Timothy Douglas
Private Lending Mechanics
When do private lenders actually get paid? Say I want to buy a house that's worth 45000 to buy and hold. I need a 9000 dollar down payment. Let's say I get that from a private lender. When would they actually get that...
Mark Lynch
Banks views on private money
I was talking to mortgage company loan officer and I mentioned that I would be getting a private money loan from a friend for an investment property I’m looking to buy. She said that the bank will generally frown upo...
Tarun Sundriyal
Purchasing and owning duplex by 2 different individuals without LLC
Hello There,I with my friend is looking to purchase / place order for duplex with individual ownership. Just want to confirm if that is possible to begin with without going LLC route. All I am looking to know whether ...
Ryan Stockman
Application Acceptance question
Hello All! No one seems to be able to answer this questions. Let’s say you have a minimum credit score of 600 to rent a home. A couple or two friends decide to apply. In this situation, one has over the 600 credit sco...
Bob Basting
First deal questions
Working my first deal with a friend of mine. My investment funds are from my Solo 401k. We are able to do the deal with cash, including renovation costs, using a Tenancy in Common arrangement. He will be doing the ren...
Tyler Rebischke
House Hacking in college
Hi everyone I was recently on the forums and came across the idea do House hacking. As a college student with some extra money laying around this idea is very interesting to me but I have a few questions. 1. Would any...
Lucas Pfaff
What is STANDARD? Partnership Structure & Agreement for Fix & Flip
I'm trying to source any articles, blog posts, etc that discuss the standard options for the formation of partnerships. While I'm generally familiar with the options, I am trying to share this information with friends...
Account Closed
Should my first deal be a partnership or do it solo...
Hey guys, I am planning to invest in my first property this year, looking renting out a 2 family house. Now a friend of mine wants to invest with me which means I can invest in a property sooner than if I just go into...
Chad Lundquist
Some tenants leaving & the remaining wants to bring new tenant in
BP Family,I have a property that we rented out last July to four (4) friends, but just recently three (3) of them moved out and the remaining one has found two (2) other friends (engaged couple) to move in, but wants ...
Ashley W.
How do I structure deals with raised capital?
I am starting to receive interests from friends and family who wish to contribute capital to my potential deals.Can anyone tell me how I would structure the investment agreement? I'm assuming I would get a real estate...