All Forum Posts by: Lisa Eckman

@Nigel Prentice Thanks for the reply. I’m looking to private lend as well. Perhaps we could talk further “off line”?  

@Odie Ayaga thanks for the reply, but I wonder if something is missing from this sentence (??). “Institutionalized private money from individuals...”.  Or maybe it has to do with the word “institutionalized”?  But both seem to be private money from individuals. What am I missing?

Sending you a PM.

@Joe White What has been suggested that is illegal?  I appreciate the advice and also that you're not an attorney.  Thanks!

“Qm”?

Can someone explain to me the difference between HML and a Private Lender?

@David de Luna would love to talk to you about you’re post. Just sent you a DM.

BTW, what is the difference between a HML and Private Money? I would think the interest rate. If so, where's the switch from one to the other? Or is it term? Or ???

I’m interested - “If you're interested, I can elaborate on why I won't just use the equity in the home to make the purchase...“

As a lender, I think it makes sense. I would feel more secure having a first lien on your personal residence. if that is what you’re suggesting. 

As a borrower, I certainly get your point. But, if you’re that confident about making everything work, why not?  Just one more tool in the toolbox. 
 I’d be interested to see what the documents would like like for that type of deal. but I guess it would just be a mortgage or deed of trust on your primary, first position, for x amount with the following terms. Right?  I’m assuming you own your home free and clear to be able to do this?
I just reread your post.  So not against your primary, but against a bunch of other properties with equity. So how would that work?  Doesn’t sound like a first lien position on any of the properties.  Could you explain further?  I’m not sure I’m understanding the scenario. 

If you want to give me the particulars, I’ll figure it out and send it to you.