Robert Walden
Seller Take-back of Renovation Costs in Bridge Loan
I'm exploring a creative financing technique where the Seller raises the agreed-upon $60,000. sales price of the property by my $15,000. estimate of repairs. That will qualify me for a bridge loan with a 75,000. minim...
Maureese Jones
Treasuries are down
Treasuries are down close to 30 bps in the last 8 business days.The reasonable bet based on tracking the last year is that they’ll swing back up 20-30 bps in the next couple weeks….What’s the over, under here?Where’s ...
Ayodeji Kuponiyi
OFFER ACCEPTED, HOW DO I GET THE FUNDS TO CLOSE??
Hey fellow BPers!I found a REO 5 unit asking price: $159K. After going back and forth, the bank accepted my offer for $115K. Awesome now I need funds to close. The apartment is currently vacant and needs cosmetic repa...
Christopher Manno
Clarify and explain Private lending payback
Hello! With private lending or hard lending, please clarify how the loan payback with interest tactically happens after you add value and fix up the property (BRRRR) then bank refi? Lets say you commit to 5% interes...
Meghan McCallum
Is it time to cash out that equity yet?
Case Schiller on a 31 MONTH HIGH!?! Maybe we should be more concerned about the return OF our money rather than the return ON our money. If you aren't getting out should you think twice about getting (any further) in?...
Mark Powell
Owner Financing???
how does owner financing work? how can i use it to my advantage? I have found buyers for homes. buy the buyers are wanting owner finance. low to slow credit im sure... How can I buy a home from seller without using an...
Dushyanth Hegde
Looking for advice on cash-out refi options
Hey BP Community,
I'm looking for some advice on a situation I'm currently in. I recently purchased a 3B,1B fixer upper towards the end of July, 2023 in Columbus, OH and the renovations are almost complete as of toda...
Mike Thao
Help with backing out.
Hello I'm new real estate and I need some help backing out of a WB-11 residential offer to purchase as the seller? I realize that I will not be ready to move out and wanted to now if there was anyway to break the cont...
Missy Improta
Earnest Money
Hi All, how much are you typically offering the seller in earnest money for flips? I am meeting with a seller tomorrow morning and not sure how much to offer for deposit to have her take me seriously but not put to...
Kurt Moeller
Hard Money Lending Example - Is this Accurate?
Hello!
I am looking to better understand HML and am looking for feedback to verify if my three examples are in the ballpark of how Hard Money Lending works? I am not counting and documentation fees for sim...