
16 April 2024 | 2 replies
I see the same things from borrowers or those that take on mortgages.understand the concept.. but did not read much of the 30 page Mortgage document.Or read and understand the note.With so many of the larger HML or DSCR loans being backed or bought by wall street firms you know their lawyers are creating these documents and I suspect virtually no one reads every clause in them and or understands what they mean in relationship to the transaction and what your signing.

16 April 2024 | 7 replies
This will impact your loan program, down payment, terms and conditions.
15 April 2024 | 7 replies
Here is an example of the loan summaries that I utilize for my Baltimore clients, being careful not to exceed certain loan-to-ARV and loan-to-cost limits.

15 April 2024 | 1 reply
We created an LLC together which was simple, the problems mostly came with the logistics of getting a loan.

15 April 2024 | 1 reply
Life insurance policies - looks like it's best to start with several and cancel some of them as your debt decreases and you have long term loan positions with good cashflow.

15 April 2024 | 4 replies
There are quite a few other options that you should consider before walking away, though.It sounds like maybe a fix-and-flip loan would be a viable option for you.

15 April 2024 | 2 replies
You can look up cash buyers on propwire free, and reach out to the LLC owners by looking them up, or call the agent and ask them.Another option would be to find some private money lenders, and get them to go down on a hard money loan with you, unless you can get all the capital from one person alone (this is very difficult because most people won't loan that much to someone new to real estate).

15 April 2024 | 4 replies
: Depends on how you will qualify for the loan.

15 April 2024 | 5 replies
. , like this one, its saying 1.3M, what would the downpayment be needed for this, what type of loan would I be looking for?