Han T.
Self-Originating Promissory Note and Mortgage
Hi All,A few questions here.1. Have anyone self-originated a promissory note (pledging their properties as first lien with a mortgage note) before? What I mean is, instead of finding banks, FHA, commercial loans or Ha...
Harry Metzinger
Rent / LO to Short Sale Owner. Is this legal? What to consider?
Hi BP, I am currently looking at a prospective investment property that is a short sale. When I asked the listing agent about the property, he said that the family who currently owns and lives in the house want to st...
Peter Wyric
Conventional Financing (Owner Occupied vs Non-owner Occupied)
Hey guys,I had a question regarding getting approved and receiving conventional financing (typical, personal mortgage with fixed 30 year amortization). This is regarding Texas as well -- not sure if that makes a diff...
Matthew Wright
Being Borrower SDIRA
When my LLC is borrowing from someone’s SDIRA, do I have to deal with the custodian/agent that is handling the SDIRA or provide them with info.
Account Closed
Marketplace concerns when seeking investors
I've been looking at HML to help fund spec home building and I'm not turned off by the higher rates but, I'd like to connect with private investors directly. So, my question is if I post in the marketplace that I a...
Glenn N.
Hard money lender ,borrower moved his LLC to Delaware without notification.
My Borrower moved his company to Delaware making it an LLC there which makes me a bit worried that he might try something and try to get out of the loan by splitting the llc . Would it be advisable to move my LLC from...
David Silber
Partnership/Lending Structure
I'm working on buying a 2 family rental with a money/credit partner. He wants a guaranteed return. He'll bring the down payment and the mortgage, and I'll pay him a personally guaranteed %15 return on his down payment...
Andy Mirza
Advancing Escrow for NPNs
This is similar to another post about advancing property taxes for NPNs with a few differences.We will make advances for escrow accounts for owner occupied loans, in which the borrower may file Ch 13 Bankruptcy. Keepi...
Kyle Shepherd
Seller financing + private money rehab?
Rookie question here.Is there a way to do a seller-financed arrangement for the purchase part of a property, but do a private/hard money loan for the rehab costs on that same property, and then refinance ONLY the reha...
Nate Flickinger
We have an Investor! But, they want to own the property...
Hello Community,We have an investor! Our investor is willing to loan 100% of the price, but wants the property in their name until 20% it is paid off. With an 8.5% over 30 years note. I am concerned with how long it...