Michael P.
Hard Money ONLY used WHY? Please Explain
I am currently running the numbers to try truly grasp, why hard money over conventional loan.Besides credit and things like that, why Hard Money?Most HM will lend up to 75% of Purchase price, or is it 75% of ARV? Bec...
Jorge Leon Jr
Snowball affect best route single home rentals
I am new here and want to hear some opinionsMy goal is 100 rentals single family homes in 10 years looking at a 8-10% ROI after factoring in a 40% cost factor (vacancies, repairs, etc) My example is (12 months of a 12...
Eric Stanley
Seeking Owner Financing Recommendations on Commercial Property
I'm a dentist looking to buy a dental office. What terms would I ask for in owner finance deal? I'd like to offer a balloon payment at a year, but make payments for the first year. Thanks
Dwight Crocker
22k House with Owner Finance Offer
I just wanted to share an offer I had from a seller. The total sales price is $22,000 which is a fair deal for this small town in northeast Texas. Down payment is $2,200 with payments of $348.45 for 10 years. I ass...
Jim Webster
800+ Credit Score but Only Qualify for Low Loan Amount.
My wife and I both have 800+ credit scores (thanks Dave Ramsey). No debt besides a mortgage for less than 50% of our $300+K primary residence. (Thank again Dave) $90K combined income. Recently caught the REI bug a...
Malachi Hoots
Best Multifamily lenders?
I’m trying to buy a 4plex, but one of the units needs finishing inside to be rented. The seller priced it finished or as-is. The only lender I can find that will finance it as-is is a local community bank in the area ...
Isamar Ochoa
Low DP options for a $1.5M home in the Bay Area to househack!
Hi BP Fam,Just wondering if anyone can help send me the right direction. I'm ready to make my next home my primary residence to qualify for low DP programs (ideally 0% DP). I've heard that some programs have a price l...
Anthony Terrones
Should I SELL or HOLD?
Hi BP'ers! I purchased a home with the original intent of it being a long-term investment in October, 2020 in the Boise, ID area. We've seen insane gains in the past handful of months. My wife and I are in the proces...
Victoria Monahan
Conventional 20% down or private loan
Hello BP members. I have read every BP article that comes my way and can't get my hands on enough real estate books. It's been my obsession for the past 2 years. We recently purchased a 2-family home in NY (long is...
Constance Kang
Financing Question, How to Get the Other 80%
Hi there, I'm new here; I have been thinking about entering real estate for years, and finally saved enough money to build a portfolio of rentals. I'm interested in multifamily units 5+.What's the next step after gett...