
8 August 2024 | 7 replies
But I don't think the borrower for the loan would change, so that means each month, my tenant would pay rent to ABC LLC account under my property manager, and my property manager would distribute the funds to my sole prop business account, and my sole prop business account would pay the mortgage.Will the tenant have a case to argue that I am commingled with my LLC?

12 August 2024 | 26 replies
And, if the money is borrowed and you lie on your loan application about that (they will explicitly ask and you will have to explicitly lie if you want the loan) then you're committing loan fraud.If you have to turn right around and sell this property for some reason, I,as the lender of the 20% down, will suffer a 50% loss.

12 August 2024 | 12 replies
@Miguelli Fernandezif you buy something with 100% borrowed money, you will likely be cash flow negative every month.

11 August 2024 | 5 replies
@Chloe GrayBanks will never financed a property in a foreign country because they don't have the necessary means, knowledge and willingness to go through a foreign legal system to repossess the property should the borrower default on his mortgage.If you hear or read that somebody got a property financed by a local bank in a foreign country, this is because that bank took some local assets as collateral or gave an unsecured loan.

8 August 2024 | 0 replies
If you're a Connector or getting into underwriting, please review these points on some of the things to ask borrowers who want to raise capital.

11 August 2024 | 1 reply
Also I would be concerned of being predatory especially if the borrower is elderly.

13 August 2024 | 15 replies
Borrower can reinstate the loan but that is $700k in arrears so doubt that is happening.2.

10 August 2024 | 14 replies
These relationships, if cultivated properly, will allow your borrowing to outpace your balance sheet.

11 August 2024 | 7 replies
The primary calculation is based on X% of purchase price (depending on lender policy and borrower credit/experience) + 100% of rehab (normally).

11 August 2024 | 10 replies
Your debt will restrict how much you can borrow.