Michael Baradell
Lease Option - Option Fee
Hey BP!! I am in the early stages of setting up a lease option on a property that I own. Here is my question In regards to the option fee: I will be using an escrow company to set up and manage the lease option for th...
Lauren Hughes
Financing a STR
I need help coming up with a 20% down payment on a STR property. Can anyone provide ideas/resources? Don't want to miss out on the deal. Thanks in advance!
Jason Martin
Private money lenders… Where to look?
Looking into getting my second investment property. I have down payment money, but coming up with the rest has been an issue. . ‘Thanks for any advice!
Geo Tan
One $$$ Property VS Multiple $ Properties
So just to give an update on where this REI journey is taking me.My recent gains has allowed me to be able to do a down payment of $600k-$800k which has now allowed me to look at properties from the $2mm-$3mm.It's sti...
Katrina P.
Purchaser defaulted on LC pymts; can I collect rent from tenants?
Hi BP Family,So, I'm in a bit of a sticky situation. I sold a property on Land Contract (in Michigan), and the purchaser defaulted on payments one month after signing the LC. It's been a long time (so long it's too...
Sam Lee
Purchasing apartment: cash reserve
I have yet to purchase an apartment building but I want to know how much cash reserve you need when you first buy the building, and then when you are running it. Let's say the downpayment (20%) is $100k, how much woul...
Brandon Nappi
quick HELOC question
Hi BP forum,If I were to secure a $50k HELOC on my primary residence at 3.5% and never actually use any of the money would I still have monthly payments? i.e. interest payments? Thanks!
Micah Franklin
Home equity agreement as possible short term loan solution.
Hello all, I have a found an amazing property and got it under contract. Im looking at all my financing options at the moment. I have spoken to to a hard money lender to get the numbers on that. I don't think could sw...
Arti Ta
New tenant analysis
Hello,I am a first time landlord. I bought a new construction end of December and listed my property same day. I only have had one application. She is a realtor and financial advisor but going through a divorce. Her c...
Jesus A Macias
Bridge loan Info
I recently have bought a house that really didn't provide cash flow, I since then converted the house into a duplex and now have a projected cash flow of $200 per unit. With that said....Im all out of cash. My questi...