9 July 2018 | 49 replies
Account Closed now to be like Fox news fair and balancedone does have to be mindful that banks can change policies.. so you do need in my mind a healthy balance of private capital or your own and banks or other lenders as well.07 to 09 saw banking FREEEZE for us in the business I had almost 30 million in various credit lines out and they all got called Save one.. my core bank kept my 6 million working with out it I would have not made it.. the rest did not care and I had written into my loan terms that if they called these facilities I had 36 months to pay them off and I needed every bit of that time to do it.. but I can proudly say I did not default on a one and paid it all back and the agreed on interest.
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23 July 2018 | 28 replies
Hi @Leighann Davis I run 2 private equity Reg D funds where we pool investor capital into distressed debt and essentially deploy OPM into assets for both of my companies benefit and our subscriber's benefit.
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7 July 2018 | 0 replies
Private money, hard lenders, or banks I don't really care where I go but like to use lenders who keep the ball rolling with me and even help with structure of the lending.
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9 July 2018 | 2 replies
These are subjected to income taxes and social security + medicare taxes.There is also capital gains (and many more).
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11 July 2018 | 6 replies
However, we were informed today that our closing has to be pushed off to a far-off future date (rate will no longer be locked and basically will have to do the financing process again) due to an issue we haven't run into before, but seems simply not legal to us, so we hope we can get some assistance.We only know as much as we have been told, so here we go... the home we are under contract for was sold to the current owners via an owner carry, so the note is held by a private individual (the owner before the current owners).
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14 August 2018 | 17 replies
Here are the detailsOriginal Note: $48,500, 8% interest, 30 years, secured by first lien on $70k property, typical note terms.Date: 12/9/2009Current Value: $41,505Payments: $505.88/month includes $120/month escrow for insurance and property taxes, No payment missed, 3 payments late but not by more than 30 days.Escrow: -$800 now but payment will be increased for negative balance and increased taxes/insurance.My guess is its worth $55,340 valued at 6%
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7 July 2018 | 2 replies
Met an investor who is seeking private lending and also partners to go in on multi family deal(s).
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7 July 2018 | 3 replies
Image doing that from your private island. :)Now finding a sweet deal on the MLS.
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11 July 2018 | 14 replies
to be an actual fix and flip investor / business its quite capital intensive.. and just a down payment is just a drop in the bucket of the capital required.your best bet is to put a little private network together if you really want to do this.or get your license and specialize in finding these types of properties for fix and flippers.. make a commish selling it for them.. and then the list back.. that's what agents in our market here do and they will knock down 250 to 500k a year no sweat in commish with no risks of borrowing money or a flip that did not work.
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7 July 2018 | 8 replies
I don't have all the cash they want, so are my only options a private lender?