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I am completely new to REI "NEWBIE" ALL THE WAY, so I have my concerns with a lending opportunity. I asked the developer how is he going to secure the loan so that I am guaranteed the return of my principle? I was tol...
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I just purchased a house as a part of a package. The bad house has a bad tenant with no lease, she's impossible to reach, and a ton of people are living in the house. The house is in disrepair too. I don't have key...
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Hello All!I'm exited to share my experience on buying my first property!I had actually lost the house on the bidding process AFTER I had signed the contract myself. Luckily for me the other guy's financing didn't come...
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I drove through Haverhill last night looking at some multis and of course, they happened to be in some of the roughest neighborhoods of Haverhill.Lowell, has its good and bad as well. What does the BP Mass group thin...
Hello Biggerpockets, I purchased a single family home 5 years ago for $80K. I financed it on a 30 year fixed rate loan. The rate was 5% and was financed as a owner occupied home. My monthly payment at first was $63...
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Dear Lenders, I am looking to run my real estate business under an LLC, am I able to finance my 1st deal through my name, and supply the title, etc. through my LLC? This way I can utilize lower rates (aiming for the B...
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There were several recent threads created discussing normal bathroom shower issues with tile and windows in them, in one I had briefly discussed some work I recently did in a remodel and figured I would start my own t...
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I am looking to purchase a 5 unit apartment building in a small town in Maine. I am getting a deal at 60k for the building. Appraisal value is 120k. 3 units occupied, two vacant currently. Building is in fair conditio...
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Hey All! I want to have a conversation with my father in law about being my private lender. He’s more of a stock market than real estate guy. He has plenty of money and I want to help him help me so it’s a win for bot...
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Hello BP!I'm very excited to leap into this awesome community. I'm an active duty service-member and plan to stay that way for another 16 years, not only not secure a comfortable retirement, but because the privilege ...