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Ok I have a private lender willing to fund me/ offer a line of credit but I have a question because I’ve never ran into them asking for their loan to be insured. So they had me fill out an application on a website for...
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When using the phrase "buying for cash", what does that actually exactly mean? Does that mean that person does have the whole amount in their bank account? Or does it mean that person is using a HM lender that can com...
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Hello BP! I am a newbie in the game. I reside in Atlanta, Ga. I am looking into starting out in rental property investing possibly do flipping down the line. I am eager to learn. So I will be a regular here. Also curr...
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We are currently under contract on a mobile home park. One of our bankers is working on the loan for us, but we will need between $300K-400K for the down payment and we would like to get a private money lender that w...
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Hi All,I have an interesting deal in front of me. I found a seller who is behind on payments and is willing to sell "subject to" us taking over their conventional loan. I have an investor partner who will catch up and...
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I am writing this today to announce that I closed my first fix and flip deal on Wednesday of last week. Rehab begins on Monday. I am so excited for this. Just really cant believe my dreams are finally happening. To al...
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Hey guys, looking to do my first deal and may need to partner with some friends (4 of us) to do it. I was thinking putting the property in an LLC would be the best bet to protect everyone's assets. One thing puzzles m...
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An associate forwarded the following info about Georgia licensing requirements for note buyers. Based on the language it seems that an individual would be exempt since it is "solely as an investment". I'm not clear th...
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I interested if any investors are willing to share, approx. percentages of how they have their properties financed?
I would like to know what different types of financing you are using.
Which ones are your favori...
Hi BP! I'm new to BP and REI in general, but found plenty of great information here.One thing I am curious about though, it sounds like quite a number of investors own properties out of state and wondering how many in...