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9 December 2024 | 98 replies
Nobody “needed” the internet when it came out, but the internet enabled things that weren’t possible before.For example, there is a lending platform launching soon that will allow borrowers to use Bitcoin as collateral for a loan.
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28 November 2024 | 5 replies
These loans are structured a bit differently than conventional loans; the borrower pays the origination to the loan officer instead of the lender paying them, so it’s an up front fee.
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5 December 2024 | 87 replies
They are a private company so you will never see the financials and have no idea how strong or weak that actual warranty really is.As to the funds I mention, yes there are a few, some right in your neighborhood that lend to performing borrowers, have also paid consistent monthly returns, all 1st trust deeds, shorter lockup, etc.
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25 November 2024 | 10 replies
In the future you can always look at borrowing agains the equity to fund future RE investments.
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26 November 2024 | 6 replies
Sure if you dont have your own 3-5% down payment then yes use DPA if you really want to buy.After going over the pros and cons typically our FTHB'ers or first time home buyers end up getting a gift or bring in their own 1-2% down + 1-3% gift and end up with 3-5% down payment and borrow at regular FHA/conventional rates (avoid the DPA program rates).This is actual experience.
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23 November 2024 | 7 replies
Does this “borrower” even own them any more?
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1 December 2024 | 68 replies
But things happen.. for instance 2 years ago I had 3 of my borrowers die on me.
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25 November 2024 | 11 replies
Try to borrow the $75k you think you need, or hook up with a partner.
24 November 2024 | 2 replies
Any decent lender should allow you to borrow against your airbnb, without disturbing the original 2% loan.Example: I have a 6 unit that had ~$500K in equity.
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11 December 2024 | 101 replies
It is a pain in the butt to borrow money in Mexico, so I look at everything as a cash purchase.