All Forum Posts by: Tamara V.

Welcome to BP @Ulric Donawa.

@Julia ThompsonWelcome to BP!! You've landed in a great spot. There is a lot to learn but BP puts it all at your fingertips. Good luck following your dream!

Ahhhhh, I see. We sold our home in NJ in August when we moved here so that explains my surprise. After I posted originally I reached out to our agent in GA and she said exactly what you said only they (in the office) still refer to it as a HUD though they all know it's not.

Very interesting. Thanks for the clarity! @Russell Brazil winning!😄

@Russell Brazil Wait, the HUD1 is dead? Why is this? I'm fascinated. I'm preparing to sell our investment property in GA (it's fabulous by the way) and this is the first I've heard of this. What's replaced the HUD form?

Welcome to BP!

Welcome to BP @Shay Francis! I find this site very educational. I'm too am new to the financing portion of REI but to answer your question the primary difference between hard money and private money is that private money tends to come from people you know while hard money comes from people who you do not know, but who are not banks. An example of private money might be money loaned to you by friends, family, or people who you may know. An example of hard money is typically an individual who you do not know, who has money to lend but who is not a bank. Their rates are typically high (12% or higher) depending on where you live, they will charge points, and your rate will largely be determined by your level of experience and how much money you contribute to the project personally.

I'll let others with more experience chime in on this.

@Shawn Gagebywelcome to BP! There are lots of great people on this website to connect with and to learn from. Having owned property in NJ and GA, I'm making the transition from buy and hold to fix and flip. I'd welcome the opportunity to talk to you regarding residential projects in both MD and DC.

 Best!

@Account Closed I enjoy your posts and find them educational. I wonder how things change if you are a licensed realtor - for example using a skinny contract of sale. If you are licensed are you required to use the forms realtors use (I have found these to be not skinny) in Maryland and DC?

Welcome to BP @Manpreet Singh! There's a lot of information available here on the site as well as lots of people willing to give advice. I wish you much success!

My husband and I had the exact difference of opinion when we owned a tudor that was dark because of the walnut wood on the walls and ceiling. I loved the wood he wanted to paint all of it. In the end we compromised and painted the walls but not the beams or doorways. That house was dark but very open and needed some brightening so the compromise worked well because we retained some of the character of the room but made it look much lighter and more contemporary.

All of that being said I love that ceiling and think it doesn't need to be painted at all.