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All Forum Posts by: Bob Reinhard

Bob Reinhard has started 32 posts and replied 465 times.

Post: Where to find Private Lending for Next Investment

Bob Reinhard
Lender
Posted
  • Lender
  • Patterson, NY
  • Posts 488
  • Votes 186

Private lenders are traditionally family and friends. Many huge investment houses tout themselves as saying they are private money when indeed they ... well, you get the idea.

Try a portfolio loan with a hard money lender ... usually terms up to 15 years or payments with 15 years / 30 and shorter terms.

Reach out any time.

Bob

Post: Section 8 Program/Guidance on Taking n Your First/Next §8 Tenant

Bob Reinhard
Lender
Posted
  • Lender
  • Patterson, NY
  • Posts 488
  • Votes 186

Come to the diner join like-minded investors, from newbie to seasoned, in a relaxed atmosphere, for a presentation, open forum, and of course, networking

Post: Section 8 Program/Guidance on Taking On Your First/Next §8 Tenant

Bob Reinhard
Lender
Posted
  • Lender
  • Patterson, NY
  • Posts 488
  • Votes 186

Come to the diner and join with like-minded investors, from newbie to seasoned, in a relaxed atmosphere, for a presentation, open forum, and of course, networking

Post: Hard/Private money for acquisition of single family

Bob Reinhard
Lender
Posted
  • Lender
  • Patterson, NY
  • Posts 488
  • Votes 186
On its face, the deal numbers are positive. That being said, reach out anytime to discuss anything real estate.
Bob

Post: Promissory Note - Signatures / Enforceability Question

Bob Reinhard
Lender
Posted
  • Lender
  • Patterson, NY
  • Posts 488
  • Votes 186

Responder only to your questions, and not other issues that may have raised, germane or not, ditto to @Chris Seveney

Post: Owner - Finance Home did not pay the bank

Bob Reinhard
Lender
Posted
  • Lender
  • Patterson, NY
  • Posts 488
  • Votes 186
Please pardon my confusion but ... the only way to save the house from foreclosure is to pay the lender that is foreclosing.

Post: Paying cash for Properties??

Bob Reinhard
Lender
Posted
  • Lender
  • Patterson, NY
  • Posts 488
  • Votes 186
For auction, at the courthouse, cash or certified check; on line, wire or card.
Foreclosure, good funds, however they arrive.

Post: Negative COC ROI 1st year OK?

Bob Reinhard
Lender
Posted
  • Lender
  • Patterson, NY
  • Posts 488
  • Votes 186
Qualify, likely.
Two liens, not so likely.

Much success!
Bob

Post: Negative COC ROI 1st year OK?

Bob Reinhard
Lender
Posted
  • Lender
  • Patterson, NY
  • Posts 488
  • Votes 186
My curiosity is piqued. Which lenders will permit 2 liens on the property?

Post: Sell home in foreclosure

Bob Reinhard
Lender
Posted
  • Lender
  • Patterson, NY
  • Posts 488
  • Votes 186
Not exactly. It always goes one owner to another. If it sells at auction the lender never has ownership; unless the lender somehow secured ownership.