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Hi Biggerpockets, I need some clarification on what the lending company is going to really charge or better yet on how to do the Proper Math!
On the contract it says the following:
The applicable annual rate will b...
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I've been reading a few books about owning rental property, and in several places, I've read that you should document when you enter your property to inspect it, when you recieve a phone call from a tenant, when you s...
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Hello everyone, seems like I don't post very often but at least I know when I do I always find someone to help out with questions. Anyway the park I am looking at is 47 pad, with 41 occupied. Lot rent $225 mo which ...
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Looking into buying my second rental property and have found a duplex that has two current “happy and long term tenants”. Is there something I can ask of the current owner that’ll prove that they have been paying? If...
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Hello BiggerPockets! I'm currently developing a presentation to get financial assistance from a long time friend (basically family). This friend and I have always talked about starting a business together and my recen...
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Not sure if this is the right place to post this but I didn't see an "Equity" section in the forms.First a few example numbers: Say the property is $1,000,000 with 30% down, so $300,000 equity required @ 8% hurdle.So ...
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Thanks in advance. I have zero financial background, and I’m trying to wrap my cranium around the finance part of BRRRR.
Bottom Line Up Front (BLUF): if I use a personal friend to loan me money to buy my first prope...
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Hello,
Currently I own three properties and I am researching more creative ways to acquire properties. I came across syndication and I am wondering if this type of strategy works for single families, duplexes, three...
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As a wholesaler, I am quite familiar with the 70% rule when it comes to selling a distressed property to a flipper. However, I have a lead who is selling a turnkey rental that they are just tired of owning. For a d...
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So I need some help on a 1st grade level..... There is a family friend I want to approach in regards to private money/private lending. I've heard a lot about this but I haven't really seen it dumbed down on how it w...