I like to finance for 15 year fixed with 25-30% down. When considering Cash on Cash % at a 15 year note is much lower at first and increases over time compared to a 30 year. My thought is to pay them off sooner to r...
I've been a buy and hold investor for 20 years. I'm tired of landlord issues and want to consider being a lender. Id like to purchase non performing notes, help the homeowner turn the loan to performing status and sel...
Hi BP Community!My husband and I have been working to network and build our team. Yesterday we met with a loan officer and the meeting went really well. Today we are meeting with another loan officer as well. My quest...
Hi Guys, I am just trying to hear from private money lenders here on biggerpockets, how is their experience, specially in New jersey area. what difficulties they face, what are pros and cons based on their experience....
Hi All - I was hoping to get clarity on how to calculate ROI when the property is actually my primary residence. For example am I supposed to factor in loan interest, property taxes, HOA fees, home insurance over amou...
How will I know if the comparables are right for your potential deal?What are the adjustments should I consider?
I'm interested in a property. The purchase price is around 30K, construction cost is 50K, ARV is 160-180K. Total loan amount 80K. What will be my out of pocket expense? E.g., closing costs, monthly rate, points, etc...
Just curious what everyone's preference is. Obviously we all want to make as much as possible but what's the minimum? I've heard 24% for some and others at 18%. But it seems to vary depending on the side of town.
Looking for an independent appraiser for a Denver area house. Not getting a mortgage, but need a competent and accurate valuation.Anybody out there know somebody?
The numbers aren't huge, but when you get enough loans out making these kinds of returns they can really help build your wealth. This may pale compared to a flip but these are two different strategies with different r...