I hope someone can point me in the right direction to achieve this. I am involved in the "Cash Buyers" area on this site... I keep seeing commercial lenders listed. Does anyone have experience with a residential Priv...
I have searched the Web on information regarding Probate Real Estate investing. I am not sure many people know that in order for a Personal Representative (Executioner) to sell the estate, they have to have full a...
Thanks in advance to everyone at BP, this site has taught me a lot so far and I am in need of some guidance!I am looking at a four unit, bank owned, vacant for 6 months property in a small town. Ask price is $80k.Vaca...
I expect to close on my first deal. It is an MLS purchase, that I plan to rehab. How do I make sure I have the right insurance?
I contacted an attorney a little over a month ago to draw up a promissory note and a mortgage that I could use for a private money loan between my lender and I.Initially, he requested a $400 retainer to begin work on ...
Hello Everyone! I’m looking into buying vacant residential lots in the North Tulsa area. My issue is that I do not have funds to build a house on the land. I came to a roadblock. I do not know what to do with the lot....
When you subtract the costs for the repairs/rehab , where does the money for the repairs come from.... Does it come out of your own pocket or do you add the costs to your loan ? Thanks everyone Hope everyone has a g...
Hi All, I'm scrolling through properties just so I can get my mathematical up and discovered this property where I was running comps for. Below are the exact numbers that I calculated and would like to know if I'm ...
Is it possible to keep purchasing rentals where the property's cash flow offsets any impact that the new loan will have on your DTI? Or will my DTI always have a chunk of it taken off with each new loan on a rental?
Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $645,000
Cash invested: $43,213
Purchased December 2020 for $645,000 with rents in place of $1,500 and $1,94...