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18 April 2018 | 4 replies
You could also potentially cross collateralize properties that have equity, although this is not always a great idea.
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15 December 2021 | 15 replies
Any collateral issues to worry about, like one of the hoodies showing up at your doorstep with a weapon etc?
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17 April 2018 | 1 reply
Some examples:Scenario #1)Owner inherited it from mother, used it as collateral for cash-out refinances to fund a failing small business.
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11 October 2020 | 21 replies
Can you or your partners deposit some personal cash at the bank, like six figures worth, and pledge that as collateral?
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17 April 2018 | 3 replies
@Aundre Oldacre - you may be able to find a bridge type lender that will allow a bit of cross collateralization but make no mistake, you will have to put some cash skin in the game.
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22 April 2018 | 5 replies
My wife likes the idea of using the property as a collateral piece as well.I'm looking forward to the next flip though.
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29 May 2018 | 7 replies
Related to that last point and true whether you use one or more QB files, I create a unique category for each note.Because I have ZERO creativity, I use the address of the collateral securing the address as the category.
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13 February 2019 | 39 replies
I have enough collateral, cash reserves, income, and experience that everyone involved is comfortable putting this deal together with me having "no money" into the deal.
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13 January 2021 | 75 replies
If you have any other collateral, you will get a better rate...ie: car/truck that's paid off.
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28 May 2018 | 8 replies
I do have some equity in my two other houses, can offer this up as collateral.