how does tansactional funding work? Do I need to have enough money personally to cover the loan if my buyer walks? I need someone to explain this process please? Thank you

GuysI would like to sell a land owner finance, so I need to create a note.My question is what steps do I need to do to create the loan contract or the whole paper procedure? I am located at Houston Texas.I appreciate ...

Selling @ $500k
Lender providing $490k
Can the remaining $10k be carried by seller? Will brokerage allow?
If so, should it be a separate contract? Should it be outside of current escrow? Should the $10k loan be a l...

I started a hard money lending business with a couple of partners in the Nebraska and Iowa marketplace using our own capital. Demand has been solid, and it has become apparent that we are going to have all of our mone...

I've owned a couple of rental properties before. I've been thinking about buying another, but a friend suggested I look into notes instead. I'm most interested in buying performing 1sts for cash flow, and I will be bu...

Hey BP,Here is the background before I get to the main problems and why I am now feeling "uncomfortable."I closed on a property in January of this year.  It was a cash deal and everything went smoothly.  I am now in t...

I am about to purchase a home in a popular vacation area. My family will get several weekends of usage out of it, but most of the time it will be used as a rental.
Mortgages on second homes are a full two points bett...

Loan Depot is by far the most incompetent lender I have ever dealt with. I started a refinance on Sept 9, 2019 with an appraisal that had been completed on July 2, 2019. The staff said we could use the appraisal bec...

I am a newbie. I was invited to a zoom with this funding company called "Legacy Leavers", who has a 1st time investor program. This program offers funding up to 400K with a 660 Fico, and at least 27K in yearly W-2 i...

Just doing due diligence here. I'd like to hear from anyone who has used Seabury Investments LLC as a private money lender, both positive and negative experiences. They have a nice package of loan options, but I'm alw...