Brianna Babienco
Syndication models- can I long term hold?
I’m early in the learning process- so be patient with me! From what I’ve seen many syndicators buy deals that are value add and have an exit plan of around 5 years.
Does anyone here do syndications where they cash ou...
Chris Sellers
Seeking Sell vs Hold Advice
I'm really interested to get some opinions from other BP members for what price point you would sell to cash out vs hold for cash flow. I'm considering selling two properties located in smaller towns outside Charlott...
Joanne Basecki
Another way to access funding 4 a small rehab?
So many lenders will not touch a small deal. Could this be a remedy and if not why not?
1. Assume there are 10 investors in the City X who purchased with their own money 10 properties. Each property has ARV significa...
Michael Lauther
My market is better than your market
Many of us choose a market and focus on a relatively small area like a laser. What are the significant attributes that you have considered which makes your market a winner going forward.
How do these attributes play...
Geoffrey Serdar
Engagement Fee for a loan: LENDBASE
Have any of you ever heard of an Engagement Fee for refinancing?
LENDBASE has the following fees
Conventional:
1% origination fee
$500 doc fee (est)
Title Work TBD
Appraisal $2000-$3000
Environmental $0-$20...
Kenneth E.
Review of P2P lending Sites, BP Style
Hey all.
In another discussion on peer to peer lending I came up with an idea. I am willing to identify a multi-family property nearby that is listed on the MLS and will post the particulars on a few of the most pop...
Robert Siverd
Buying a building for small business
I posted this in the "off topic" section and got no replies:This is a situation that is not typically seen on BP. I am a partner in a small business. We have three locations currently and we rent all three spaces. W...
Carl West
Lending my friend 5k
My friend asked me to borrow 5k to finish some work on a property he’s flipping using hard money so he can get his next draw is this something I should consider if so how should I go about it? He’s offering me 7500 t...
Kevin B.
Buying a lien to force foreclosure?
I was hoping someone with lien expertise can help me understand how they work.Background: a neighbors house has been abandoned for quite sometime now (2009?), property is in pre-foreclosure but bank/company "servicing...
Ryan Gyllenband
HELOC in Texas on Investment Property
Has anyone had success getting a HELOC on an investment property in Texas? WF and Chase used to do it but stopped due to COVID. Looking for any banks that still do it. I’ve checked with every credit union and small...