I have a private lender who is owed the full amount in a few days. He is interested in continuing to loan the money. What would you use to change the terms of the loan to extend it another year? Simple addendum? A spe...
Hi,My name is Jai. I am new to the site and trying to acquire my first investment property. Since I have limited funds (borrowing $28k from my 401k) for a down payment and reserves, I am planning to start with a to...
Hey BP community,
I'm looking to expand my real estate portfolio and I'm particularly interested in REO-owned multifamily properties with 5 or more units. I'd love to hear from experienced investors about:
Best re...
I’m coming up on the end of my 6 month grace period before I have to start paying my student loans. Between my wife and I,for the standard 10 year pay off, would be paying a little over 800 per month for the next ten ...
I have finally completed my first flip. Everything that could go wrong went wrong. The flip was funded by hard money for a 6 month term. We are finally about to list the property for sale but the hard money lender wan...
Has anyone done an extension on an open ended loan? I am familiar with the concept, but not so much with the nuts and bolts of how to get it done. I believe there needs to be a new note and security instrument. Not...
Hi BP community. I am new to Bigger Pockets. I am interested in tax liens. I have gone through the process of funding my own tax lien and the foreclosure process. I have listened to Tony Martinez and Saen Higgings abo...
Hello - I'm struggling with a calculation. I own a property in an up-and-coming neighborhood and would like to purchase a second with a cash-out refi on the first. To keep things simple, let's say I have 200K in equ...
A friend is wondering about syndicating and bringing in equity in California. Building and then renting a 20,000' warehouse to marijuana growers. $110/s.f. to build and a 10% return. He owns the land in Sacramento. An...
I’m looking to start out by house hacking in the current college town I’m in (Starkville, MS). My dad is a veteran and since well be co signing, we havd plans to do a FHA 3.5% Down loan, but we’re curious to see if th...