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Are there such things as typical conveyancing costs
It is a difficult thing to try and arrive at a typical cost for conveyancing work. It’s not standard across the board and there’s no scale of rates like you may see your garage print for serving costs. You are not goi...
Rashawn Stevens
I need a Lenders opinion
Hey BP, I would LOVE for a Lender to answer this question for me because i'm having problems coming up with a clear answer and here is the question: Should you look for a Hard Money Lender before you have a deal?
Farrukh Amini
Help analyzing a fix & flip
Hello BP!I'm looking to get into my first fix and flip deal but have no idea what kind of margins are considered worthy in my market. The property is in Jersey City, NJ. I'm very comfortable with this market as I've b...
James Myers
Partnering with owner to rent vacant home
Has anyone ever created a partnership with a vacant home owner (my mothers 18 year boyfriend) where owner retains ownership of the property and the other person (me) acts as a property manager for renting and they spl...
Michael Iuculano
What cap rate and cash on cash return mean.
Cap RateCapitalization rate is a valuation measure that can be used to compares different real estate investments. Capitalization rate is also referred to as cap rate. Ideally, cap rates are calculated as a ratio betw...
Chris M.
Income requirements for FHA loan?
Hey guys, I've got a question about income requirements to get approved for a FHA loan. I'm planning on purchasing a $250,000 house with a 30-year-fixed FHA loan with 3.5% - 4% down. My goal is to have a monthly mort...
Michael W. Murray
Is everything truly for sale
Have a look at 854 Rosecrans St., San Diego, CA 92106. It is a shack sitting on top of a gold mine (figuratively). I pass this home every day. I have never knocked on the door, but I have been close enough to see, am...
Annie Irizari
Down payment for a duplex/triplex/4 plex
I'm in business discussion to be a down payment private lender to a business colleague who is looking to start investing on a 4 plex. I can provide the down payment to an FHA loan. I'm thinking we need a business cont...
Joshua Springer
D & B Credit score
Hi everyone,
I just got a credit report from D & B and I have 0 experience reading this. I'm pretty knowledgable about personal reports but this one is nothing like it.
I was hoping for a little...
Eric Grant
Should I start looking for a job? Financing issues.
So, my situation is this. I'm looking to finance my first purchase but I've run into the issue of not bringing in what is considered to be enough income. I quit my last job so that I could go back to school and focus...