14 December 2015 | 2 replies
The loan was secured by 2 properties in Chicago.In the closing documents, there's an Escrow Agreement which says the private lending mortgage broker acts as escrow agent for borrower and lender to hold said Quit Claim Deed: (Escrow agent = private lending mortgage broker) with the following terms1.Borrower agrees to deliver to Escrow Agent an executed and notarized Quit Claim Deed running to Lenders for the properties2.
17 December 2015 | 30 replies
FCRA is Fair Credit Reporting Act and meant to ensure you don't discriminate based on the basis of race, color, religion, national origin, sex, marital status, age, or public assistance.
15 December 2015 | 6 replies
Opinions public or private are welcome!
9 April 2017 | 16 replies
I believe that identifying a great deal is hard to recognize in the public forum, if there are any secrets to success in the real estate investment market it is to make the great deal by making offers often using creative alternative financing terms.
24 December 2015 | 10 replies
You can use the tools on BP to analyze it, or post the information to the public here and we can chime in.
22 December 2015 | 9 replies
Olivia,Most investment professionals, brokers, advisors, and even CFP's are paid only on commissions and fees generated from managing a portfolio of securities.
17 December 2015 | 25 replies
DON'T make these types a partner for yourself, lest you subject yourself and your finances to great and terrible risk.5) Tax implications - understand the formation of the LLC in Tennessee(you said you are looking at Memphis), how business 'flow through' income works for partnerships in corporations, and also learn which types of income are subject to social security tax vs.
15 December 2015 | 2 replies
This probably goes without saying but also looking for a good CoC return and healthy cash flow (doesn’t everyone want this haha).Is there an industry publication which shows good markets which fit these criteria?
7 January 2016 | 18 replies
It will sort of delay the investment process but secure you your first property in the mean time.