Jonas Grant
Residential lenders that will lend in first position @ 100%+ CLTV
For my primary residence in Nevada, I have a first mortgage with a main street lender, a HELOC second, and an SBA commercial loan lien as a third. The commercial lien is to satisfy SBA lending collateral requirements...
Mark Mainini
Refinance process when doing a BRRR deal clarification
question from a newbie here. I am reading the BRRR book right now and I just had a question on the refinance part. hypothetical put down 20k on a 100k deal and finance 80k from a hard money lender. I rehab for 15k to ...
Scott Morris
Looking for advice for utilizing a large amount of equity.
Hello BP family. I'm an extreme newbie. My question is, I'm a partner in Boat/Rv and self storage. We have recently got our first stage completed, the appraisal is in and we have a large amount of equity in the proper...
Robin Morales
Building an Additional Dwelling Unit... Lending questions
Hey BP,A partner and i recently purchased a home with a big lot. Only i am currently on the loan. our goal when purchasing the home was to build a Detached additional unit in the back. I would like to know if my part...
Evan Bell
Secured line of business credit
I have a SFH and duplex free and clear in Southern California. I live in Arizona, but have the properties in a CA LLC.
My question is: who will extend a business line of credit using the properties as collateral? I'...
Mindy Jensen
What Happens If My Private Borrower Doesn't Pay Off The Loan?
I made a loan to someone last year. They have always paid on time, but asked for an extension. I extended 3 months, but am not comfortable extending further.What are my options if they simply cannot pay the loan back ...
Owen Thornton
Raising Debt, loans, and seller financing.
Hello! I was curious if any of you have raised debt to purchase a property before? Personally, I find it much more attractive than raising equity. I was thinking about raising debt for smaller properties, up to 100k. ...
Pratik Desai
How to get money out from rental / investment property
I am new to real estate investment. I recently closed on foreclosed property that required me to buy property on cash. I bought this property with 30K cash. Initial repairing expense is 5K. I am hoping to get tenant i...
Bret McKee
Buy a Pre-Foreclosure from a friend, or give a Personal Loan??
I have a friend who's home is currently in pre-forclosure status (caused by a lengthy identity theft situation). I would like to help him get out from under the mess by relieving some financial stress, and allow him ...
Horacio Gutierrez
Family Loan for Down Payment on rental property
Hello,I'm planing to borrow money from my cousin for a down payment on a rental property, and the rest of the money will be come from a bank. My concern is that if something happened to my wife and I, my cousin would...