Joe Shields
Seeking $300K for Boutique Hotel Downpayment by Feb 9 - Collateral & Equity Offered
I am currently working on acquiring a commercial vacation rental property, which I plan to transform into an 18-suite boutique hotel, complete with a public bar/restaurant and a pool. However, I'm facing a shortfall: ...
Cassidy Burns
Home Equity Line of Credit
Hi BP,Can someone please help clarify the difference between a HELOC and a Home Equity Loan?Shamelessly my mother is going to be my first partner, as she wants to get into real estate investing as well. She owns her ...
Quinn Martin
Private money loan contract - template
Hey BP, Does anyone have a bulletproof hard money loan contract? I am not seeing any in FilePlace. Thanks much!
Jan Brumec
Secured Promissory Note
Hi everyone,I am experiencing issues on a lending transaction that I am trying to put together with a friend of mine that is a citizen and resident of Italy.It would be a promissory note: 12-months 9% interest only p...
Jason Paine
Thoughts on my crypto to real estate idea
So I have done well with cryptos over the last year, enough to buy houses in cash. The problem is the big cap gains tax. A new company called Salt Lending is giving out short term loans with your crypto as collatera...
Sergio B.
Ready for Second Deal--> How to "recycle" my money?
I am almost done with the rehab of my first foreclosure, and I will be holding it and renting it out. Paid 58K + around 10K for fixing it ( no finance- used my own hard saved cash)
Now, the question is, whats the bes...
Rogelio M.
Lender "Mortgagee Clause" vs. "Additional Insured" on Insurance Policy to Property a
Ref: Lender "Mortgagee Clause" vs. "Additional Insured" on Insurance Policy to Property as Collateral
How
specifically should a private lender be mentioned on the owner's
insurance policy to a property used as c...
Sarp Ka
Cheapest way to make a cash offer???
Hey there,Let's say I have $1M worth of stocks including my 401k. I find a property that is worth $700k.In theory I can make a cash offer to this property. When it comes to actual execution, I have to sell those stock...
Mitch Stephen
The Art of owner Financing and Private Money Terms
"Why I Borrow for the Terms I Do How I handle the Balloon Payment"I almost always borrow money from private lenders to buy my houses. I borrow at the following terms;$0 Down payment8% InterestInterest Only5 yr TermNon...
Lorenzo Swinton
Best plan of action if I have two paid off properties
I have one paid off property and one that I owe 20000 on I want to pay the 20k off and then have two paid off property and then what would be my best strategy after that?