Hello Family!I'm considering using seller finance to acquire my first property. Do you have any advice on how I should negotiate the contract? Also, what dangers should I look out for?
I am new to wholesaling and went to one of the houses on my pre foreclosure list and found out the owner of the home had passed and it was currently her son living there after going through the house and looking at re...
I was wondering if anyone has had experience using a 401k loan for capital towards buying an investment property? Most company 401k plans (including mine) allow you to take out a loan of up to $50k (or the lesser of 5...
Hey everyone, I’m glad to be apart of this community. So I’ve been doing some research on analyzing the real estate market and decided to start flipping. Y’all got any recommendations on how I can raise private money?...
What is a “Hard” Money Loan?
There is apparently, a lot of misunderstanding as to what is meant by “hard money”. Amongst the common misconceptions I see by posters on BP are that hard money loans are junior mortgages...
Hi Everyone,I recently purchased a home with an FHA mortgage, after closing I received a letter from my lender that the FHA has not accepted my loan for FHA insurance and now my loan is no longer an FHA loan. How is t...
How does everyone here mostly buy there properties ?
Cash ?
0 Down Financing ?
10 - 20 % Down ? ( Does anyone here do this ? )
Equity ?
Owner Financing ?
Anything else ? ......
I make $34,000 a year and am wondering how people start investing in multiple properties without having the active income to sustain the mortgage in a scenario where the units might be vacant
Hello all,I've been asked by a colleague if I had any interest in being a private $$ lender for a home flip in the Chicagoland area. I have no experience in this and I'm not even sure where to start to know how the pr...
I am doing some due diligence on a property. Just thought I might get some opinions. I am looking at a property that sold for 10,000 in 2008 and the current owner purchased for $0.00 (Acorrding to county records). Ask...