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Hi i'm having trouble getting a lender for properties under 80k. Any recommendations? I'm in Houston Texas
I have a bit of an unusual scenario... My wife and I own our home free and clear with no mortgage (reside in Ohio). We are looking for a loan of $150K to pay off unsecured debt that has fallen into various stages of c...
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Looking for some clever ideas. I am trying to do a Second Trust Deed private loan in California. The borrower has credit union loans in first position. The covenants with credit unions are saying borrower can not add ...
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Hi all, I'm on the hunt for a good bank open an unsecured line of credit with. I've called around to a few already and the standard reply I've been getting is that they cap their credit limits at half of the borrower'...
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Both my private lender and myself are new to private money loans. What is the normal or recommended way to document the loan so that both the lender and the lendee (me) are covered? Is it a promissory note or...? I...
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It seems that all private lenders offer the same program. Finance upto 80-90% purchase price plus upto 90-100% rehab. Interest only with 2-3 points at closing capped at 65-75% ARV. Some have less red tapes than others...
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I am in the process of getting my financing in order to purchase rental properties. I am speaking with a local credit union about getting a unsecured loan ($40000 or less)which should not be a problem in obtaining. My...
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Ive been searching the internet for a good company. I was looking for no doc for around 300k. Must seem to have super high fees up front around 15k or so. Any help on which company to go with for no doc lines of credi...
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Hey all, I’m looking to house hack in NYC by buying a 3 or 4 family through an FHA loan. The problem is the FHA loan limits (~$1.2M and $1.5M respectively for a 3 and 4 family) and my available cash put these propert...
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Hello! I want to build an accessory dwelling unit on my property in Western Massachusetts. It will cost about $100 - $120 dollars. I want to take out a loan independent of the the existing property. The lender I'm con...