Kelby Schimming
Bank Loan for a Down Payment?!
BP,I have a deal in the works and the seller is willing to finance. However, due to my inexperience, he is requesting a down payment around 300k. I will also need another 200k for closing costs. It is an off market $8...
Randy G.
What’s a good return for someone that wants to invest in me.
Hello all! So I’ve flipped multiple houses and Have made pretty good money. A familyMember Wants to lend me money. I was flattered by the offer. Now I want them To make a good chunk of money but I’m not Exactly sure w...
N/A N/A
Turning Primary Residence into Rental
Hello Everyone,
I have kind of a sticky situation. My wife and I have jointly owned our primary residence (let's call this property A) since 1996 and have built quite a bit of equity in it. We recently decided to p...
Clif Charles
Hardmoney to traditional
Has anyone delt with a hard money lender then financing at the end to a traditional bank? Was the process difficult, would you do it again? What are some things you learned. I am thinking about using hard money to fu...
Heather C.
Should I sell to pay off debt
Background Info: My husband and I own 1 rent house with about $35,000 equity and 6 rent houses with 2 other partners with about $50,000 (our share) equity.We have about $20,000 in debt other than our house that we ...
Willie Banks
MAKING CONTACT WITH A POTENTIAL PRIVATE MONEY LENDER
Should I come up with a outlined Business Plan and explain to my Private Lender how I plan to use there Money or can anyone give Insight to a better approach???
Josh Rich
Partnering on my first deal
A BP friend and I have been talking about forming a partnership by doing a fix and flip deal together and we need some guidance. Here's the rundown:
We are splitting costs 50/50, profit share is 75/25 (he ...
Luka Jozic
Does bi-weekly payments make sense in a cash-flow market?
I understand that doing bi-weekly simply means you are doing 13 mortgage payments a year as opposed to 12. So you get one payment each year that goes straight to principal. I've read other threads on the topic and it ...
Eli Kallison
Funds vs. Buy and Hold
Hey BP,After doing significant research and thinking through my goals (PASSIVE cash flow= primary, capital growth= secondary), I'm starting to think investing in funds & syndicated deals makes more sense than buyi...
Justin C.
100% owner financing at 0% interest... is it possible??
Hello BP!There are (2) 4-unit buildings right in the middle of where I like to invest that are part of an estate sale. This estate has liquidated several other larger multifamily buildings in places outside of my are...