Mike A.
Buying an old bank and removing the safe
There's an old bank for sale in CT in a great location. It's a pocket listing, so it's not on the MLS yet. However, the building is in excellent condition, but one major drawback. The bank vault is still in the buildi...
William Coet
Do Banks Treat Equity In Property Like Cash?
A recent discussion regarding 15 yr vs. 30 year mortgages got me wondering about this; When considering a borrowers financial statement, do banks consider equity in a property the same as cash? Do they value cash mor...
Brad Havens
Sheriff's Auction Bank Bid Estimate on HAMP Property
I'm looking at a Sheriff's Auction for a property which was refinanced under the Home Affordable Modification Program (HAMP). The result of this refinance was two separate principal amounts, a 'current' principal amo...
Ama S.
Anyone here Buying from the Detroit Land Bank?
Is anyone here buying from the Detroit Land Bank? Please share your experience. Thanks
Lisa Mohamed
Real estate Investment- banks that loan to flippers
Hello all, some friends and I are getting together so we can start flipping. I flipped a SFH in 2015, in S FL, and made a lot of money. But that home was purchased using an FHA loan and I lived in it. So now, we are l...
Sarah Spinks
Limit to Seller Carried Contract to avoid "Banking"
I have an investor that owns several lots and wants to offer Seller carry terms and subordinate his seller carry to the bank's construction loan. Question. Is there a limit on the number of seller carried contracts he...
Justin Kushner
Starting Out Setup... Bank Accounts, Credit Cards, Etc.
Hello, BP Community!I am close to acquiring my first two SFRs in Alabama, and will be adding one in Indy shortly for a total of three.While this is very exciting indeed, I am now getting overwhelmed with the concept o...
Nathan Aune
BRRRR Refi Banking Presentation: What Numbers & Info?
I'm meeting with 5 local banks next week to pursue a cash-out refi on our first local BRRRR. I'm putting together a little packet on our current portfolio (4 out-of-state turnkey SFR and now this 1 local BRRRR), curre...
Ashley Larsen
Owner finance and bank calling the loan question
Hi Everyone, For those of you that do owner financing where you essentially become the lender, have you ever had the bank call your loan? If so what happened when they did and how did it affect the current owners who ...
Laurie Horning
HELOC Question: Bank vs. Credit Union vs. Lender
Hi BiggerPockets Community!
I just purchased my first investment property. It's a large 3 bedroom, 2 bath house that's zoned multifamily so it can be turned into a duplex (goals)!
My partner and I are planning to ...