Ethan G Stine
Seller Financed BRRR Strategy. Is this scenario possible?!?!
Hey BP, So I recently opened escrow on a property that I was able to secure seller financing on. The financing and numbers are structured like this: ARV: 250k Purchase Price: 210k Estimated Repairs: 10k-15k. Avg. Ren...
Micah A.
Can note lender contact borrower directly?
Is it legal for me to contact borrowers directly to discuss modifying loans?Currently own two non-performing junior liens in Connecticut. I have an LLC which I used to buy notes and currently have both notes boarded w...
Account Closed
Buying Turnkey Using An IRA or 401(k) - Jump Starting the Process
@Brian Eastman I took you up on your offer and started the Thread: My Question was:I sell Turnkey properties that I have taken over the loan Subject To. The loan stays in the name of the seller. Title transfers. It'...
Danny Day
Cashflow statements on performing properties
I am looking to start the search next year for my first multi-family property, and wanted to look at cashflow statements of those already running performing multi-family properties.
What am I missing for fixed expens...
Jerry Padilla
Financing Your Owner Occupied Investment Property With A VA Loan
here are some guidelines to assist you......For VA home loan purposes, a veteran is a person who has served or is currently serving on active duty in the United States Military or Coast Guard and who was discharged or...
Account Closed
License needed to buy NPNs?
This is admittedly a newbie question. I understand how non-performing note investing works and the different exit strategies.A few questions:- Do you need a license to buy, rework and then either sell or hold these re...
Albert Johnson
Need help using HELOC to buy investment property
Hi I am new to this. I am currently in the process of getting approved for HELOC. My question is can I use HELOC to put as a down payment towards another property even if my HELOC is less than the property I want to b...
Sam Leon
Seterus & Quickens
I have a property with a mortgage of 30 YR FIX 6.25% with Seterus.
I asked Seterus to lower my rate, no luck.
Then I got with Quickens and did a HARP 2 refi with a 30 YR FIX 3.99%.
After 1 payment Quickens sold my ...
Edward Burke
Loan Transfer to an LLC
I see many conflicting opinions on BiggerPockets regarding forming an LLC. Specifically, the merits of a umbrella policy vs LLC protection, etc. That's not what this question is. :)Everyone always mentions the inabi...
Gary Kaucher
Seller Financing - Condo Declarant - PA
My wife and I are the Declarant for 32 residential condo units that we built in Pennsylvania between 1984 - 1987. We sold 26 of those units then, and retained 6 units that we have leased out over the past 28 years. S...