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Every homeowner understands the difference between their mortgage and the equity they have in their home but when it comes to commercial real estate transactions, the difference between equity, preferred equity, mezza...
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Dear Bigger Pockets community,The Situation: I have contacted an out of town property owner in Pennsylvania who is willing to give the property away if I take on the back taxes. Even with a rehab the ARV would be low ...
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I posted this in the "General Discussion" forum originally before I realized this one existed.I am a first-time homebuyer in Austin, TX. I am interested in getting creative in this hot market and purchasing a foreclo...
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Hello all! This might seem like a silly question, but all of the number crunching that happened during tonight's webinar (which was fantastic!) had my head spinning. Can you be successful at this if you're not good wi...
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Hi BiggerPockets Members!My name is Allie and I am just started to gather all of the information needed to get involved. I know a bit myself, have people around me with knowledge, but would appreciate any and all advi...
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Hi All! My name is Johnny and I recently joined the Bigger Pockets site after weeks of listening to the BP Podcast! I'm originally from Cincinnati, OH and moved to Los Angeles about 5 years ago. I had been working in...
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I have property listed for sale in Tennessee, $76K. It is improved land; there is no house. There is no mortgage.I have just received a verbal offer requesting owner financing. The offer is $72K with a $25K down pay...
I'm eligible for a loan from Lending Club for $24k. Can I use this money as a down payment for a conventional product/hard money skin in the game? Or is there some rule that bans borrowing for a down payment?
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Hi BP,So I've got a family friend who is looking to get rid of a disaster of a property. He owns it outright and I would like to approach him with an offer to buy it off him with seller financing from him. I've never ...
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Hi everyone,
I've traditionally stuck to long term buy and holds that have required limited repairs/ improvements and have not gone through the refi process as yet. Any input you all may have on the margins and or d...