Katie Fairchild
Problems buying home due to income is made at home.
14 May 2014 | 3 replies
We are hoping to borrow around $160,000 so that we can make more improvements on the home, (such as adding an attic and screening in the patio.
Katie Fairchild
Problems buying home due to income is made at home.
14 May 2014 | 1 reply
We are hoping to borrow around $160,000 so that we can make more improvements on the home, (such as adding an attic and screening in the patio.
Shara Carlton
Rohit Jindal
Seller financing limitations?
20 May 2014 | 11 replies
You must document borrower ability to repay.
Sandy Uhlmann
Lease options acting similar to Sub 2?
21 May 2014 | 10 replies
You'll want to get an authorization to release info and a power of attorney from the seller/borrower so you can manage payments and payoff to the lender.
Brandon Turner
Making Money on Deals that Most Investors Throw In the Trash
26 January 2018 | 79 replies
This forces the borrower into negative situation which might be viewed as forcing foreclosure onto a borrower.
Jay Sebastian
First Rehab deal!
19 May 2014 | 8 replies
For rehab funds I presented an offer to some family members to borrow 15k at terms which will all be paid in full at settlement.
Dina Harleth
Calculating capital gains on sale of gifted house?
23 May 2014 | 26 replies
Especially out of state.Although the income of the property is key they do look at the borrowers net worth and liquidity as well.
Sal Loiacono
The seller Called Me!!
19 May 2014 | 20 replies
The issue, as @Eric Michaels says, is that you are trying to borrow 100% of the project and then some.
Paul C.
Branch Out from Buy & Hold to Hard Money Lending (HML)
20 May 2014 | 5 replies
If you are going to buy an existing note (i.e. stepping into the shoes of a prior lender) you'll have to research the property, the borrower, the HML, and the associated documents.