Ron K.
Buying a reverse mortgage note from the bank.
30 September 2016 | 8 replies
The collateral is the property and the creditor seeks the forced liquidation of the security interest, hence the foreclosure.
Jeffrey Mark
Seeking Hard Money or Private Money Sources in Maryland, DC or VA
15 March 2016 | 7 replies
My personal credit is not the best at the moment but with my experience in wholesaling and finding great deals I wanted to source out a few lenders.I would be interested in receiving more information on any programs available or anyone has advice that will be greatly appreciated.If we are doing the loan in our LLC with $30k in capital do lenders look heavily at credit or do you base the loan on the deal/property.Our target Loan would be for no more than $180k purchase and rehab.
Rafael Pinho
DSCR mortgage, non-resident
14 August 2023 | 8 replies
You would just need a reference letter from a creditor in your country or 12 months of payment history from a tradeline
Bryan Davis
VERY complicated wholesale deal. Advice?
3 September 2013 | 19 replies
As Ellis San Jose mentioned, anyone who thinks the worst case scenario is that they'll receive 2/3 or liquidated proceeds is incorrect.In dealing with a pre-probate scenario, the decision must be made if you intend to buy the asset, buy heirs' or beneficiaries' interest, or merely focus on plays that make a profit.If you buy the interest(s) and probate the estate yourself, you become the PR and have the exposure to all known (and unknown) heirs and creditors as the fiduciary.
Scott H.
Cash Deal for Cash Flow. Cash Out?
6 March 2011 | 2 replies
-How soon could I get any cash out (line of credit or refi)?
Jaden Adams
Dropping out of college
17 December 2019 | 210 replies
But while creditors can take all your assets during bankruptcy, they cannot really take away your experience, skills, and work ethic.
David Pond
Where to start?
14 October 2012 | 4 replies
Ie money, credit, or a way to finance an investment.
William Harmon
Self directed IRA for first rental house purchase
15 August 2018 | 7 replies
The IRA LLC is often used for creditor protection; however, IRAs are already fully protected from creditors in the state of Oregon.
Marcus Auerbach
Thank God I had an LLC!! - Said no one ever!?
19 January 2024 | 140 replies
Regarding his pensions and retirement accounts, creditors cannot attach those per federal law.
Svetlana Kazantseva
General Contractors refusing to quote without them buying materials
26 December 2023 | 132 replies
If the contractor doesn't have the credit or means to handle this amount of money until the work is in place then as an owner I would want to pay the sub/supplier direct or provide a joint check.