Luke Boff
Purchasing with cash first and then obtaining a mortgage.
Hello everyone I am looking for some opinions here. I have this opportunity to purchase a house that I intend to brrrr. My plan right now is to use my cash to purchase the property and then soon after get a mortgage i...
Anant Garg
Contract to closure of a fourplex
Hello Members,I am in a contract to buy a fourplex in north Texas region and option date start from tomorrow. This is my first investment and want to make sure I do it right.I need fellow members advice on :1. What al...
Hozan Barwari
Need help with a name for my company
I am going to start a company (corp or llc) taking to my CPA which is best. What ideas do y’all have? Can’t be one already registered with state of Tennessee. Currently mostly flipping houses, and starting new builds....
Julie Tonioni
[Calc Review] Help me analyze this deal
Hi Everyone,This is my fourth real estate purchase. Unfortunately I think I made some bad choices with initial refinancing. I have used a hard money loan at 12 % and 3 points. My initial thought was we would re-fin...
Lisa L.
Partial payment rent or security deposit ?
Hi BP community, hoping everyone is doing well during this pandemic.My tenant moved in on April 1st. She couldn’t afford the whole security deposit at one time, so we had an agreement in the lease that she’ll pay $200...
Bruce Bennett
How to spot scams or is there a site that evaluates DSCR lenders
Very new to creative financing, looked at DSCR loans last year but don't know how to check on the lender for reviews or scams. I can search it but same deal, the search engines don't evaluate the results. Thanks for a...
Keenan Rusk
My First BRRRR in Baltimore
I'm writing this post to track progress of my first attempt to BRRRR a property in Baltimore City (it is a length post). After two years of reading books, studying BiggerPockets, researching neighborhoods in Baltimor...
Tim Silvers
Dohardmoney.com
Anyone used/heard of this HML??? Just found them.
Check 'em out: http://www.dohardmoney.com
They will go 100% LTP (loan to purchase), provide POF, backend their orig. fee and loan payments, etc.
They sound like a s...
Michael Rosehart
Toronto & Vancouver Home Owners are MEGA RICH?! (on average)
The average mortgage debt in Toronto is $194, 000 and 259, 000 in vancouver. Given the average house price is in toront and vancouver is north of a million are we surmising that the average torononian is mega rich? ...
Dakoda Spencer
How to acquire REO's as investment properties
Hey all, I have a simple question.
I want to purchase an REO as an investment property but I'm not sure of the process. Do I need to be sure to tell the bank that it's going to be a rental or does it matter? I plan ...