Chris O'brien
How do mortgages work when building a house
Let's say I'm building a house and put down $50k, which would be well over 20% of the total costs, maybe even 30%. Do you agree on EXACTLY how much the loan would be for before the construction begins? Is there any ...
Angelo Looney
First post from new Investor
Hey BP community, i’m a new REI. Been following the platform for a short while. My wife and I are looking to buying a small family property and using it as a STR. I’ve connected with a few agents and have been receivi...
Kyle Pierrehumbert
People not applying after positive tours
Hey there. So I am working on placing a tenant in my first rental property. I had a ton of traction from potential tenants this past week, a total of 6 showings all with promising folks.I have done simple pre-tour scr...
Dillan Mamou
10K EMD for a foreclosure home?
Hello, I found a listing on Craigslist for 180K and I offered 160K and they were very interested. I find it kind of strange that they were so eager. It’s a foreclosure home so they need a fast closing. They wanted a 1...
Michelle Pepe
Talk to me about Private Lenders!
Hey y’all. All my properties have been purchased using conventional loans. But I have a great opportunity in Indy and I’d love to get everyone’s thoughts and suggestions as far as private lenders. $140k purchase price...
Dave Mustaine
Cancelling Contract
I am selling my first house. I was thinking of possibly cancelling the contract next week if the buyer doesnt have a loan commitment letter from the bank by the deadline. The appraisal was over a week ago and the ...
Rachel K Reiman
Good Deal/Not so good deal?
I have what I think is a great opportunity in a fantastic established neighborhood to purchase a home and I already have three people who would move in as soon as I say it's ready to rent it for about 2100-2200. Li...
Damein White
I want to cash out refi within a LLC
Hi I’m wondering does anyone know of ways to which I can cash out refi within a LLC on a property that I own out right
Kenneth LaVoie
fixed rate mortgages for apartments
I am looking for fixed rate mortgages under 6% fixed rate for 9 buildings totaling 17 units. I now have 5% / 20 yeaer/ 25% dp / 3 yeaer ARMs. I'd like to lock in, even if it means some closing costs. I keep hitting d...
Albert D.
When can buyer lose earnest money?
All mighty BP experts,Under what circumstances, would a Buyer lose his earnest money if a transaction fails? Thanks in advance.Background:I'm in the middle of negotiation. Seller is asking for serious earnest money ...