Aaron Rowzee
Grouping Deals for Private Money Lending?
9 August 2017 | 5 replies
Portfolio lenders should be able to do a blanket loan across collateral.
Jordan Crosby
Finding private money lenders
3 January 2019 | 16 replies
My conclusion, and this was a conclusion based on my own situation, was that both hard money and conventional debt should be present in my toolbox.I was able to find a bank that gave me a revolving LOC at 1% over prime, collateralized by a portion of my rental portfolio.
Shiloh Lundahl
Seller Financing in Burbank, CA and should I add central air?
11 May 2019 | 17 replies
[See first tuesday Forms 442 and 443]Thus, the buyer is held harmless (by the seller) against any activities of the underlying lender, unless: the buyer interferes by triggering the due-on clause through further encumbrance, long-term lease, resale, waste, etc; or a pass-through provision shifts the due-on-sale burden to the buyer, as with late charges, prepayment penalties or future advances.The seller’s primary duty is to make all the payments due on the underlying loan, as long as the AITD remains of record and the buyer is not in default.If the buyer fails to make payments on the AITD note, the seller is under no legal obligation to forward his own funds to the underlying lender, or to protect the property from a foreclosure by the first trust deed lender.Even without the obligation to keep the first trust deed current, the AITD seller may feel compelled by the buyer’s default to advance funds to keep the underlying trust deed current, or else risk the alternative and allow his trust deed to be wiped out by the underlying lender’s foreclosure.Should the underlying lender call the loan based on the AITD transaction, the seller may be forced to use his own funds or borrow against other assets (or collateralize the AITD) to pay off the lender.
Jeremy Ballard
Heloc my unfinished home or finish it for full amount of equity??
9 August 2019 | 7 replies
I figured you could do it pretty quick since you have so much collateral.
Simone Johnson
Do you have more than one bank for your LLC?
17 December 2019 | 8 replies
They are for properties so they all have collateral.
Yuriah Souder
getting 10-20 deals a month, need better funding source.
18 June 2018 | 4 replies
I don't want to put up personal property for collateral.
Shane Albert
Down payment question
28 August 2018 | 11 replies
Use cars as collateral, 3. partner with another investor, 4.
Eric Grunfeld
Looking at my first Storage Unit Deal
2 August 2022 | 5 replies
How much cash or collateral at 65% do you have?
Michael Auguste
New Home Construction Demand 'Quickly' Dries Up
28 July 2022 | 7 replies
Whatever it is must be a good one because there is a ton of collateral damage being created.
Mark Kille
Purpose of a Landlord Waiver?
7 February 2022 | 2 replies
The main sections that SHOULD be in the waiver; description of the collateral (should be specific), notice of removal (require written notice of removal and a period/timeframe for removal of collateral), monthly rent or use and occupancy (tenant doesn't pay, then lender pays until they repossess the collateral), indemnification, insurance, no auctions at the leased premises (so your property does not turn into an auction house) and usually there are some other rules.Make sure to have your attorney review all leases and waivers prior to purchasing the property.