I recently got off the phone with a lender and he explained to me that if I was to use private money to help fund the down payment on my next deal, the funds would have to be in my account for 60 days. I was always un...
Hey BiggerPockets! I have recently been presented an opportunity from a neighbor of mine to purchase a big piece of his portfolio of 17 properties consisting of 43 total units. The properties range from two single fam...
I read a number of note selling threads and noticed some questions on how it works. So I want to post some of my insights and hopefully this could help someone who is looking to sell a house with owner financing or wa...
I was curious about this. If an REO property has been on the market for over a year, then I am going to assume that the banks are very motivated to get rid of this property.
My question is, would they still want and...
Any advice on how to get approved for a loan that will incorporate my mortgage and the renivation in the same loan. Is that a thing, or will I have to come out of pocket with the rehab.
Hey Guys,I sold my rental house , cashed in about 100k capital gains on it. Got my real estate license this year. I am trying to figure out the best possible way to invest in flippers using the BRRR strategy. I am in ...
Should I create a second bank account for my rental money to go into or should I just use my current bank account for all the money that's coming in ?
This has already been briefly talked about on here but I wanted to run it by anyone interested in a discussion(especially lenders). The quick and general idea here is; you have some cash, create an LLC, have that LLC ...
Good Evening BiggerPockets,I found a property that I think I can buy at a deep discount with cash. If I purchase with cash, then clean out all the junk and have it appraised, can I get a mortgage based on the appraisa...
Detroit is falling and much of the blame is aimed at the banks.
It was just reported that banks started foreclosures and evicted tenant/owners but have not taken posession of the property leaving taxes due from the o...