Erick V.
Borrower filing bankruptcy...what happens?
What would happen if after you buy a NPN, the borrower decides to file for bankruptcy? What happens to you as the note holder? I assume if the borrower throws the property into the bankruptcy that it would go to th...
Anthony Santa Ana
Borrowing against a commercial property
I have a commercial property free and clear (land and building) and want to borrow against it. I want to use the money to reinvest it in cash flowing rental properties (SFR and/or MFH). Any suggestions about what typ...
Dean Julie
Borrower not returning my calls
There was a borrower that I loan some money from my IRA for the rehab on a project. As far as I could tell, and can still tell, the project should turn out successfully. However, whenever I try and get a hold of the g...
Shahn Sattar
Tax Question Regarding Borrowed Money
Hello BP,I am looking to buy my first investment deal and I had a quick tax question for anyone that might be able to help. I have been pre-approved through the traditional means (20-25% down) but I have been recently...
Jake Langley
Borrower in arrears on note
I have a borrower who is always one month , or 2 months behind on Loan Payments for a note I hold. They are also delinquent in late fees. At what point can I start a foreclosure or at least present the idea of a Dee...
James Beasley
HELOC/Borrowing against a property
I have a question. I own a property that is paid off. I need to have about $6,000 in repairs before I can move a tenant in. What is the best way to borrow the money? This is not my primary residence.
Pilar Jin
Co-borrower or another lender?
Hi,I am a foreign national trying to get a mortgage from a small local bank. The underwriter looked at my case and find big gap at debt to income ratio. I made a mistake to add too much expenses on my tax return of th...
Noah Kellar
Best banks to borrow from?
My credit union only offers conventional loans for single family homes at 20% down. I am interested in a duplex for my first property. Which banks do you all recommend for an FHA loan? Thanks!
Brian Neyhart
borrowing home equity to fund
New investor here. Wanted to know if anyone has used their home's equity to fund down payment for a investment property.
Francesca Tindal
Sell or Borrow from Equity
I own a single family rental property in Orangeburg, SC clear. Currently it rents for $850 and after all expenses I cash flow $493. I would like to buy a second property in Northern NJ to house hack. I am wondering if...