Hello, I'm just delving into acting as a private money lender for single family house rehabbers. Common terms I've been offered by the developers/borrowers range from 8-10% interest, for me to invest 85-100% of acq...
If you suddenly had $3 million in your possession, what would you do with it?
The House of Representatives passed a new law called the "Equal Opportunity for All Investors Act" with a big vote. This law is meant to change who can be considered an accredited investor in the U.S. In the past, bei...
I own a house and put an ad on Craigslist to rent a room for $675 per month, which includes all utilities. This is my first time renting and first time reading someone's credit report. This guy came to my house, fi...
Hello PBers. Hope you all have great results on your RE endeavour this first half of the week. I personally didn't gain anything financially, but got some exciting things to think about.Besides the multi-division lo...
would it be legal to require applicants make at least 4X the rent monthly to be considered?ie rent is 1000 so must document that income is at least 4000 every month?also how could it be made legal, if possible somehow...
Hey Bay Area investors! Newbie here, scoping out the market for my long-term rental property. Any suggestions? Is Tracy, Fresno, Stockton worth some research? Or Reno/Tahoe makes more sense?
The context being today's market.Assumption: the new asset would be in addition to your existing positive cash flowing portfolio.Requirement: the new asset’s cashflow cannot be negative. It must at least break even a...
Hello!
I am potting this out there to see if anyone has had a similar experience or has any advice!
I am 26 and I have a mountain of student loan debt (230,000 ) Yikes! I currently live at home, and have been lear...
Background: The economy is on a tear, but trees don't grow to the sky. At some point, it will over-extend and go into recession when financial commitments default.Last time, the trigger was a default on home mortgage...