I've herd about a technique for getting together funds by opening several credit cards and getting line increases until you have enough to purchase a property, then refinancing out. Sound like a good idea or bad. Has ...

I created this thread from questions and answers via PM from another BP member to me and thought it was good stuff for all to read, so here it goes:

This first question stems from another post which can be found here...

Has anyone used this formula before and how does it work?
Have problem with having offers being except with the tradition rehab formula of 65 70 % of ARV.
Any other ideas welcome
Thank you

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $67,000

Cash invested: $22,000

Very first house purchase, that too out of state. Single Family Home in the Scott Pa...

I've just closed on a two flat with an illegal basement that's already fully-furnished.  The previous owner used it as an occasional crash pad.  I don't need to monetize the basement to make this deal work, but based ...

Hey everyone,

i made a deal on a great 2 family home in the bradford area of haverhill, one 2 bedroom unit and the other unit is also 2 bedrooms but has a second level which has 4 bedrooms of its own, currently i ...

I'm having a hard time valuing seller financed deals. I've had a few come accross my plate, and I'm thinking I had it valued lower than I should have. I understand a couple good rules of thumb:

Cash Deal: AR...

This was a great question. Somebody asked me yesterday. They asked, “why do you care about junior lies when you are in first position?“There are several reasons why this is important:1. It typically takes away your ex...

If you're interested in adding real estate lends as another tool in your toolbox, these are the steps I've learned you should take to vet your borrower before looking at any of their opportunities!
Background checkCr...

I recently had a Letter Of Intent (LOI) accepted by a very motivated seller, who responded to one of my Direct Mail letters, and is willing to finance 100% of the purchase price. We were about to finalize the contr...