J. Tyler Moore
How to be a hardmoney lender - without the work?
Hi everyone!It recently came to my attention that my grandfather has way too much money sitting in a standard savings account earning a pathetic less than 1% interest rate. My grandfather's gears turn in money and I'm...
Jake Recz
HELOC Closed! $94,000! It was quite an adventure!
Hello. This is probably not as much of a success story as I often see here but... To me, this is big. We bough the property at the end of 2015. All cash. $54k with closing costs. Owner occupied. We renovated it big ti...
Scott Trench
How Important is Your Credit Score?
I've noticed that a lot of people on the site come on and ask about how they can get started investing with a poor credit score and if that score even matters in real estate.I'd argue that it does. I think it makes o...
Javier D.
Please help me analyze my first multifamily deal (with some #s)
Good morning BP,Thank you in advance for reading my post. I have over the past 10 years acquired 23 doors consisting of sfh and duplexes throughout Florida. Right now I'm working on a 40 unit about 4 hours from me whi...
Cory Damon
$30k Cash: Pay down mortgage or use to invest?
#askBPI have $30k saved and ready to use. Is there an advantage to using this to pay down my current (primary) mortgage and then getting an equity line of credit, or should I use this strictly as investment capital? ...
Julian Buick
Why would someone sell a "perfectly good" seasoned performing note for 60-65 cents on the dollar?
I posed this question on a recent forum post and got this response:To address your question we have to pause on the idea that you implied of "perfectly good". Is perfectly good the simple notion of payment history? ...
Alvin Uy
If you had access to a $900k HELOC, what would you do with it?
Ok.. so I was able to pull $900k+ worth of HELOCs between 2 of my 5 properties. I decided to temporarily leverage some of that equity into a property Im flipping (ground-up/new construction) here in Los Angeles. Th...
Raden Mantuano
Question on Interest only loans..
Hey everyone! So for those of you who’ve followed my previous post on getting my first rental property via seller finance, I wanted to follow up and get some insight on some of the terms we’ve agreed upon and accepted...
Piku Nanda
Can one get a HELOC type loan on a commercial property ?
Hi All,If a person has equity OR owns a commercial property , can they get a loan on the same ? I know one can get a HELOC loan and leverage equity in a house. I am wondering if something similar exists for a commerci...
Josh Shaughnessy
What are your VA loan horror stories?
There are so many details, potential missteps, and fine print involved that sometimes it's understandable why so many listings specifically say they won't entertain VA offers. Let's change that. For the new year, let'...