Lupe Santiago
Individual doing hard money lending in California
Hi, I'm in the process of obtaining my CA Broker's License to start my hard money lending business, but I have not yet gotten it. I have a contact in CA and he is a flipper (with his own LLC) that needs money to finan...
BJ Henderson
Catching Up On Back Payments - How To Structure This Creatively?
I have a seller that needs to keep his home from going into foreclosure. It's to be auctioned off tomorrow.It's a 3 bed/2 bath 1340 sq ft ranch style home.He says the he currently owes about 29k to the mortgage compan...
Steven Barr
Hard Money Lenders covering 100%
Hey guys!Are there such thing as hard money lenders that will cover 100% of purchase and 100% of rehab?Most of everything I’m seeing is 90% of purchase and 100% of rehab. Just curious. Thanks!
Ray Hollins
Denied Loan even w/Great paying Job, DTI and credit score
I suffered a kick to the stomach today. I work in the healthcare field, I make good income, receive a W-2 but I only work in 3 month throughout the year for multiple employers. My plan was to purchase my very first pr...
Mark S.
Family Bank - Anyone Doing This?
I just finished reading The Debt Millionaire by George Antone. Decent book (although I would recommend The Value of Debt in Building Wealth by Thomas J. Anderson over this one - somewhat similar concepts). The autho...
Nick Gibson
First flip financing / hard money?
First, I apologize for the long post. Brief background about myself.... I am a licensed home inspector and contractor in TN. I have worked for other contractors for about 8 years and about a year ago decided to go out...
Greg Betts
Becoming a Loan Officer advice
I'm considering a move into the mortgage industry to better align myself with my real estate investing goals. What advice can you give about the industry and what I should be looking for in a company?I would be transi...
David Lee Hall, III
Owner Financing Processing
I have had a couple scenarios where I have done a land contract for installment payments on an acquisition. I have one coming up that is going to be a traditional seller financed mortgage with a note/lien.
Does anyo...
Ronda R.
Hard money loan against a mortgage - How do i go about it
I am borrowing money (from my parents), interest only for 6 months. House will be a flip. I want the loan lien to be filed against the house so that when I sell the title company will pay the lien holder first and tha...
Derek Mitchell
Deal Review in ABQ
Hey Guys. I've got a deal I would like some input in. I've got the opportunity to purchase a SFR subject to.
The current loan on the property in about 135k and it is valued at 150k. The payments ...