Peter Halliday
Interest only note with balloon
20 August 2021 | 6 replies
Go with your gut here . . . the quality of a note lies in both the collateral and the borrower, so if due diligence was skipped on either it would be a shame.
Phillip Christie
Résumé for Multi Family
22 August 2021 | 36 replies
@Phillip ChristieAs @Justin G. noted, there isn’t really a pre-approval for an apartment building of 5 or more units because it is the building that qualifies not the borrower.
Robert Wright
Getting my wife on board
31 August 2021 | 11 replies
My wife is of the Dave Ramsey thinking and continually states that debt is dumb and wanting to borrow money to purchase real estate is somehow immoral.
Johan Adler
Which to pick: Investors or Loans?
28 August 2021 | 6 replies
As long as you’re cool with losing your friends if you don’t pay them back every single cent you borrow, I guess that’s one way to go.
Krista Burke
Self employed and struggling with lending
3 September 2021 | 4 replies
The issue I run into with most self-employed borrowers is that they write off too many things on their tax returns.
Phillip Henderson
House Hacking Delimma
2 September 2021 | 13 replies
That is just sad to hear that you have a qualified buyer/borrower and the seller pulls a fast one.
Brooke T.
Formula to guesstimate the delinquent mortgage balance?
4 September 2021 | 6 replies
You can run an amortization table as you noted above, and assume that payments stop being made when the borrower was deceased.
Gabriel Mouzella Silva
TAPPING EQUITY ON FORECLOSURE
3 September 2021 | 2 replies
Alternatively, you borrow the maximum so that your cash flow on the first property is 0 if that gives you enough money to buy the second property.
Joe Johnson
Leaving W2 Job and Getting Bank Loans
4 September 2021 | 2 replies
As a broker I advise my borrowers who need down payment assistance to form partnerships with a partner who can supply the capital.
Luke Councell
1st Time MD Homebuyer need learning exp. Estimating Repair Costs
10 September 2021 | 9 replies
How much more over the 160k should I be expecting to borrow for the rehabs?