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I was offered a 4.5 variable rate, closing cost of around $300. The way it is amortized is a little different. If it's under 5k it's amoritized 5 years. 5 to 10k 10 years, and over 15k, 15 years. This seems like a pre...
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I have a friend (we'll call him Joe) who is considering doing a strategic default on his home.
Although it's a struggle, he makes enough to pay his mortgage. But his house has gone down considerably in value and he o...
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So I'm wondering who here has any direct experience or knowledge of triggering the due on sale clause in a loan from transferring to an LLC? Have been reading about people who heard about this happening, but never hea...
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Hello BP community,So I am new to this and I came across an investor who works on rehabs and also knows lendors. I met up with them (two individuals) who are partners. One guy does the financial and the other guy does...
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Good Morning! I am exploring starting my own private money-lending company. Can anyone recommend any good warehouse/credit line options out there (assuming they exist in this space)? As far as technology, are there an...
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Would anyone recommend taking on properties only as you can afford to buy them cash? Or is taking on debt in order to secure new properties recommended.Currently I do not like debt because of the obvious cost of borro...
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My parents separated in 2012, my father was the one to initially leave. When he moved out, I lived with my mom in our family home, but eventually she moved in with her new partner. At the time she decided to move, she...
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Hi everyone,
I was thinking that there should be a way for tenants to pay rents others than by mailing a check, money order to the landlord ( no property manager ).
What are some ways to do this ?
Also, how do you ...
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I am about to finance my fourth rental property using the BRRR strategy and then my bank will not lend to me anymore, hitting the magical fourth loan. My loan officer suggested creating an LLC and buying houses under ...