Timothy Stoops
Looking for a 5 unit financing program
My partner already owns 1 5 unit and is trying to aquire a 2nd one. But the lender cannot touch them because of being considered commercial.
Alec Anderson
Subject-to help with closing process
I'm trying to close my first subject-to deal and my title company is unfamiliar with the process. Being that it's my first one I'm not exactly sure how to explain it to them either. My understanding is that the proper...
Susan McBride
Investor Offer to Assume Mortgage - Legit or not?
Hello. I just received an offer from Mono RE LLC / CDK Investment to purchase my home, which is currently on the MLS, at the full listing price. It seems too good to be true and I am currently trying to research th...
Ellen Morrison
Am I being ripped off with Closing Costs?
Hi guys! My partner and I have been sending out direct mail for the past 3 months and we've finally found a deal (SFH). Comps are at $80k, seller wanted $60k and after negotiations we got the property under contract f...
Alex Huang
BRRRR and Holding Properties in a LLC
I am having some problems with the BRRR strategy, particularly with having my first property in the name of a LLC.It seems that the banks in my area won't (can't?) refinance the property unless it is under my personal...
Ludmila Hill
First Flip and Wholesale funding question
Hello, I'm new to REI, I've been working on marketing strategies to find off market properties, I have a couple that I found, but I don't have 20% to put down like the conventional loans require, I'm in Los Angeles an...
JJ Mayer
Need Example Private Lending Agreement
Hey BP Community, hoping you can help me out...The Set Up: Buying my 2nd buy-and-hold rental property, and this time I've found a relative who's willing to lend me $75k to finance the deal. Having never done this bef...
Lillian Shi
Obtain a mortgage while you have a recorded payroll tax lien
Just got the prelim title search for a property, the owner has a recorded federal tax lien on early June 2007, that lien is attached to his property, around $110k and he obtain a mortgage by refinance his property( pr...
Joseph Godio
Refinance Appraisal - Whose Appraisal?
When refinancing, do banks typically require their own appraiser performs the appraisal or am I able to hire my own appraiser and use that appraisal to support the refinance loan? Will investors obtain multiple appra...
Ryan Farnsworth
Best way to get into Hard Money Lending?
Hello everyone,I have been put in a rather unique position and would love to pick the brains of some seasoned veterans here. A little back story, my boss started a very successful non financial related company in Chin...