Jeska Summerfield
Ready for my first purchase! Tips on low income financing?
Hey all! I'm ready to buy my first home, but I've been hesitant to pull the trigger on pre-qualification. I reported very low income for the past 1 years, less than 10k, 1099. I've been working as an estate property m...
Jerry Zigounakis
3-2-1 Buy Down
What is everyone's thoughts on 3-2-1 Buy Down. I'm in the process of purchasing a STR and am intrigued by the 3-2-1 buy down. 1st year of the loan would be 4.5%, 2nd year 5.5%, 3rd year 6.5%, 4th year standard market ...
Beau Alesi
Short sale advice
Hello and thanks in advance . My friends house in short sale . It’s going up for auction April 6th but he filed bankruptcy so he said the auction would be canceled . He’s been going through this for many years now. Th...
Michael McDermott
Should I create an LLC?
I currently own one single family rental property and am looking to purchase a duplex or a triplex next to rent out. Would it be in my best interest to create an LLC?
I'm a newbie here and am looking for all the guid...
Nicholas Lemmond
Fighting fear of failure, or jump in?
Hello All,First post on BP and I'm so glad to be here! I'm looking forward to beginning my REI journey and haveing y'all in my back pocket to help and answer questions!So, a little background on me - I will be exiting...
David Weintraub
Lenders Should Charge Up-front Fee
I have often read people post things like, "Lenders shouldn't charge upfront fees...if they do, RUN!" And for a period of time I seemed to agree with this. I have to say, I no longer do. Full disclosure, I work with...
Jonathan Wheeler
Personal Loan Question
Hello yall, What is the best way to make/format a loan if there is no physical property attached to it. For example, giving a loan of $15,000 toward the repairs or purchase of a potential property? What type of contra...
Jacob Michal
Preventing due on sale clause
So as I get into the journey of learning more about rentals and trying to hold properties instead of only wholesale them. One thing me and a good friend of mine were talking about is how there is a possible downturn (...
Rick Howell
Hard Money Loans: What You Need to Know
If you are new to property investing, you may be familiar with the term “hard money loan,” but you may not be aware of how it works. In general terms, hard money loans come from a private individual (or group of indiv...
Joe Pieretti
Student Loan Payoff Options
Hey guys,I’m in a tricky situation. I have about 40k in student loans. They are divided up into 3 private loans all with interest rates ranging from 8% to 11%. As you can see the rates are extremely high. The loans ar...