Tony Green
Banks That Allow Assignment of Contract?
Anyone have any success in a bank allowing you/your investor to assign a contract? I have heard through the grapevine that Wachovia will allow it, but I don't know for sure. A local Realtor associate told me today t...
Benjamin Z. Pickens
Confusion on a mortgage product.
I am shopping around for a loan on my first investment property in SC. I managed to find a lender with a decent product (SAFE Federal Credit Union). However, they only loan 80% of the purchase price for investment pro...
Andrew Adam
4-plex, tenants, and partial payments/evictions.
I close on a 4-plex next week. It is fully rented and the expenses are low, and even though the rents are low it is cash flowing nicely. We met with the landlord last week and found out that 2 of the 4 tenants are be...
Jonah Simmons
Question about the brrrr method from a Canadian
They make it sound so easy in the podcast. "Get a hard money loan, then just refinance that bitch and cash out! Easy peasy!" Here in Canada you usually can only refinance 80% of the appraised value. So you'd have to b...
Eric F.
Raising Equity outside of friends and family
Hello All! I currently am a GC / Developer in Texas (active in Austin and Houston markets). To keep this concise- We have 7 units under construction in Austin and a senior living facility we are the GC on in Houston. ...
Brittany H.
Architect trying to get into RE
Hey everyone!I'm going through the moment I'm sure everyone has gone through that encompasses the phrases "what am I doing with my life" and "how can I feel the freedom I need?" Quarantine has been the fuel but the fi...
Daniel Criddle
New Utah Investor Looking for Advice (First Post)
Hey Fellow BP Investors,
Just getting to a place where I'm looking to start investing in real estate, and could just use some opinions. Looking primarily at Utah/Salt Lake Counties. Sitting on a little cash + a HELOC...
Justin Young
Are there any fees to starting an SDIRA?
Aloha BP!Currently trying to figure out ways and methods to continue to invest in RE with multiple vehicles (cash reserves, private money, SDIRA, etc) but I do not have an SDIRA set up right now. Are there any fees th...
Jimmy H.
Getting permanent financing for REO apartment
I am looking at purchasing a 72 unit apartment REO in my area. The bank is currently offering 20% down, 300 basis over prime with a 6.75% floor on a 20 year amortization and a 5 year balloon. Apartment is currently 75...
Jon Fed
Does this make sense?
My wife and I are newbie investors. This thought came to me the other day....
My wife and I have around $160k in total debt-student loans, cars, credit cards from a failed business venture, etc. costing us a...