What is a no-ratio loan? Much like a DSCR loan for an investment property- a no ratio loan does not look at your Debt-to-income ratio (DTI). They are mainly focused on your credit score and cash reserves. This is a gr...
I am looking to use the HELOC to take the equity from my primary residence and use it as a down payment for an investment property. I am not in a position to use the investment property as my primary residence to hous...
Economic Update
(Monday, August 10, 2020)
The resurgence in coronavirus cases is sidetracking an economic recovery that gained steam in May and early June, slowed in July, and now indicates a rocky path ahead. ...
Just doing due diligence here. I'd like to hear from anyone who has used Seabury Investments LLC as a private money lender, both positive and negative experiences. They have a nice package of loan options, but I'm alw...
I have a duplex in a quiet neighborhood and have a prospective tenant who sounds very responsible, has good credit and income. The prospective tenant just told me that she has a baby sitting business with 6 kids a da...
Hello everyone , I'm a complete newbie on house flipping and I literally went to my first house flipping group meet in San Diego .I currently work 2 jobs and I'm looking for an honest way to get through my current sit...
I have absolutely zero experience as an investor, looking to do my first property as a flip. I found an amazing off market property that is priced very well. Comps look great. I used comps with similar size sqft, same...
Hi,I am selling 2 four-plexes . I got an offer but was asked for seller financing. I have never done a seller financing deal before. So, if the BP community can help me and share any advice/wisdom/gotchas to avoid....
We are trying to settle an estate: 3 siblings want to hold a note for a 4th .
Property is appraised at $360,000
3 siblings will hold a 270,000 5% interest only note with a 5 year 270k balloon.
Ta...