Sydnee Gross
Purchasing property via 401k loan?
Hello! I’m looking into investing in RE but having difficulties with hard money loans. Have any of you purchased property via 401k loan? What are your thoughts on this ? I invite any and all comments and recommendatio...
Janell E.
Funding Down Payment of Seller Finance Deal
My partner and I have found a deal that includes 18 units for $1,168,000 with seller financing 25% down, 5% interest, 5 year balloon, 30 year amortization schedule. We need about $320k to allow for some reserves. We h...
Vince Gethings
What is the Best All-in-One bank for rental property management?
Good Afternoon BP!As the title says, I'm in the market for a new bank; hopefully one that can do it ALL efficiently and with great user-friendliness. I've tried to keep it "local" and support my community, but it's ju...
Brian Grignon
Hard Money Lender asking for Wire Transfer
I'm looking to flip a property in my area. I have engaged with a private money lender to try to get the deal financed. I received a "conditional commitment" letter from the lender. To begin processing the loan, he'...
Michael Politi
UBIT Implications for Preferred Equity Investment
I am considering investing in a Preferred Equity Syndication. The pref equity would pay out a 7% (annualized) quarterly distribution and a 7% back end return when the pref equity capital is returned. The capital stack...
Brenda Whittaker
Now Here's a Good Question For Ya! PL Dark Side?
I hear there are a lot of private lending scams out there. Are there none beyond your own personal acquaintances that are reputable? Do they all charge application fees? What is the best way to check a prospective ...
Jim Murphy
My first Short Sale
I closed on a house on Dec 2nd it was my first short sale deal I had been involved in about 7 attempts at short sales during the previous year and none came to fruition . What I found was the delay from the bank becom...
Michael Panik
Mayor Woodfin: "Dear slumlords...Clean up your properties. Now."
The comments can be very insightful. Easy enough to scoff at something like this, but if you want real market feedback from the most disgruntled people in your market, read them carefully.https://www.facebook.com/Mayo...
Will Sampson
Special Assessment Help
I bought a 1 bed condo in Panama City Beach in the beginning of 2022, it has been a profitable investment but cheap, so not a ton of cash flow. Unfortunately, the HOA is about to drop a special assessment for nearly ...
Johnny Wehmann
Seller Financing structure
Before I start paying my attorney, I would like to hear suggestions from BP members. I'm working with an owner open to seller financing with a 3-year balloon. The details are as follows:Purchase price $385,000. It ...