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I'm a newbie to BP...love the depth of knowledge I'm seeing on here.If you keep your quest for private mortgage lenders with people you know...are there any disclaimers or disclosures that "need" to be made to these p...
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When you are looking at a Mom & Pop deal like self-storage or self-service carwash -- and the seller absolutely refuses to provide financial statements or tax returns -- because they have been running this as a ca...
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We are very excited to embark on our first flip! Our question is about structuring our operating agreement with our GC related to the topic of profit sharing. We have a personal relationship with a very experienced ...
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Would like some feedback from lenders for a tough situation here in California.Background: 1) Flipper borrowed $ from HML (1st position)2) We provided gap funding (2nd position), terms are to be paid upon sale3) Flipp...
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What would you do?There is a handyman working on the exterior of the rental and he's doing some repointing brick work. The renters have a new (according to them) window unit AC and the contractors have let mortar drop...
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I have read through the forums, consulted my real estate attorney and insurance agent and have come to a dead end so I figured I'd start a discussion on here. My wife and I just bought a duplex and will soon be signin...
When using the BRRRR Strategy, is it too risky to use a traditional loan with a 20% down payment instead of buying the property up front?
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Received a long email in response to my CL ad. Girl says that hers and her BF's credit is "not at its best" and her rental history is ruined because of her roommate. She however is very responsible and can pay asking ...
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This is an example of a deal I saw right here on BP, and the person that posted it should be embarrassed. Don't worry- I'm not going to name names or provide details-- but here are the numbers:
$32K asking price
$10...
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So I was introduced to a guy offering 2% monthly return or 24% annually for a hard money loan. Is this to good to be true?This guy comes with good recommendations and isn't a slick talker. My BS radar didn't go off wh...