Yes..and no. Per Statute 494 which governs mortgage lending, an exception is granted to those who lend THEIR OWN money. So--can you lend OPM and stay within the law?My interpretation is YES--provided you lend the mone...
I realize you usually take 10% CAP into account. How do you figure out the specific market CAP? Like in CA there are probably different CAPs in different counties. San Jose will be different from Redding. Why multiply...
I'm a RE investor & recently entered NOTE Investing as a Business. Is BP Pro an effective and/or appropriate way to find Buyers and Sellers? Forums? Classifieds? Welcoming your suggestions, thoughts comments; ...
How do you find these mortgage notes ?
I purchased a house in 2021 and lived there for two years before converting it into a rental property. I had not considered opening an LLC until recently when I learned about its potential benefits for liability prote...
Hi All!! I do have cash to make my first purchase and rehab it , my plan on the first few deals will be to flip the properties, some people at my investor club have advised that I use borrowed money for the first hous...
When analyzing potential investment opportunities, one thing you can't afford to overlook is projecting those sweet returns. Many syndicators, including myself, base their projections on a five-year term. This allows ...
Financed this M/H on 1 acre with a private lender this week. After all debits/credits I'm all in at $305. Purchased this property for $42K Cash on 1/6/15 (including all fees), rehabbed for $2558 (including all holdi...
I have a situation where a landlord is wanting to get out of the business, and I could pick up 7 houses for really cheap. I've run the numbers on the calculators here and there's money to be made. The biggest set back...
Hey everybody! I'm new to BP and wanted your input on a property. Built in 1904Triplex with two 3BD /1BA units and one 3BD /1.5BACurrently leasing at $600, $700 & $800 mo with long term tenantsLandlord pays trash/...