Jennifer Katherine De Loughy
Any loans on vacant land?
20 September 2024 | 13 replies
@Jennifer Katherine De Loughy- probably not ....try reaching out to local bank / credit unions that are close to the property ...try reaching out to any bank connections you have ....you might find a lender that's willing to cross collateralize it with your home
George Hernandez
Need advice on equity in rental
20 September 2024 | 3 replies
@George HernandezTo expand your equity portfolio, consider private lenders like Non-QM Lenders, Private Money Lenders, Home Equity Investment Platforms, Portfolio Lenders, and Cross-Collateral Loans.
Jonathan Meltz
Family loan for Deal
18 September 2024 | 1 reply
Discuss the terms, including interest rate, repayment schedule, and collateral.
Raj G.
Private lending to LLC with First lien on default
19 September 2024 | 8 replies
The collateral is all you have left, and you must protect it.
Micah Wieden
Difficulty to get loan for new LLC?
18 September 2024 | 3 replies
Alton, IL I think people fail to realize when getting a loan you need income and collateral.
Robin Castillo
Should I form an LLC?
18 September 2024 | 6 replies
@Robin CastilloLLCs are useful for legal protection, but they require separate tax filing, typically cost several hundred dollars to create, and most non-commercial lenders will not lend to LLCs.Commercial lenders will lend to LLCs, but their interest rates are significantly higher and they require collateral that regular lenders don't.I would not create a LLC specifically due to the issues in getting a traditional mortgage it will likely cause.One potential route though, is to get a traditional mortgage in your name and then assume the loan after a 6mo "seasoning" period with your LLC.
Mikhail Pritsker
Strategic Opportunities in the Current Multifamily Market: Part 1.
17 September 2024 | 2 replies
By incorporating additional collateral to secure financing, investors can enhance their security, ensuring that the asset pool remains sufficient to stay within the desired CLTV range.
D Kirk
How to have low inspection cost when inspecting Multifamily?
20 September 2024 | 23 replies
Remember, most of these loans are not like your house loan, where the house is collateral, but really YOU and your income are the security of the loan.
Kristen Negrotti
Construction loan in second position?
16 September 2024 | 3 replies
Normally at minimum an appraisal is required to verify the remaining collateral is sufficient.
Don Konipol
Can Seller Financing Benefit the SELLER?
15 September 2024 | 11 replies
Bottom line - All hype, bs, misinterpretation, opinion bias, etc aside, sellers willing “owner finance” the sale of their property for one reason - and one reason only: They PERCEIVE that they are getting a higher price for their property by owner financing than by a cash (cash to them) sale.The “perceive” part is why buyers can sometimes structure terms ridiculously one sided in their favor - because some sellers are so focused on PRICE they become oblivious to anything else.It’s why I and numerous others have been able to structure 20 year owner financing loans at ZERO interest; why sellers have accepted “substitution of collateral” that gave them a lien on recreational land I had rather than their own income producing property; why sellers accept second position liens and allow buyers to obtain new first mortgages ahead of theirs (subordination), and why sellers always accept mortgages without my personal guarantee.I myself sell properties and provide owner financing to obtain a higher price.