Hey everyone,My parents are actually looking at this not me. Their primary home is already paid in full (valued at $150k). My parents and I were wondering if taking out a mortgage against their home and using that mon...
Has anyone done the Renatus program? Worth it or just another scam? I have an old military buddy that did it and it appears he got a lot out of it and is now making money in real estate. He's recommended it to me seve...
So i was talking to a lawyer about my business model and i asked about double/simultaneous closing for wholesaling banked owed property, he basically told me that its not possible, there is a 90 day seasoning and why ...
I live In New york and I'm looking to start my REI via househack. Being that this is all New to me, the one thing that worries me is landlording. Having the emergency funds for random repairs and so on is my biggest ...
Hi All,Thank you everyone for providing such amazing content on biggerpockets. Here's hoping that my post can help others in some way. This is a property we bought off auction in Fort Walton Beach, FL. From purchase c...
Would like some feedback from lenders for a tough situation here in California.Background: 1) Flipper borrowed $ from HML (1st position)2) We provided gap funding (2nd position), terms are to be paid upon sale3) Flipp...
Maybe this is a dumb question, but is it legal to borrow money from my 401k (tax free) with a low interest rate, then use that money to loan out as hard money for a higher percentage? It seems like it might produce a ...
I know someone who will do HML quite a bit the past 5 years & then goes to a refi after 6 months - think of it as a short-term loan. He's very careful these will appraise out before he pulls the trigger. He has a ...
I am stuck at a bit of a stand still and need to mentally push through this issue. Sorry If my question is a little scatter brained.
What is the basic step by step process of a Lease option?
When I get the contract...
Hello,I'm a new investor looking to buy near home (Kitchener-Waterloo). I've been getting properties for the past month from a local realtor, but it seems that achieving a cash flow positive rental property is unreali...