Anaso Jobodwana
using hard money to buy and hold ? Is that a good idea?
Is it wise to use a hard money lender to fund buy and hold real estate investments ? or would it be better to use them to buy and-fix-sell ? and what is a good time period from buying to putting back on the market To ...
James Lapp
Advice on loaning to house flippers for renovation budget
Hello, I am a potential hard money lender considering loaning to two individuals who are flipping a house. Individual #1: Taking out traditional mortgage with 10% down to purchase propertyIndividual #2: Managing resto...
Matt Carroll
Cash Out Refiance with Higher Rate?
Hey Everyone. I just renovated both side of my first duplex and am in the refinance portion of the Brrrrr. I went to a few lenders in Spokane, WA and they said their interest rates on cash out refinance are between 5-...
Michael Lee
New possibility?
I have a problem that I was hoping I can get your opinion on. So I know of someone that has equity in their home and wants to refinance but cannot due to not having a job currently. I was thinking about maybe doing a ...
Brandon Johnson
FHA 3-4 unit difficulties.
Can anyone name a lender that will allow a 3.5% down FHA on a 3-4 units property?The last two lenders I've sat down with have given the okay for a 2 unit property, but both state that that I cannot do an FHA for a 3-4...
Christopher Sharp
HOA foreclosure…first or second lien?
A real situation has me asking a lot of questions. A house in our neighborhood went to auction. The (old) homeowners were shocked when someone showed up at their door to claim their property. Looking at the court docu...
Tom Bud
Hard Money in Brooklyn, NY
Hi everyone ,I'm, a new member here at BP. I am a brand new investor about to do my first flip, and have little I can spend on the project, so I'm looking to borrow the full sales price (I believe this is possible?). ...
Michael Shadow
1 in 11 homes in some state of foreclosure
Did you guys see this article?
http://www.cnn.com/2008/US/06/11/beck.foreclosures/index.html
If they are right about 1 in 11 homes in some state of foreclosure then that means on my short stint to the highway that I...
Austin James
50 unit financing: Unsure of what is standard or what to seek out
Want to buy and hold and fix up. Lender gave me these terms. Should I try to get them to extend term to 24 months and drop the origination fee to 1%? I have no experience in commercial loans. Thanks in advance!
David Hendry
Refinancing a Rental
I recently purchased my first rental in June. I used the BRRR method as I found on BP. I got a great deal paying cash by taking out a Home Equitly Line of Credit on my current home. Now im looking at refinancing the r...