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I’m considering purchasing coin-operated washer and dry for a 4plex. I’ve already determined the cost of the equipment itself. And I’ll price it better than the local laundromats. But I’m hoping someone can give me s...
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Hi All,I'm in preliminary talks to pick up a 6 unit with 15% carry back option with another 5% down from another investor, leaving me with 5% skin in the game. I was hoping if some people on BP would take a look at th...
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I had a borrower come to me with a request for a hard money loan this week. We are asset based lenders, so we lend primarily on the value of the property, and not on the ability of the borrower to pay us back. However...
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Hello, I am currently in the beginning stages of analyzing a potential condo deal.My future brother in law will be moving to Jersey City in New Jersey. He was in the market for a rental, however I came up with an idea...
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Hello all,So I'm in a bit of a dilemma here. There's a property for sale at a good price that I think would be a good opportunity to start the REI journey with. I also want to buy a house to live in for myself and tak...
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Hello everyone. I'm interested in lending money out using a self directed RRSP or TFSA account (I'm Canadian). They are called Arms length mortgages in Canada. I was wondering if anyone has done this before and can of...
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As an investor in a couple of Jorge Newberry’s note funds, I came across one of his newer ventures: preREO. I’ve heard him speak briefly about this on a podcast or two and am signed up to attend a webinar with them l...
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I have recently thought about getting a loan from my 401k to buy an investment property. What I learned is I can pay a $50 fee and have 4% interest rate. The interest I pay goes directly back in to the 401k. In essenc...
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First of all, thank you in advance for any feedback.To keep it short and to the point. My 1st property i am fortunate to have the opportunity to flip or Brrrr. Here is my question.I have $50k, which is most of my sav...
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Hello,
I just want to start off with saying it is an honor to be part of a community with so many like-minded investors willing to share their knowledge.
I currently have two Airbnb single-family properties in Lake ...