Jason Iskarpatyoti
Mortgage Interest Expenses with Partners
I have a rental property that I co-own with two other owners. We obtained a mortgage on the property, however, due to issues with getting my partners qualified in the mortgage process, the mortgage is specifically in...
Scott Schaecher
Structuring conventional financing with a 50/50 business partner?
Hey BP community! Question regarding conventional financing when a business partner is involved. I have several SF's, and my brother does as well. We are looking to partner together on some 2-4 multi-family units, but...
John Podpora
Subject To opportunity
Need some advice about whether I should proceed with a deal that would by my first Sub to. Property: 3br 1 ba 1050sf in Portland OR valued at ~$260k.Loan: principal balance ~$199k @4% with PITI= $983 per month.Amount ...
Chris DeSisto
Subject-to to wrap mortgage
When you buy a property sub2 for say 70k then wrap it for say 100k to an end buyer, the actual wrap, is it a contract for deed or is the wrap a note and deed of trust to the end buyer? I assume you don't want to give ...
Tim Reif
Hard Money Lenders vs Private Lenders
Can someone explain the differences between hard money lenders and private lenders? Pros and cons of each. It seems to me there are more hard money lenders than private lenders but maybe it's because I don't know how ...
Patrick K
Need Help/Advice on Owner Financed Purchase
I contacted a local agent who represents someone selling a $200K lot in my city, asking if the owner would be interested in financing the purchase. Problem is, I really have no idea what they would expect, want, or ev...
Corey Dutton
Are Landing Platforms Like Privlo in Compliance with the SAFE Act?
Privlo is a new lending platform that connects homeowners who can’t qualify at the bank, with private money lenders. But once the website actually launches, will Privlo be in compliance with new regulations under t...
Stan Hill
Just closed on our first flip yesterday....
Well, it's kind of a flip. We are the financial partner with an experienced buy and hold rehabber. After the rehab is done, we have a few ways of exiting. We are very excited and glad to be doing business with her ...
Edita D.
Late Fees: does your property management get to keep it all?
Hey guys!According to an agreement with our PM, they get to keep all the late fees that incur if tenant doesn't pay rent on time. Would you have accepted that paragraph in the contract?Thanks!
Chad Hurin
First seller financing deal.
Hi BP. Just became PRO.. woo..I am viewing a property tomorrow that the seller is offering seller financing. I was thinking, If I go through with this deal, It will be my first investment property as well as first tim...