After finding an HML that will lend where your prospect house is (most will only lend in major metro areas or have steeper rates if they do lend outside metro areas), I would ask these questions:
Are you a direct len...
Hello,My dad has saved 220k dollars. We want to start investing in real estate. We were thinking on buying a distressed property (all cash) and then fix it and cash flow for a while until it appreciates enough to sell...
Hi everyone, I’ve been lurking here a few months and I think I’m ready to start making some moves in the RE space. The reason I am posting is because I think my situation may be somewhat unique as I haven’t seen any p...
First, thank you all for taking the time to answer the questions that come up on here. I know some are repetitive. We may be relocating soon and I don't want to be in this rental market from a couple hundred miles awa...
BP Universe, Is there ever a way for a lender to use the rental income to determine a loan amount rather than an appraised value?I renovated a single family home in Dallas, Texas and it looks great and should cash flo...
So I have a duplex that a tenant just texted me about having roaches. The duplex was fully renovated prior to the current tenants, before them it was empty for 8+yrs. Both tenants moved in the beginning of this yr. Th...
My wife and I are in the Omaha Nebraska area and we are starting to plan our home flipping business. I am curious on how to get into contact with private lenders since we currently do not have the capital at the momen...
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Hi all,There is an eldery lady whose yard I've been maintaining for years. She mentioned about possibly looking to downsize due to age and other factors. I expressed interest in purchasing and she completely lit up at...
Hello Guys been listening to all these great stories by BPP! Have some questions for you guys when buying a home with 20% down as a investment is this only a 30 year play until mortgage is paid off? How can you genera...