Hello everyone I have been listening to Bigger Pockets for a few months now but I’ve been very fascinated with real estate for a long time. I bought my home in 2010 for barely anything. And with all this talk lately a...
Hypothetically speaking.....I obtain private funds to acquire a property and make repairs and improvements. Improvements are complete and a tenant is placed with 6 months of acquisition. I am obligated to pay my priva...
Hello BP!I'm trying to figure out how to analyse rehab costs and one of them is using private money.If I can buy a house for W amount of dollars, and it needs X amount of repairs, how much will a Y% private loan for r...
What is the best way to find partner/Hard-money lenders in the Texas Area?
MOST LENDERS REQUIRE OR CHARGE A "LOAN ORIGINATION" FEE. THEY USUALLY WANT THE FEE SENT DIRECTLY TO THEM W/O USING A TITLE COMPANY FOR ESCROW. WHAT IS THE BEST WAY TO CHECK THE BACKGROUND OF A PROSPECTIVE LENDER?
Hi, I am a newbie, interested in using the funds in a Self-Directed IRA as a downpayment for a rehab triplex. I'm wondering if it is possible for a hard money lender to pay for the rehab, because everything I've read...
Hey all, I have a potential subject to deal that would cash flow. I would agree to pay off the rest of his mortgage on the same loan terms but I would need to first pay off the amount that he is in the rears (around 1...
Investment Info:
Mobile home buy & hold investment.
Purchase price: $36,000
Cash invested: $12,000
Borrowed $30,000 from private investor, 12% interest annually. Exit strategy, refi and repay pri...
I am curious if anyone has ever used a private lender. My game-plan would be to BRRRR the property using a hard money loan or OPM and then cash out refi. Pretty basic. I “house hacked” my first home and basically fixe...
Investment Info:
Single-family residence note investment investment in Mesquite.
Purchase price: $225,000
Cash invested: $20,000
I bought this property with private funds at a lower interest rate, an...