Bryan Price
Hard Money Loan Past Due (any red flags?!!!)
23 November 2024 | 7 replies
The principal sum, plus all accrued interest, as defined above, shall be paid to the Holder upon as set forth herein.Payment & Due Date: The Maker shall not be obligated to make any payments ofprinciple during the term of this loan until January 4, 2024 ('Due Date"), at which time the entire principal balance, plus all accrued and unpaid interest, and other charges, if any, shall be immediately due and payable in a lump sum balloon payment to Holder.Collateral: This Promissory Note shall be secured by a mortgage lien against thefollowing real property: Address listed; (the "Property"), executed by Maker for the benefit of Holder.Assignment: This note is NOT assignable by Maker without the written consentof the Holder, which shall not be unreasonably withheld.Default: The occurrence of any of the following shall constitute an "Event ofDefault':Failure to make any payment due hereunder;Nonpayment of principal upon the Due Date;The breach or failure to perform any of the terms, provisions, conditions,promises or agreements in the Note, that is not cured within five (5) days ofthe date of written notice from Holder;Any representation or warranty made or deemed made by or on behalf ofMaker to Holder under or in connection with this Note shall be materiallyfalse on the date as of which made;
Mary Pastoral
VRBO charges 10% commission for direct booking outside of their platform
23 November 2024 | 40 replies
I would hope that OR and other PMSs would just block dates.
Eric N.
How do you do Seller Financing/Sub2 and comply with Dodd Frank/Safe Act ?
23 December 2024 | 46 replies
So one would want to check with an attorney in the state you want to work in and verify how you unwind a contract for deed.I have been funding low value assets IE assets below 100k since 2002 in 17 states Over 3,000 fundings to date in those price points.
Jamie Banks
Baselane - Banking Solution for Landlords
25 November 2024 | 36 replies
She messaged me saying she is signed in, but needs me to change the "due date" to the 3rd because that is when she gets paid.
Priya Jain
Hello BiggerPockets! New PRO here
23 November 2024 | 11 replies
BP is a great place to learn and connect with fellow investors.If you’re looking to invest in your backyard, it helps to network with as many locals in the industry as you can.
Thomas McPherson
Anybody Going to TNDDA - Houston
21 November 2024 | 0 replies
Looking forward to meeting fellow investors and making some great connections!
Adriana V Alvarado
Invest in Bay Area California? Just starting Out
5 December 2024 | 22 replies
As an example, if you think buying a condo and turning it into an airbnb at a later date is something that might interest you, you must do your research into the city rules regarding short-term rentals.
Ryan Cheek
Best Lead Generation Tools for Real Estate Investors – What’s Your Go-To?
21 November 2024 | 9 replies
For finding off-market properties, PropertyRadar has been a lifesaver for me.On social media, I’ve had success connecting with property owners and fellow investors through Facebook groups and LinkedIn.
Thomas Jaskulski
How far out to set the closing date on a wholesale contract?
15 November 2024 | 3 replies
And also,When I draft the contract for the seller to sign, how far out should I set the closing date on the contract?
Vishal Chandan
Does the credit need to be unfrozen till closing?
25 November 2024 | 7 replies
They typically do a soft pull close to the closing date to ensure there are no new debts or significant changes in your credit profile.