri, St.Louis area
Tom Gunnison
Colorado - Hard Money Mortgage Brokers
Is there a hard money equivalent to the traditional mortgage broker in Colorado e.g., an individual who has relationships with several lenders and shops deals around in order to get the best deal for his/her borrow...
Matthew John
HELOC vs Cash Out Refinance?
Hey guys, In August 2018, I bought a primary residence that met my buying criteria for a BRRRR, but I bought it with a bank loan and they want me to live here for a year. After dealing with closing costs, now I know e...
Megan Lawson
Advice on Financing Options for Next Purchases
Hi. My husband and I have spent the past three years "feeling out" the real estate investment game and are ready to get more serious. We have purchased three different properties in three years - all in different mark...
Ace Kaspar
Refinancing BRRRR Question
When you cash out refinance a BRRRR that has increased in value, how do you go about paying that back and keep pace to cash out and keep BRRRR-ing on to the next?