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Dear BP, I'm an international investor and I've closed my first deal this July in Downtown Miami. It's a 2-bed, 2-bath on the top floor of a very nice property Downtown. I'm asking a price right in the range of neighb...
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So, I'm beginning to look for a bank to get a HELOC, but I've read that the big banks (Citi, BofA, etc) won't do it. I live in NYC, but I'll be looking at properties outside of the city for obvious reasons. Where shou...
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So my son is 19 and wants to start real estate investing. He was in college until covid hit and now he has decided not to return. He did have a restaurant job but has worked for me for cash for last 6 months. My que...
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Why are Credit Unions OK with Collateralization/Hypothecation of a note but most lenders are not?
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $210,000
Cash invested: $21,000
currently under contract with a cash buyer at 305k
What made you interested in...
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Greetings BP,
I'm working on a market analysis for a boutique coastal hotel, as we're under an NDA at present I can disclose limited deets.
Closed public comparable sales are somewhat limited and subjective so I wa...
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Hi BP! I'm in the final stretch of purchasing a duplex. My conventional loan should close on May 31st. I have insurance and all the paperwork ready to go. I suppose anything could happen between now and then, but it ...
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I found a piece of rental property with a tenant already in place. It appraised at 120K I have a contract for 82K. I'm putting 42K down on the property. The bank wants to give me a loan on the 40K. 6.5 % with a balloo...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Baltimore.
Purchase price: $72,500
Cash invested: $35,000
Sale price: $115,000
This was a distressed property set up a...
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Has anyone heard of Robert Schow with Finance Falcon LLC? I received an email from this person claiming 100% financing. But of course we all know how that goes. All comments and advice are welcomed. Thank you.