Greetings BP family,I recently passed my SAFE Act exam and am ready to begin building my book of business as a mortgage loan officer / originator in Virginia!My question for experienced MLO's out there is, what are so...
It is my understanding that real estate purchases using private money lenders are made as cash offers. However, when the offer is for a bank REO the bank want a proof of funds letter that shows that the person making ...
Hey everyone, I just put under contract a 2- flat building in the Chicago area. This is a class C neighborhood. Can you please give me some advice and criticize my analysis below? The first unit is renting for 700 (lo...
Are there any recommendation for lending options to BRRRR into a house hack? Basically I'd like to buy an off market multifamily, rehab it, and then refinance it with a primary residence loan.My contractor brought me ...
Hello BP community. You are the best!I am looking to buy+hold in Philly. Do you recommend to buy in vicinity of 100K in a so-so area where the profit margins are greater but the risks are bigger too or maybe move into...
I am currently in contract on this office building. It was arranged on a 5 year interest only, seller financed, with a balloon payment at the end of the 5 years. This is my first office building, and I see tremendous ...
Hello,I have a 500k mortgage on a triplex @2.5% interest and 250k of cash in sitting in a savings account yielding at 2.5%. The treasury bill yields are getting close to 5%. I am feeling tempted to invest my free cas...
I am an apartment investor who is looking to expand my investing market. Releigh and Durham is 2 of the 4 markets who have made it to my final round of research before i make my decision on which market to focus on. I...
I'm reading a free book on REI from http://iloverealestate.tv/ in which the author talks about a rule she made up called the Rule of Two. In this, you divide the purchase price by 1,000 and multiple that by 2 in order...
What are the things to look for when buying your first investment property and how can we make it happen with low risk in current inflated market with higher interest rates.