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25 August 2015 | 1 reply
I have an existing Note (Note 1) secured by a deed of trust in California on a SFR (property 1).The borrower has agreed to bring in additional property (Property 2)as a collateral after Note 1 is completed as a cross collateral.I will be recording a deed of trust as a cross collateral on property 2.
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5 July 2015 | 0 replies
I've got several deals lined up but don't want to close on them without knowing I can sell the contracts after they've been secured.
13 October 2021 | 12 replies
I’d ask you to pay first, last and security for another similar apartment and pay the moving expenses, and I think that’s being VERY reasonable.
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13 October 2021 | 7 replies
If you use it for any personal expenses it will not be deductible.Interest on a loan from a 401k plan which is secured by elective contributions is never deductible.
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22 October 2021 | 2 replies
Hello everyone, I'm new to the real estate investing world, I've been doing armed security for the past 20 years, worked a lot of hours and just wasn't going anywhere, then i stubbled back onto Robert Kiyosaki YouTube channel, and membered learning about it some back in 2007, then started watch Ken McElroy learned as much as i could from him then i saw David as Ken's guest and that's what introduced me to BiggerPockets, and have been watching videos taking notes trying to learn as much as i can and trying to get started at the same time, and found some hard money lenders (because I knew I couldn't get a loan from a back with my credit score and just getting started) four of then said sure will give you the loan talk about being excited then they hit me with will give you 80% of the LTV and you have to put the 20% down, my mouth dropped and another guy said there's going to be a 15k PMI added onto it and after I explained I needed to figure out how to come up with the 20% plus the 15k he blocked me on Facebook, so i began asking friends and family for the loan but ended up at a dead end, so with one of the hard money lenders i spoke to and kept in contact with offered my a loan officer position and explained the pay and everything, and in my mind i was like oooo if i get 5 of these deals i could have 20k, which would be enough for a down payment for the LTV on a condo then do the BRRR strategy on it, so that's currently where im at now.
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16 October 2021 | 4 replies
Get a large security deposit as long as it does not violate state law, and potentially ask for larger rent up front.
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29 October 2021 | 24 replies
Many discover that finding and securing these large deals is a challenge while participating in syndications allows them to enjoy the benefits of real estate without the headaches of actually being a landlord.
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13 October 2021 | 4 replies
And while you do secure the deal you will have all the carrying costs until spring.
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12 November 2021 | 10 replies
Here are some specific areas that we would love your perspective on:-What is the best way to accept money (application fee, deposit to hold, security deposit, etc.) from applicants if our business accounts are not set up yet?
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3 November 2021 | 6 replies
You may also consider installing a security system that has glass break monitoring.