I'm selling a property in S. Carolina via Contract For Deed (CFD). I have a good contract to use but one of my peers say that I should also have the buyer sign a promissory note as well. This makes sense to me, does a...
Hey everyone! So I’m finding myself unable to wrap my head around a certain aspect of Hard Money Lending as I go through my first deal.I’m currently using an online HML provider, LimaOne, and received “Fix n’ Flip” fu...
I’ve got 3 SFHs and one four plex. I’m tapped out of down payment money so I’m looking over the horizon to figure out how to raise capital from investors but feel a little stuck.I don’t want to give up equity (I don’t...
Hi Folks,Cant seem to find an answer on the forums,I am thinking about upgrading to a plus or pro account. If I get a plus account and pay up for a year, what would happen if I wanted to go pro? - Do I need to pay the...
I have a number of investor clients here in Denver and Colorado Springs worried about coronavirus and their tenants' rent (and therefore worried about their mortgage payments). They're all asking me the same question:...
Investment Info:
Single-family residence private money loan investment.
Purchase price: $70,000
Cash invested: $20,000
This deal came to us word-of-mouth. Once we got past the variety of potent odors...
I was contacted by a guy from Connected Investors. The following in Italic was his first message to me. As a private lender myself, i knew immediately it was too good to be true. But I still played with him till he a...
Client had a federal manufacturing charge and serve time in early 90’s which is keeping him from getting regular financing. Now owns a rather successful chain of pawn shops.Client owns these two properties:River Fores...
Good morning BP. I've been considering using a Thrift Savings Plan (TSP) loan to help finance my next investment. As I've looked into it with some caution (after all, EVERYBODY* says "Max out TSP! Don't touch it!"), t...
So the program seems pretty simple to me especially for someone starting out with not much capital that would allow them to be part of a flip. Yes I know there are hard money lenders but this does not appear to be a ...