Bernie Huckestein
Private money and BRRR
Some years back I knew a private money lender who would work the following way:If and investor found a house which would make a good flip the private money guy would actually purchase the house himself as well as prov...
Rose Davis
Hard money loan??
If one were to get a hard money loan for a flip and say the term is 5 months and the house doesnt sell, what happens if the borrower cannot pay the loan back? Does it go on credit? Will the lender take the property? W...
Joshua Von Schlutter
Understanding the terms of a HELOC's
Could someone help me better understand the typical terms of a HELOC. I know what it is just a little confused on some specifics. Once I use money from the HELOC, what are typical payback terms? Aren't they short t...
Mike Seluk
When one place will cashflow and one will not -
I currently live in a condo that costs $800/mo for PITI and HOAs. The rental comps are $750 on the low side, $850 on the high side. It's break-even at best, but being realistic, it's not really going to make me mone...
Michael Le
Can my SD-IRA and myself invest in the same syndication?
Is it possible for my self-directed IRA and me to invest in the same syndication deal? As long as it's not my deal or one I'm more than 50% owner then that should be okay, right?
Elizabeth Einecke
Newbie LLC Snag
Hello All. A few years back, I attended a seminar and jumped into doing a few fix and flips. Long story short, I opened a Ca. LLC under which I purchased and sold one of the properties. At the time, $4K was left i...
Daniel Elbe
private money lending structure
I'm looking to close on a wholesale property out of state with a private money lender. He has ample cash not earning much appreciation, so the opportunity to fund a buy and hold investment is appealing to him. He has ...
Landon Thomas
Does my Attorney even know!? Illinois Subject-to Legality
In Illinois, are Sub2 agreements required to reported to the lender?
I have a property under contract with a distressed owner. I sourced it off MLS, listed by an agent I worked with before. I made the offer 2nd day ...
Andre Lindsey
Buying Pre-Foreclosures with subject to
Hi, guys I'm a new investor. I had questions about buying pre foreclosures subject to. The method i will like to use is pay sellers back payments, repair property, give seller money to move with and take over mortgage...
Letricia Steed
Pay CASh For The Property & Rehab. Then Refinance Or USE Hardmoney To Buy And Rehab?
Hello All,
Im new to the BRRRR model and I've been reading the book. I have a question about a property that backs up to a lake. Is the BRRRR model suggesting that the best way to implement the strategy is to use yo...