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My wife and I have recently started our REI career. We have a couple under our belt and are looking for another. My question is about borrowing the down payment. We have tapped our resources w/out going into our em...
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I have heard on several separate occasions about the idea of “borrowing against an IRA” to build funds for investing, but am unable to find any more information about this when I search for it. Does anybody have any k...
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I'm sure many have done this. I'm curious to hear some stories. Also, do you think a regular loan is best/ Shares? a combination? What interest rate is fair? Thanks!
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Hey guys,I looked for a similar thread and couldn't find one. If a similar question has already been answered, feel free to point me in that direction :)Basically, my aunt wants to partner up on REI. However, I think ...
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I'm considering borrowing money from my family to use for a portion of my down payment on a rental property. Any advice on how to navigate the conversation and also agreeing on terms?
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Here is the scoop:
BPO is $35KThe borrower has passed away and a relative is now living in the house. No payments have been made on the note since March 2016. City and County back-taxes amount to $1,110 and propert...
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Investment Info:
Single-family residence hard money loan investment.
Purchase price: $175,000
Cash invested: $50,000
This was a repeat borrower. He needed to close this and another quickly and we fi...
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I recently received the payoff from a previous loan and am looking to lend that money back out. Where is the best place to find quality borrowers if there aren't any great RE meetups in my area?
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In addition to a Cognovit Promissory Note, I have a Personal Guarantee from a borrower who has defaulted on a loan. I have already initiated foreclosure proceedings.
Does anyone have experience using a Personal Guar...