Anestis K.
Cashing out 401K for down payment or full payment
Hey Bigger Pockets.... I had an idea and need your opinion. I just closed on my 7th property, and for the first time made two purchases in one year. Unfortunately, my cash reserves for down payments are gone but I d...
Sieanna Ariel
Owner-occupied 203k Multifamily
If one is to go about real estate using a FHA loan specifically the 203k for rehab and purchasing, what will cover the owner-occupied expenses the first year? What happens during the one year period of occupying a mul...
N/A N/A
New player , New deal
THis would be my first deal.
I found a house for sale in an economic thriving neighborhood. Nice homes, no crime, its growing development wise, everything checks out. The house 3 Bed, 2 Baths. $160,000. So to my non-...
Brittany L.
What would you offer on this note?
Hello all!
I am looking at my first note purchase and am not sure how to determine a reasonable offer. Here are the details I have on the note:
$29,900 Sales Price of property when note originated
$ 1,500 Down Payme...
Ingrid Nagy
Has anyone actually seen a successful loan mod?
I have several friends in the middle of foreclosure and have been watching their struggle to obtain loan mods. It is a jungle out there!!!!!!! I was wondering if you know of anyone who has actually completed a succe...
Riley Hinshaw
Flipping a house with 100% OPM
Are there really private lenders out there who put up 100% of the money for a deal and only charge interest? Or lenders who will cover down payments? I see multiple mentors preaching this strategy, obviously I don’t t...
Trevor Smith
Seller Financier Safety Net Options?
Hi all,In a nutshell, what safety net does an investor that is carrying a note but using a bank loan to do it, have as far as mitigating risk of default? I am very interested in seller-finance. I want to hold the note...
Miljan Vukovic
Looking for first time loan - Chicago, IL
Hello BP community,I am a just starting in the Real Estate and am looking for a loan to allow me to purchase a first time home and renovate it. I have cash on hand (<$10K), so the loan would need to be able to supp...
Andrew Jensen
Fourplex Investing Using an FHA Loan
Hey BP! I have a question for anyone who understands FHA loans. My wife and I are looking to use an FHA loan to purchase a fourplex somewhere in Salt Lake or Utah County, but fourplexes are a little out of our price r...
Brandt Welch
How to Finance My Second Property
Hello BP community!I recently purchased my first home about 8 months ago and I'm looking to buy another in the area to rent out. I had a conversation with a lender this morning and he mentioned that the underwriter fo...