Hey everyone,
Looking for some guidance with this particular deal that I am looking to get into as my first buy and hold property. I am currently under contract to purchase this foreclosure 4-unit for 37K and it nee...
Has anyone had any experience with a "pari passu loan"? The term means "equal footing" or some such. This came up in a situation where two people might be lending to one borrower, and they want to be in equal positi...
First of all, I am really excited because constantly reading biggerpockets has given me the confidence to try my first project. I am going in with a friend of mine, to flip a house. He is very experienced with constru...
Hey everyone!My name is Brian and I'm a NYC public school teacher and online entrepreneur. I have been fortunate enough to have a successful online business that is truly passive and it's allowed me to have some extr...
So I recently inquired about hard money for a deal I was working on. I utilized the BRRRR Calculator and at the end I hit the blue " contact a lender" button. Within a 24 hour period I received a couple of very profes...
My business partner and I have recently started hard money lending (for SFH flips) in our local Birmingham, AL market. We've currently successfully completed one loan and had a local closing attorney we work with draw...
We are new to the private lender concept. If you are getting a loan from hard money. The loan is set up on a 1year term. When is first payment due? Would we have to make largest payments while in rehab before selling?
Hello Everyone, this my first question have been following BP for a while now and have learned alot from this site. However I came across this deal I don't know exactly how I can finance this buy and hold.Today I saw ...
So here's the situation:
1) Non-owner occupied.
2) 1st and 2nd TD.
3) Not delinquent on payments.
My questions:
1) Is a SS possible w/o being delinquent?
2) Property is in CA- is a deficiency judgment possible on e...
I'm looking at buying and living in a foreclosure that needs quite a bit of work. Pre-qual went fine, and submitted an offer.
While shopping around for the best 30 year fixed, I've gone to 2 banks who said they won'...