Michael G.
Licensing Requirements to lend my money
New to Private Money Lending/Hard Money Lending and I would prefer to hear from you guys before I make a million mistakes! Scenario: I myself, want to lend $200,000.00 and the lawyer does up the contract for the note ...
Jeffrey M.
Qualifications for Loan Mod for Homeowner in Default?
Hello beautiful people of BP! So I work for a company that purchases preforeclosures and specializes in short sales. I want to build genuine rapport with the sellers I get into contact with and I understand that a loa...
Matthew Von Dwingelo
How We Purchased a $650k Triplex with $0 of Our Own Money (pt. 2)
If you didn't get a chance to read pt.1 then the link to pt.1 is below, make sure to read pt.1 first to take the full value of how we structured/worked this deal! Part 1
I know there are a ton of investors out there ...
Chris Allen
Preparing For Children's Future
So I am about to become a new Dad! My wife and I have a baby boy due end of June 2022 and I am wanting to get some advice as a new parent as to what are some of the ways that you all have prepared for your kids future...
Elford Stephens
Help!!! Tenant moves adult daughter and grandson into 1 bedroom
Hi BP,We are new to property management. We took the leap last February and purchased our first duplex. There are two one bedroom apartments. The downstairs tenant is an elderly lady. Per the previous owner, the ten...
Kortez Walker
Bandit signs.... Do you consider them legal or illegal?
I see alot of people that advertise bandit signs and I think that they're a great avenue to get business . However I don't think it's worth the hassle if your going to get hassled by the local sign police if you conti...
Or Y.
15y vs. 30y strategy - convince me i'm wrong
Hello everyone,First things first - I'd like to thank all of the contributors to this forum, your advices and inputs taught me *A LOT* - so I'm grateful for that.TL;DR: For a new RE investor with a good starting point...
Account Closed
Corona Virus OVERHYPED!
Yesterday I had an epiphany! The CORONA/ WUHAN/ COVID-19 (Virus) is exaggerated! There’s too many things at stake right now and it all SMELLS FISHY! Besides crucial elections, international economic wars, and propp...
Shane Hetzel
Equity Lenders International, Inc. Anyone have any knowledge of?
Has anyone had any interactions or knowledge of a company called Equity Lenders International, Inc? This is apparently a group of private investors and/or facilitators for pairing up available private money to worthy ...
Mark Maire
Wholesale Process
Am I missing any steps?
1. Find a motivated seller, with deal potential.
2. Determine ARV and REHAB COSTS at meeting.
e.g. ARV: $150,000 REHAB: $25,000
3. Negotiate a deal.
$150,000 x .7= 105,000 - $25000...