Evan Hauler
Borrowing money from relatives
Hello everyone!I am looking to buy my second property, I purchased the first using a bank loan. Now my parents are wanting to buy the next one in cash, due to high interest rates. How best do I go about doing this? Ar...
David Yu
Solo 401K borrow money
I'm confused. Can you borrow money from solo 401k for personal use? I understand like buying your primary resident. Can you take a personal loan? Personal loan can be buying a car or anything personal like that ri...
Jared Skov
Borrow from your 401k?
Quick poll - How many people have borrowed against their 401k for Real Estate Investing and do you think it's a good idea or no? Personally, I act like I can't touch my 401k to stay diversified, but I have friends who...
Shawn Wollenberg
Borrow My buyers List
Hey, I am a wholesaler / rehabber. I am from Columbus Ohio, but I am involved in deals all over the country
I know it sounds goofy, but I have tons of buyers from all over the co...
Michael Hart
Borrowing against an IRA.
Hi Bigger Pockets I have a friend in Wilmington NC, Who has fell in love with a scheduled foreclosure auction home. We understand the risks and the process of buying from the trustee auction. For her, paying cash is ...
Jason F
Borrowers...After the Auction
I've heard differing opinions on this.
What happens when the property doesn't pull enough at auction? Do banks put deficency judgments on all the borrowers who's properties fail to bring in enough at auction? If it's...
Brian Jones
Borrowing within an LLC
I have a credit issue which I am working on but will take some time. In the meantime I have access to a 150k line of credit that is interest only for 1 year. My question is can I buy a house cash with the Line of cred...
Jaime Guzman
Non-Occupied Borrower Problem
I have kind of hit a wall. I am in the process of investing in my first 4-plex in Phoenix, AZ. I was planing to finance it with an FHA loan with 3.5% down. My dad was going to be a co-borrower and provide some of the ...
Adrian Zamora
Negotiating with the borrowers
Hello BP,If I have a non performing 1st lien note, may I contact the borrower to negotiate a payment plan or workout plan without having a mortgage broker license? Would I be able to change the terms of the original c...
Carole Parker
Private Money Borrower Challenges
What are the biggest challenges you face as a private money borrower? What strategies have you found effective for overcoming these obstacles? Let's share our experiences and learn from each other's successes and chal...