I'm considering borrowing money from my family to use for a portion of my down payment on a rental property. Any advice on how to navigate the conversation and also agreeing on terms?
Here is the scoop:
BPO is $35KThe borrower has passed away and a relative is now living in the house. No payments have been made on the note since March 2016. City and County back-taxes amount to $1,110 and propert...
Investment Info:
Single-family residence hard money loan investment.
Purchase price: $175,000
Cash invested: $50,000
This was a repeat borrower. He needed to close this and another quickly and we fi...
I recently received the payoff from a previous loan and am looking to lend that money back out. Where is the best place to find quality borrowers if there aren't any great RE meetups in my area?
In addition to a Cognovit Promissory Note, I have a Personal Guarantee from a borrower who has defaulted on a loan. I have already initiated foreclosure proceedings.
Does anyone have experience using a Personal Guar...
This question is for private lenders/HML. If a buyer uses your POF to enter a contract and you then decide you are not going through with the deal...how does the borrower know that. With a typical bank you would get a...
Hello everyone!I am looking to buy my second property, I purchased the first using a bank loan. Now my parents are wanting to buy the next one in cash, due to high interest rates. How best do I go about doing this? Ar...
I'm confused. Can you borrow money from solo 401k for personal use? I understand like buying your primary resident. Can you take a personal loan? Personal loan can be buying a car or anything personal like that ri...
I have kind of hit a wall. I am in the process of investing in my first 4-plex in Phoenix, AZ. I was planing to finance it with an FHA loan with 3.5% down. My dad was going to be a co-borrower and provide some of the ...