Craig P.
Guidance Line
All,
Has anyone else used a guidance line from a conventional bank to fund rehabs (acquisition and renovation)? I just got one approved (took several months) at up to 80% LTC at roughly 4.75% and 1/2 pt ORI.
Paper...
Antonie E Fields
Hard money or Private money
Good afternoon BP family, I have a question about hard money? Has anyone dealt with these types of loans and what was the fees for the acquisition and how much were the fees for the rehab if they financed the rehab as...
Mahesh Hotchandani
Hello from California
Hi all. I just joined. I'm finally getting serious about becoming a real estate investor. I am hoping to diversity my investment portfolio with passive income from rental properties (probably outside of California)...
Nathan Williams
I'm a cash flipper but need to scale
Hi all-I'm new to BP and this is my first post, hopefully I am in the right forum. I am currently on my 4th flip. I have been doing them one at a time, because I am using my own cash to purchase the property and fund ...
Trent Barrilleaux
Structuring Private Money Loans
New to the Real Estate/Investing world; bought a rental about 15 months ago and looking forward. I am an architect and naturally want to explore new construction/development.
I own a vacant lot, and have a ho...
Iris L.
5 duplex package is commercial loan the only way?
5 duplex package for 500k. the seller will only sell them together. i don't want to get commercial loan. besides private money is there any other way to finance this? i have 100k cash and can qualify conventional loan...
Alan Jones
Next steps to increase portfolio with 30 year terms?
I have been working with one local bank which has been great. We have within 3 years grow from 6 single families to 44 units within multi family properties. We are currently closing on another multi family that puts u...
Burke K.
Fast track to financing and home purchase? Individual scenario.
Hello guys,I have a specific situation so I wanted to reach out seeking an advice for fellow members here who might guide me to the right path. I am a finance guy but unfortunately my education is not adapted to the U...
Michael Elfant
Looking for a lender with minimal seasoning requirements in NJ
Hi All,I am looking for a lender, preferably in northern NJ, that will refi me out as soon as my property is rented when implementing the BRRRR strategy. I know that most traditional lenders will want a full year of ...
Jake Roland
Fix & Flip Success in Opelika, AL #2!
Investment Info:
Single-family residence fix & flip investment in Opelika.
Purchase price: $90,000
Cash invested: $52,000
Sale price: $235,000
Found on the MLS and low balled the first day on...