Ronnie Darby
Lenders Charging Interest on Holdbacks
I deal mostly with hard money/private lenders (not sure if that changes the answer):My first flip involved all of the money at closing, but for this one the lender is disbursing funds as I progress. They're telling me...
Dan Bosak
South Jersey / Philly Portfolio Lender that Allows seller 2nd
Does anyone know of a lender in the South Jersey / Philly markets that will do a 1st position loan at 70-75% and allow a seller to carry back the balance as a 2nd position lien? I am looking specifically for Camden, ...
Mark McGillicuddy
Pondering a deal in Northern NJ
Hi Everyone,I'm looking into purchasing my first property, a multi-family house in Northern NJ to live in. My ideal scenario is to live here for a few years and eventually purchase a single family and keep this for re...
Guifre Mora
What’s D difference between a private lender & hard money lender?
Nothing, in my opinion. They are largely the same, equally give short-term loans to real estate investors at higher interest rates than banks and other institutional lenders.
There are several opinions concerning th...
Tyrell M Senior
New to Real estate Investment market
I'm currently taking courses for my Real estate license, so I would like to know if getting the license is worth it or not? I've been hearing different opinions on the matter, but never have I discussed it on this sit...
Brandon Schick
Deal Evaluation Spreadsheets
Happy Tuesday BP, I am here today to shamelessly ask if anyone has a really awesome spreadsheet they use to evaluate deals that they are willing to share? Ideally something that is very scale-able to use on a single ...
Peter Hanson
How to avoid running out of money?
found a rental for $125K that rents for $900/month, bought it with 20% down payment 4 months ago, value has gone up to $170K
found a rental for $90K that rents for $800/month, bought it with 20% down paymen...
Sergio Glory
Multi Family investing
How is the multi family business in Worcester right now? and what are the best zip codes to invest?
Jesse Scheidel
Structuring bank accounts
When setting aside money for Capex, Vacancies and maintenance, should you use multiple bank accounts? Is it best to have a bank account for each property or one account per LLC? What do you find to be the most efficie...
James Papiano
Owner financing taxes, insurance, refinancing?
Hi everyone, I have identified a potential property in my neighborhood. It would be ideal if I could negotiate an owner financing deal with the seller. What could some of the terms of the deal be related to insurance...