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Results (2956)
Ryan B. Why a business line of credit?
3 August 2011 | 8 replies

Forgive my ignorance, but I just want to make sure I am thinking correctly.

I have a home equity line of credit that is open and I can draw cash from whenever I want, is a business line of credit along the same theor...

Adam Budgin Promissory Note for Down Payment?
14 August 2020 | 5 replies

Hi BP,I'm looking for guidance on how promissory notes can and cannot be used for acquisitions.  I have a few sources of private money I can tap into, and I'm somewhat confused on how I can make the most of the privat...

Account Closed US Bank for BRRRR Investing
5 July 2018 | 15 replies

The local US Bank in my area has a commercial banker that I really like and get along with (Currently working on a deal of mine)... But it takes so long to hear back and the communication seems so delayed....I am goin...

Rhondalette W. Please advise-15% down or 20% down- gift money issue
24 April 2016 | 10 replies

I am in the process of purchasing my 2nd and 3rd properties with conventional financing from the same lender. Originally, I planned to put 20% down on both properties because I thought that it was a REQUIREMENT that i...

Brad Gilboe Does hard money make sense for this situation?
1 July 2019 | 4 replies

Hey All,  I am a realtor and have a client who is looking to improve his property prior to selling.  He has no income because he is taking a new job out of state after he sells in 4-6 months. He currently has a 1st an...

Larry Zucker Running out of DTI on conventional financing
29 April 2020 | 7 replies

New to BP and really enjoying the great information in the forums.
I have two rental properties purchased in the past year with good cash flow.  They are financed with 20% down through a conventional loan with a port...

Stacy Spencer Establishing Commercial Credit & a Co called American Wealth Fncl
2 May 2016 | 6 replies

I am a cash-flow investor with 5 multi-family homes.  I'm currently financing everything under my own credit and then vesting it to my LLC (with my lenders knowledge and approval).  It's a hassle and I'm not effective...

Angie Hills How to handle capital loan from relative
3 November 2007 | 3 replies

Hi all! I mentioned in a post earlier that we are in the process of re-financing our house to get 10k equity out for starting capital to get back into REI and have a relative that is willing to 'loan'/'invest' around...

Luke Hoffmann Payoff Student loans with Flip Proceeds or reinvest profit?
4 January 2019 | 6 replies

Hey EveryoneI'm about done with my first flip property that I will be all in at $54k, ARV is 95-100k.  I have 19 buy and hold units currently and my original plan for this flip was to BRRRR it and buy another flip or ...

Xuan "Swan" Redding Private Notes: Lump Sum vs Demand
24 July 2013 | 8 replies

Hi BP,

I am putting together hard money investors to fund flips. To protect everyone involved, we will be writing up notes for the loans.

I see on LegalZoom there are 4 types of promissory notes:
Amortized, Balloo...