Yes..and no. Per Statute 494 which governs mortgage lending, an exception is granted to those who lend THEIR OWN money. So--can you lend OPM and stay within the law?My interpretation is YES--provided you lend the mone...
Hi BP,
I've managed to build up a pretty decent list of buyers. I just spent about 4 hours posting bandit signs around the city. I'm looking for a some advice on how to handle the calls when they start coming in.
Th...
Greetings fellow BPers!We've been looking for that great deal to begin our buy and hold portfolio and have been coming across a number of property types that our local investor's group has cautioned against purchasing...
Hey fellow BPers!
I've been scouring BiggerPockets for awhile and finally felt it was time to get more involved and contribute.
I grew up in Kentucky (#BBN) and recently moved to Ohio. I'm a 2009 grad of Northern Ke...
Hey everybody! I'm new to BP and wanted your input on a property. Built in 1904Triplex with two 3BD /1BA units and one 3BD /1.5BACurrently leasing at $600, $700 & $800 mo with long term tenantsLandlord pays trash/...
I have a situation where a landlord is wanting to get out of the business, and I could pick up 7 houses for really cheap. I've run the numbers on the calculators here and there's money to be made. The biggest set back...
Hi All!! I do have cash to make my first purchase and rehab it , my plan on the first few deals will be to flip the properties, some people at my investor club have advised that I use borrowed money for the first hous...
I purchased a house in 2021 and lived there for two years before converting it into a rental property. I had not considered opening an LLC until recently when I learned about its potential benefits for liability prote...
I realize you usually take 10% CAP into account. How do you figure out the specific market CAP? Like in CA there are probably different CAPs in different counties. San Jose will be different from Redding. Why multiply...
I'm a RE investor & recently entered NOTE Investing as a Business. Is BP Pro an effective and/or appropriate way to find Buyers and Sellers? Forums? Classifieds? Welcoming your suggestions, thoughts comments; ...