My investor has offered me 100% financing, including a commission for myself, at 10% interest, a 1% prepayment penalty, and a 2 year balloon. I am currently using these terms on my renovations. Most of my transactions...
We are currently trying to buy a property in North Dakota which will be an investment property for us, but my mother-in-law will be living there. Our problem is, we have identified a property to buy but we are right i...
Hi everyone,I am pretty new to the site and have been learning a ton poking around here. This is one of my first posts so please be gentle. I'm asking for two reasons... first I am about to self manage for the first t...
Hey everyone,
Thinking of buying a condo here in Chicago (I know none of you are fond of that, but I have my reasons)
Say I buy a unit/finance it in my own name. If I transfer ownership to a LLC, does that free up m...
New user here! We have one rental property in Texas and just did a cash out refinance . (Our current tenant's rent is paying for total cost of new mortgage, including cash out)We are currently looking at properties in...
I was listening to the BP podcast show 53 and Josh mentions purchasing cash and then doing a refi on your properties. Is it a better strategy to purchase a property all cash then to do a refi OR to try to purchase the...
Hi everyone! I'm brand new to Bigger Pockets and have already learned so much! Thank you for this amazing community.I'd like to get your guys' advice on my situation and what you think would be the best way to proceed...
I was talking to mortgage company loan officer and I mentioned that I would be getting a private money loan from a friend for an investment property I’m looking to buy. She said that the bank will generally frown upo...
Ok, so right now I have a very rough sketch of a plan before I make my first purchase. However, the more I look at it, the more I think I have to go back to the drawing board.
Here are a few details..
I do not own m...
I'm new to investing. I've been educating myself for a year and I am ready to do my first deal but raising capital seems to still be the obstacle. I would like to by a single-family residence to begin with and rent it...