I've been seeing a lot of posts about raising money to do deals and I have a few questions1. When you plan on purchasing with capital from "fund raising" what do you do if the buyer asks for proof of funds? 2. What do...
I'm looking to buy my second rental property. My first property is a duplex that I currently live in and have renovated. Purchased for $201k with $40k down. Appraises for $217k and mortgage / rent details are: 2/1 - $...
We have inherited $90,000 and are trying to decide what to do with this money. We owe $140,000 on our home at 4% interest (home is worth approx. $250,000) . My husband, who is 65, is a contractor and has a profitabl...
Hi Everyone,I've been following BP now for the past six months or so but this is my first post to the forums!I think I've found my first deal that I'm ready to put a cash offer in, my question is in regards to hard mo...
Hi guys, We've found a 3 bed/2 bath, 3 car garage, finished basement, nice yard with sprinkler system and well in a very desirable school district. It has been foreclosed on and just listed for sale at $120,000. I am ...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $109,000
Cash invested: $13,000
3 Bedroom 1.5 Bath 1,100 Sqft SF house built in 1900. PITI $750 - Rent $1,500 - AVR...
Good day all. Looking for thoughts on what you would do in this scenario. I know folks experiences and levels of REI are all over the map on here, but considering the following set of goals and potential deal, curio...
Hello BP![I originally posted this question in another forum, but think it might have been slightly off-topic as I didn't receive any replies. I am trying again here.@Dan Heuschele, i didn't want to risk high-jacking...
What is the average down payment when using a hard money lender for a flip? Is it 20% down?
Hi Guys - I have a deal under contract in the Denver Heights neighborhood of San Antonio, Texas. I was going to buy the house as a cash deal three months ago, but there were federal tax lien problems that needed to b...