Denham McCall
Lenders who loan based on investment property financials not individual
Hi,
When purchasing a rental property are there lenders or loans available that are financed based on the finances of the investment property and not the person purchasing the loan?
Let me clarify with an example. ...
Keith Saunders
How do you contact absentee home owners?
I've been driving for dollars and finding vacant properties. Thats the good part, the bad part is nobody except the whacadoo's leaving me angry voicemails MF'in me telling me they are not selling are contacting me. Th...
Peyton LaBarbera
Difference Between Loan types pt2
What is the difference between portfolio loans and DSCR loans? Or are they the exact same thing?
Ellie Narie
How much do you pay for cleaning service for your airbnb rental?
I'm thinking of building a duplex, living in one unit, and having the other unit be an airbnb rental. I live in a small town that is close to outdoor activities, so it could be a good idea to do airbnb. I'm thinking o...
James Danchus
Inbound Calls: Answered Call vs Voicemails
BP peeps,Lately I have been hearing a lot about wholesalers letting inbound leads go to VM and I've allways been curious as to what the process is with this. Like many of you, I'm going to be launching this venture wi...
Luis Aviles
Contract in Maryland/MAR Contract
Do I have to use a MAR (Maryland Association of Realtors) Contract? Or can I make my own contract? I'm curious because I joined a local REIA and they wanted me to use a MAR contract. I really need help on this guys.
Nathan Darcy
Tenant offering to pay 12 months upfront
Have any of you ever had a tenant offer to pay you 12 months upfront? It sounds like the potential tenant is selling their house. They are also self employed but showed low income (technically does not meet our monthl...
Rosanna Tran
Pay 2% deposit to refinance mortgage
I have an offer for a 4.5% fixed for 10 years for 25 years mortgage for a commercial property to replace my 6% interest only owner financing & I can pull cash. Sounds like very good deal but I have to pay 1% appli...
Joseph C.
Short sale ???
Hello BP,
I recently got a property under contract that is a short sale. Just wanted to hear from some BP'eea on how long it is taking to get bank approval these days?
I would love to see everyone's thoughts.
Account Closed
How do I protect myself if I lend money to an investor?
Considering a personal loan to an individual for a real estate investment. The request is a loan with an interest of 12.5% paid annually x 2 years. After two years the initial loan amount is returned. Seems straight f...