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28 December 2016 | 6 replies
Only once you are much bigger and your LLC has collateral or a track record that you can document to the bank will you be likely to get a non-recourse loan.
8 January 2017 | 0 replies
I would like to take out single a line of credit with the 3 units as collateral.
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22 January 2017 | 5 replies
The LOC is already collateralized by something else and guaranteed by you personally.
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8 September 2019 | 59 replies
Like ANY investment, things can go wrong--BUT--you have a written contract AND good collateral if underwritten properly.
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14 August 2017 | 32 replies
Call and talk to lenders, follow up on some of these posts with referrals to creative lenders with more flexible criteria, look into commercial loans that look at the property as collateral and have lower borrowing requirements.
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11 November 2017 | 18 replies
Keep in mind the 2008 downturn was pretty darn severe and the laws that were in place unfortunately prevented a lot of mortgage loans to be re-worked as they were part of large collateralized mortgage packages sold to investors via Wall Street.
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7 November 2019 | 1 reply
However, I don't have the money for the down payment, and I don't have the collateral to get a loan for the remaining amount (of $150,000).
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29 November 2017 | 9 replies
You would need to file a Form 1099 and issue that to your mother to report the interest paid (assuming the $50k loan is not collateralized.
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10 August 2020 | 13 replies
The collateral of the mortgage would involve international law.
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19 September 2019 | 2 replies
Like a secured loan with my 401k as collateral?