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Results (10,000+)
Rod Walker Providing seller financing-Sample contract
9 March 2014 | 9 replies
RW, welcome.If you're the seller then you will be the note holder and the contract for servicing is between you and the servicer the borrower really has nothing to do with the contract.Your note should mention servicing, in several places as note covenants:And there are several matters that arise if a servicer is not know or fees change and assuming the borrower is paying all or part of servicing costs, but they don't need to.
Account Closed Business purpose loan becomes consumer loan
12 March 2014 | 7 replies
That's why you restrict the loan to commercial, have a call feature, a due on sale clause and have the borrower acknowledge the use of funds
Andy Pham Debt-Income when doing cash out refi or taking a second loan
5 January 2023 | 2 replies
DSCR uses the property's rents and the borrower/guarantor's credit to qualify.
Venkat Vankipuram Looking to cashout refi on a condo
5 January 2023 | 9 replies
Hi Venkat,If you are on title already, it should a fairly simple for you as the borrower.
Jordan King Travel Nurse - First Time Home Buyer
6 January 2023 | 6 replies
If you are 1099, then 2 years Schedule C like traditional self employed borrowers is required.
Abdulmatin Sanni Can Interest Be Deduction if Hard Money was Used
5 January 2023 | 4 replies
For example, I borrowed $200k from an HML, and this was all invested into the property, the interest was at 12% a year, can this interest be deducted?
Jonathan Heacock Private money lending Pro vs cons
4 January 2023 | 6 replies
@Jonathan HeacockAre you a potential private lender or a potential borrower?
Junior Soares Newbie to 5 units in 7 months!
5 January 2022 | 227 replies
I am only 21 and I only have about 8k personal cash and another 5-7k that i can borrow from a friend.
David H. What percentage of your tenants cause problems???
13 June 2019 | 18 replies
They effectively "borrow" the appliances from us.In lease breaking - we allow it IF they pay for the time of the turnover until the new tenant has moved in. 
Kevin Stein Seller Financing, Down Payment, HELOC Etc.
13 March 2015 | 7 replies
In this case I would only be borrowing 40% of value of the property because the rest would be funded by the seller.I do also have 35K in a rolled over IRA account from a previous employer.