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Results (10000)
Matt Devincenzo Cold calling for note leads
10 June 2013 | 24 replies

So I've begun researching purchasing notes, and found a few different threads with the suggestion of cold calling people that are in contact with note holders. Bankruptcy attys, financial planners, CPAs, title compani...

Clayton Silva Recourse vs Non Recourse: A common question I get
27 August 2024 | 7 replies

"Is this loan non-recourse".  That question is often better answered by asking what you mean by that.  Common misconception is that DSCR loans are non-recourse because they can close in an LLC.  However, even DSCR loa...

Jeff Lipple Mortgage note or cash?
1 October 2013 | 15 replies

I'm a first time investor.

I'm buying a property for 25k
7k cash 18k unsecured loan that I'll want to refi.

I was told I should have the 18k paid by certified check coming from my parents so that I can start making...

Todd Ashley Buying a Building and Retail Business (Liquor)
6 August 2020 | 17 replies

Hi all, I am considering purchasing an off-market commercial building in a small tourist town. I am trying to gather as much information and guidance as possible, and appreciate any input that you can provide! The bui...

Account Closed Using a licensed MLO to originate seller financing loans
7 November 2013 | 27 replies

There have been several threads here on BP lately about the legality issues when seller financing to consumers. New, apparently stricter federal regs are in place to start 1/2014.

I've posted before that I've been...

Sam S. Servicer charging ridiculous so-called "lender-paid expenses"
8 July 2014 | 10 replies

We bought a property subject to existing mortgage. It was behind on payments and was scheduled for foreclosure auction in Texas. Before we brought the mortgage current, the servicer had told us that the Cash Advances ...

Robert Hernandez How does swapping insurance work?
27 June 2020 | 3 replies

So I am looking at a new insurance provider. And for one of the insurance, I found it is $1500 premium with a downpayment of $400. Do I need to make the down payment myself? Currently, my insurance is in escrows with ...

Bala Krishnan Commercial Loan Terms Discussion
10 January 2014 | 10 replies

Dear BPs,

I am a newbie evaluating loan terms from a commercial mortgage broker. I am putting the info below. Need your take on what you think about the terms here.

The property is in Charlotte, NC. ...

Daniel E. Can you email a nonperforming (NPN) borrower?
26 June 2018 | 8 replies

Wanted to know if it is legal to email a borrower. I have the work / personal email (borrower is an unaffiliated realtor) and have not been able to get a hold of the borrower. Wanted to try email, just to get the dial...

Alex Sinunu Finding and evaluating private lending mortgage brokers
12 February 2024 | 10 replies

I posted the other day that I am new to private lending in California. My first few deals will be smaller and possibly second position. For those of you that work WITH private lending brokers, do you have tips on how ...