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Will a seller financed deal show up on buyers credit or considered on debt to income?
14 January 2025 | 7 replies
In our still relatively limited experience, seller financiers are usually looking to get a higher asking price in exchange for the favor of the private loan.
Brock Bernall
Private Money Contract
21 December 2024 | 3 replies
Hello everyone, I have recently gone under contract on a property and was able to agree to a private loan with a family member to purchase and renovate.
Daniel Medellin
Buying 1 acre and dividing it into multiple lots for long term rentals
4 January 2025 | 4 replies
@Daniel Medellin Regarding your question, it would depend on the lender or bank you're working with if you want to go that route in the future.
Torianne Baley
Letter of Intent with Loan Fee - Is this Legit
2 January 2025 | 19 replies
Lenders get paid at closing.Consider developing a better process to find and vet your lenders, Torianne.
Joel Florek
31 units in 30 months at age 24, $70k Annual Cashflow
9 January 2025 | 116 replies
I also still have 60% of my line available, along with current savings to do another deal.With respect to paying off the seller note, I have been working with a number of people discussing private lending.
Juliet Silver
Best Lenders for Canadians to Purchase in Florida
27 December 2024 | 15 replies
Rodrigues is an awesome LOCAL lender, who works a lot with foreigners.
Fernando Martin-Gullans
Help me use my equity to scale my portfolio
10 January 2025 | 3 replies
This allows you to access funds while keeping your existing mortgages intact.Second Mortgage: Explore lenders who offer second-position loans on investment properties, though rates will be higher.Cash-Out HELOC : While traditional banks often restrict HELOCs on non-owner-occupied properties, some portfolio or private lenders may offer HELOCs for investors.With $15-20K in liquid funds, look for deals where you can negotiate terms:Seller Financing: Negotiate lower down payments or interest-only periods.Subject-To Financing: Assume the seller’s existing mortgage while covering the down payment.Lease-to-Own: Lock in the purchase price while using rental income to build equity.
Jeffrey Robison
Licensed PA and TX Lender
18 January 2025 | 5 replies
Hello all! I actually had this account from years ago, before my Realtor days and before my mortgage lending days. I live in the Tyler, TX area, but I hold my mortgage licenses in Pennsylvania and Texas. I lend Hard M...
Darien Hernandez
Looking for private money to fund a note
18 January 2025 | 0 replies
Looking to connect with an investor or a company to fund a note owner finance. I am a real estate agent and I have a client who proposes these terms. Purchase price: $108,000Down Payment: $25,000Interest rate 11%Ballo...