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Just wanted to get a grasp of what criteria Hard Money Lenders look at when qualifying someone for a loan. I know experience is a big factor, but what about DTI? Credit? and any other needs I need to prep for when goi...
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Hi BP,I have just closed on my 5th buy and hold deal :). The property was purchased and renovated for cash using funds from a HELOC. The strategy is to do a cash out refinance to pay down the HELOC and hold a mortga...
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I am looking into getting a hard money loan for the first time and was wondering how to calculate the interest to make sure the deal is still a good deal after there interest. Rough numbers are it’s a 2 building 10 un...
Hello Bigger Pockets community. I am under contract for my first property, however I have yet to finalize a loan. The recent changes that have been implied on banks have made me a bit hesitant and I am not sure what w...
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Hello Everyone,
My husband and I are new into real estate investing and are working on our second deal. We accomplished our first project three years ago where we bought and renovated a large split level home in FL. ...
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Hi Chicago
I got advice from my financial advisor to get an investment property late last year. My wife and I looked at Chicago neighborhoods we liked, and Monday closed on our first multi family. I have been learnin...
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I have a property under contract in New Jersey. The house is a great size in a great location close to major highway, near an elementary school and shopping districts but still boasts the peace and quiet of the suburb...
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Hi everyone,I am currently in a position where I have the ability to buy an office building with 38,000 sqft for about 300,000 at 4 floors, and do so with cash with a partner. This building has very solid construction...
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Hey, BiggerPockets Community,
We wanted to share our story because, well, it's a bit of a rollercoaster, but it's proof that resilience, learning, and adaptability can lead to incredible success in the real estate wo...
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The habit of being a forever learner…
Someone who has given me a lot of great advice recently said to me,
“It is amazing how things that are so simple in theory are difficult in execution before they become a habit....