Keith Minton
Seller Financing, Taking back a 2nd Mortgage
HelloThis is my first time posting so be gentle haha.I am looking at buying a Duplex for 85K that will rent out for $1,500 conservatively. The seller is willing to finance 35K of it at 5% for 3 years. I can get a loan...
Jackie Mesa
Hard Money Lenders - typical wait time
HiI’m still learning about Hard money loans... so my question is how fast can someone get a hard money loan? I had someone ask me if I knew of a hard Money Lender for a deal that’s closing in 11 days.
Timir Shah
Low % Down on Rental Property
Hello,Traditionally I have always done 20% down for a rental property and tried to see if I can find anything on obtaining a loan that requires less than 20% down on a investment property. I have great credit, own my ...
Rigo V.
How to pay a GC? How to figure out scope of work?
how you do pay your GC? If the GC requires a deposit and the HML only pays after work is completed (completely makes sense) does the deposit come out of pocket? Also, I read a few times that your quotes from GC’s need...
Alex Peau
What happens if... (subject-to question)
Helllooo BP,
Hypothetical question.. If I were to purchase a property "subject-to" from a motivated seller and 6 months down the line the original owner wants to purchase another property that he/she will be ...
Greg O'Brien
PPP Forgiven Funds are NOT Deductible
IRS released guidance yesterday saying that any PPP expenses that are forgiven are NOT deductible for Fed income tax purposes. In essence, the forgiven funds are taxable, in direct conflict with the Cares Act. Congr...
Cameron Price
Vent for stove necessary in rental home?
I'm getting ready to rent out a propery I rennovated. It has no vent/ hood over the stove. Is a hood necessarry? It doesnt have a exhaust fan in the bathroom either. I 'm at the property as I post this to figure out ...
Martin Saenz
Note Tape Due Diligence - First Step
What is the first step you take when you receive a NPN Note Tape?Just measuring what everyone is doing. For myself, I reformat the spreadsheet so that it reads well for myself.
Account Closed
25% DP for investment property
Hello,I'm a new investor, and I'm about to purchase a duplex w/ 5% down (conventional). I have no intentions of living in the property, and it would purely be a nice cash flowing investment. I see that banks typicall...
Robert Clifford
Have you used a Performance Deed
I was approached by a wholesaler who wants to buy one of my Airbnb properties. I've bought with seller financing, but haven't been on this side of the transaction. The seller is going to give me a note above the amo...