John Coffman
Partnering with a friend on a commercial property
Hi BP friends! My wife and I have mainly done long term buy and hold over the last 12 years of our investing career and have an opportunity to partner on a small scale with a friend who is purchasing a commercial buil...
David Sheridan
Am I on the right track??? First investment property
First time post here. Looking forward to gaining as much knowledge as possible. Last July I purchased my first investment property. It’s a 3 family (3br, 1br, 1br). Newer roof, siding, windows. It’s an early 1900s hou...
Patrick McCafferty
Investor making an offer on a short sale
I like this property in my area. It is subject to short sale approval and it needs a lot of work. It is on the market for $199k, down from $329k. There is an $80k Home Equity Loan in first position, then a $175k an...
Ryan Fell
Creative Financing-HELOC and Cash Out Refi
Apologies if this has been asked before, please just point me in the direction of that post if so. Looking for creative ways to get a good chunk of cash for first property. We have the worst house on a good street. Ho...
Luke H.
Would You Do This Deal? Lending Opportunity
Hi allI hope all is well. I was recently offered this, wanted to get feedback, questions, etc. Assume you have cash currently earning 4.6% in high yield savings. Key Deal Points:Loan Amount: $88,000Lien Position: 1s...
Steve Buchanan
Structuring a deal with both private and hard money?
I'm looking to do a deal with both a hard money loan and a private investor and I'm not sure how to structure it. By structure it I mean how to protect everyone's interest in the property. Both myself and the private ...
Mark Forest
Second mortgages
Why would a bank or anyone take a second mortgage? If things go bad wont the first lien holder get everything? The only thing I can think of is that the market value of the property hopefully increases past the ...
Justin Hennig
1st Private money / Hard Money lending deal...advice for newbie?
Hey BP,I have an opportunity to lend on a fix/flip with healthy interest rate / points, already verified property in good neighborhood and comps support claimed ARV. Without going into too much detail, what advice wo...
Jose Vasquez Dickson
Private Money Lending Paperwork Help! Last thing I need for my first BRRR!
Hey BP! Need some help! I’m soo close to my first BRRRR!
I’ve been able to pitch to a private money lender successfully like 2 weeks ago and with that I’ll have enough capital to do my first and many more BRRRR deals...
Kristopher Kyzar
Second Rental Sold
Investment Info:
Townhouse buy & hold investment in Portsmouth.
Purchase price: $60,000
Cash invested: $12,000
Sale price: $94,500
2 Bed, 1 Bath townhouse purchased as a rental. After 2 ye...