Chris Hoffmann
What are some SOPs or best practices on due diligence before investing into a fund?
Hey team, My name is Chris Hoffmann, I am a small business owner based in Dallas, TX. Just finished up the winter Rookie Bootcamp where my wife and I have decided to leverage a HELOC from our primary residence to inve...
Scott Price
Lender taking annual personal credit reports on commercial loan!
Hi, I just ran into an unusual situation and was wondering what experience others have. I have had multiple commercial loans over the years, and many now require a fresh set of financial statements, rent rolls, etc. ...
N/A N/A
Turning Primary Residence into Rental
Hello Everyone,
I have kind of a sticky situation. My wife and I have jointly owned our primary residence (let's call this property A) since 1996 and have built quite a bit of equity in it. We recently decided to p...
Josh Rich
Partnering on my first deal
A BP friend and I have been talking about forming a partnership by doing a fix and flip deal together and we need some guidance. Here's the rundown:
We are splitting costs 50/50, profit share is 75/25 (he ...
Jack Srimani
How does one get loan for renovating a property for flip
HiHi,
I just checked out a property. This is a bank REO SFH. I am pre approved for the loan to buy this house. However after the purchase it will take around 20k-30k to make renovation in order to sell this house at a...
Adam Jaken
What will happen when interest rates go up?
Hi guys and a happy Sunday to you all!
I am predicting the rental income will go up as soon as interest rates go up.
The reason I came up with this conclusion is because when interest rates go up it will make it ha...
Brandon Turner
Have you used private lending? Tell me your story! (for tonight's webinar)
Hey all -I'm doing a webinar tonight on Private Lending and I'd love to tell a couple examples of people who have used Private Lending to fund their real estate deals. So... in 200-ish words or less, how have YOU used...
Henry Le
Buy and hold without a credit score?
Hello BP community,Is it possible to obtain conventional financing from banks without a credit score? I heard of manual underwriting, but from my research, you have to jump through hoops and most banks don't offer it...
Sean Daugherty
HELOC and LLC
This is my first post outside of the newbie introductions, so I apologize if this isn't in the correct forum. I've been listening to podcasts and reading forums and articles for what seems like forever, yet there are ...
David Oldenburg
Private Money Loan Doc Software
I want to know who uses loan doc software to create their NOTES and disclosures when they lend their own money? Who do you use and why? I usually have the title company create the NOTE for me with their generic prog...