Mack Bailey
Why is a subject to deal a viable option?
As I understand it a subject to is when you take the place of the original owner in a property. Money is made when you buy a house not when you sell it so how is this beneficial? Are you paying less for the equity the...
Dionte Graves
How do you structure your private lender contracts???
Good Morning,My company has a couple potential private lenders who are interested in lending to us for the purchase of a distressed residential property. My company will serve as the Gc over the project once complete,...
Billy Zhao
The venerability of BRRRR method...
COVID made traditional financing and refinancing difficult - many banks now no longer do cashout refi for an investment property that are multi-family, many require much larger equity to be left in the property (25-30...
Sean Dezoysa
Where do most beginners fail?
Sometimes it's good to look at a new venture from the angle of the most common causes of failure.Let's get the non-action/motivation ones out of the way. Most people fail anything due to not starting, not studying en...
Mike Arias
Is it true that having a SFH as a primary allows you easier access for HEL?
From my research, owning a condo as a primary is more restrictive than owning a SFH because lenders view condos are higher risk. Is that true? So if one wants to buy investment properties, is it harder to get approv...
Michelle Grippo
Need advice do I sell or rent
Hi everyone, My husband and I purchased a very distressed home last year to fix and flip. We are now 10 months in and ready to sell we purchased for 188k put in 110k and it can be sold for 429k. It can be rented for...
Jonathan Newsome
Looking for suggestions/help with a seller
Hey BP! Looking for ideas or suggestions with this deal. I'll jump right into the details now. 3bd/2ba SFH w/1,524 sq ft. built in 2004. Location: Waynesville, MO (20 min from Fort Leonard Wood)The seller has remodele...
Van Edward
If you were to choose…
If you were to choose; to renovate your existing house (complete knock down) to add more rooms and value to the house (with no additional doors to add to the property)? OR wait for the housing market correction and i...
Ryan Cunningham
Equity Stripping: Heloc vs Mortgage
I'm going to be purchasing my first rental properties in the next couple months with hard money loans. I would like to pull equity out soon after to pay back the loans and lower my monthly debt payments. I know that 2...
Jennifer Barrera
Heloc after refinance Texas
Is it possible to get a home equity line of credit after a cash out refinance on a primary residence in Texas? Is there any work around this ... so I was told by one lender that it's not possible.