Juan Alvarado
Creative financing question
Hi fellow members. Here is my question. I’m thinking about doing a deal with my partner to pull equity from one of my rentals. The plan is to sell him one of my properties.I currently do not qualify with banks due to ...
Luiz Souza
GMAC Approval letter clause
OK, here we go again!! Just received an approval letter from GMAC with a clause that reads: "THIS TRANSACTION MAY NOT INVOLVE A THIRD PARTY WHO RECEIVES A DEED PRIOR TO THIS CLOSING OR AFTER THIS CLOSING AND BEFORE R...
Sisto Averno
Partner Structuring/BRRRR method
So I have a few potential partners, they are bringing the money to the table. Our goals pretty much align, they are buy and hold. We want to use the BRRRR method. I have a few questions:
1. How to structure the partn...
Christian Lawson
Worst case scenario with real estate investing
I would like to get out of my 9-5 and I am currently already selling real estate on the side. My wife and I just bought our first property that we will fix up and lease to own. When I talk about buying another prope...
Sue Ellen
Mortgagee's Title insurance question
Hi, I'm refinancing my home and have drafted a buy-out with my ex- through a promissory note with a payment plan with interest. His legal documents have come back request to get a mortgagee's title insurance. My lawye...
Ellis Fairley
Investing with a retirement account
If I have a TSP account and my plan is to use it for real estate, would it be smarter to use a traditional account vs a Roth account? The goal is to hold long term rentals, so if I’m transferring the value and not pla...
William J Steiner Jr
Bank? Mortgage Bank? Mortgage broker? Portfolio Lender?
So I begged, borrowed, and stole (not really) to build my portfolio up to just short of 3 mil in 8 properties. I'm looking to cash out refi. I have been working with a small bank for 3 months and they still don't have...
Ray B.
How to find the right partner / lender?
I'm new to BiggerPockets so please let me know if I am post in the wrong space. This site is still new and confusing to me.I currently have an off market deal for a multi unit in an A+ neighborhood. This is a retired ...
Tracy Taylor
1890's Diamond in the Rough!
Investment Info:
Single-family residence fix & flip investment in Loveland.
Purchase price: $120,000
Cash invested: $79,000
Sale price: $285,000
This property had been on the market for over ...
Tyler Stone
Security deposit Transfer with Residential Mortgage
Hi All, I am under contract to purchase a single family home in Rhode Island that was supposed to serve as my residence. The P&S states that the seller will deliver the property to me free and clear of tenants. I’...