Sacha Ferrandi
What are Hard Money Loans?
Private money or hard money loans are loans secured by real estate that are often funded by private parties and are typically offered at higher interest rates than those offered by an FDIC-insured bank. A traditional...
Matt Hubbard
Business to finance the purchase of a building. Am I crazy?
A bit of history: My wife and I purchased a failing furniture store from a retiring couple 3 years ago. Year 1: lost $80k took no salaryYear 2: lost $30k took $5k salaryYear 3: Break even took $80k salary... and that'...
Roy Palmer
Savings/ business credit for rehab costs + traditional FHA for mortgage or FHA 203K?
Hello all,
As my girlfriend and I look to purchase our first househack, we are curious about the pros and cons of using savings/business credit for rehab costs vs. folding costs into the mortgage with a 203K loan.
...
Naveen Kolagatla
Help Please! In Contract for primary residence
Hi,
I am currently in contract with a new development builder in Bay area, CA. My loan got rejected after 21days financial contingency period. To be exact on 22nd day. The reason my loan delayed (generally it takes 7...
Char Prado
Seller Financing: How It Works in Home Sales
Seller financing -- when the seller gives the buyer a mortgage -- can help both home buyers and sellers.Seller financing can be a useful tool in a tight credit market. It allows sellers to move a home faster and get ...
Jeffrey Odu
Hoe to Fund the Deal?
Ok so i wanted to know if anyone thinks this would be good idea. I have about 200k to use as a down payment on a property, i wanted to know since i don't think i would be given a commercial loan, would it be smart for...
John Mitchell
Financing Help on a Quad Plex
Hi All,
My business partner and I have signed a contract with a construction company for the purchase of a brand new quadplex in Texas. The closing date is Aug. 30th and our lender just told us the loan did not pass ...
Steve Gerage
I can’t afford to pay warehouse mortgage. Can I lease out?
I hope I can get the answers from many experts here2 years ago I bought a warehouseI made 2 loans1 SBA 504. $5millions2 Commercial loan from one bank $8millionsMy business went down so bad. I could not afford to pay m...
Ben Freiermuth
Student rentals: How do YOU verify financial aid?
Good morning all!We are a student rental company located in University of Wisconsin-Whitewater. I was recently hired by my father (owner of the business) and he currently accepts financial aid from his student renters...
Christopher Perez
50% of Loan Requests get Turned Down Due to Improper Packaging
Preparing Loan Requests That Get Funded Lenders are driven by many factors; one of them is self-preservation. Simply put, no lender wants to make a deal that goes “upside down” Therefore, a would-be borrower, wants to...