Peggy Mitchell
Loan Structure vs Financing
Hello everyone! Buying a new rental in New Jersey. Struggling with how to properly structure this purchase. My personal credit is in the 800 range and traditional lending can get me financed at 4 to 5%, this is my ...
Christopher Lane
Here’s a stupid question, but hear me out...
Hey everyone, I think I have a stupid question, but the more I think about it the better it actually sounds. I’m looking to buy my first property and the only thing holding me back is a down payment that won’t complet...
Omar Lee
Trustworthy Property Managers
I've been shopping around for a property management company (PM) and I'm astonished by what I've seen. Some of the contract terms I've reviewed are down right bewildering. What's even more surprising is it appears to ...
Mike Polizzi
Hurricane Sandy Re-Build: Need Advice for my Parents!
Hello BP, I need your help now more than ever!Here's the scenario: In October 22, my family found out that our life life long vacation home/rental property was absolutely demolished in Hurricane Sandy. Although my par...
Jonathan Pavkov
First Syndication Deal
Hi - I'm new to real estate investing and looking to build out a syndication team. My background: I'm a CPA, and just got my real estate license. I plan on selling real estate to in the short term to learn more about ...
Cason Moore
Earnest money not used at closing but not disclosed
Had a buyer for our home put 2K in earnest money down. Closing date could not be met due to issues seling her home, which was not a condition of our contract. Extended closing with additional 2K earnest money, for tot...
Vincent Plant
1031 Exchange - Who to trust?
Looking for a good recommendation on an intermediary to execute a 1031 on 2 deals I am doing in PA. This is my first attempt at a 1031 exchange and I honestly feel a little weird wiring a boat load of money to some co...
George Gipson III
Brrrr Strategy Confused at Refinance part
Ok I am purchasing a dulpex for $60,000 it was listed for $75000 and rents for $600 each side. So do I need private lender or a conventional lender like credit union for my initial purchase of $60,000. With a regular ...
Jay Hurst
What goes into cash to close? What are closing costs and what are pre-paid items?
There is a lot of confusion about what comprises closing costs and prepaids and understandably so. I see a lot of posts on Bigger Pockets asking if I should refinance because my closing costs are XYZ. Often, these num...
Julia Trudeau
Private lending using self directed 401k
I presently have a 401k. I am wondering if I wanted to set it up to do private lending out of it and so set it up to be self directed, how do I handle the portion of funds that I don’t want to lend out?
For example,...