Lonnie H.
Thanks BP! New investor in Orange County, California (Costa Mesa)
11 May 2015 | 26 replies
And I know from personal experience of co-organizing a meetup out here in Korea, that it's been instrumental in making progress.Good luck with everything!
Ralph R.
Sheriff Sale Auction - 1st or 2nd mortgage?
27 April 2016 | 5 replies
The sure way is the to read the court file/lp, which will show a recording instrument/book-page number.
Ben Leybovich
CLOSED on a 98-unit TODAY!
19 May 2020 | 248 replies
They're a type of hedging instrument.
Keri Middaugh
I'd love to hear your experience as a LENDER with LENDING CLUB
7 July 2019 | 52 replies
- giving me a bit of an edge.To scale it up, you'd have to find some debt instruments that have a secondary market, are liquid, and are far larger than $25 a pop.
Scott Nachatilo
Four Killer Tip for Getting Production from Your Bird Dogs
16 February 2010 | 6 replies
The owner is allowed to invest the excess deferred cash payment (liquid or demand instruments) to make further passive income.
Rashid Khalil
seeking recommendation for sub 2 transaction
14 August 2023 | 28 replies
And not a beginner strategy by any means.Being a lender myself and pretty familiar with most states debt instruments..
Brock W.
Phoenix - Sell SFR and cut losses or hold the property
6 September 2015 | 18 replies
The due on sale clause simply gives the lender the RIGHT to call the loan due upon transfer of title.The exceptions to calling the loan due in the Garn St Germain Act are below....See http://www.law.cornell.edu/uscode/text/12/1701j-3(d)Exemption of specified transfers or dispositions With respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may not exercise its option pursuant to a due-on-sale clause upon—(1) the creation of a lien or other encumbrance subordinate to the lender’s security instrument which does not relate to a transfer of rights of occupancy in the property;(2) the creation of a purchase money security interest for household appliances;(3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) the granting of a leasehold interest of three years or less not containing an option to purchase;(5) a transfer to a relative resulting from the death of a borrower;(6) a transfer where the spouse or children of the borrower become an owner of the property;(7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property;(8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or(9) any other transfer or disposition described in regulations prescribed by the FederalHome Loan Bank Board.
Nicholas Zeiler
Basic LLC Strategy Questions
15 August 2019 | 1 reply
Investing with others will be cleaner with a multi-member LLC and probably originating a note/mortgage as the security instrument for your investors.
Lester Schmitt
Private1st leinholder willing to subordinate. Can I use that as downpayment?
14 January 2010 | 4 replies
What do I show to the new 1st lender prior to-or at closing to show what skin I have in the game (instrument such as a letter, a promissory note).
Courtney M.
Using a broker in multifamily
11 April 2021 | 27 replies
They will look out for your best interest, provide insight, and be instrumental in assisting you in producing an accurate pro forma.