Michael White
Seller Financing - Minimum terms?
Are there any typical minimum terms that those providing seller finance impose on the buyer? Surely as the whole point of selling financing is to obtain a long term steady income, it wouldn't be in the interest of the...
Brian Gibbons
MHI SAFE Act comment letter filed with HUD March 1st
I thought I'd pass this along to the members of BP...
MHI filed the following comment letter today regarding HUD’s proposed rule on the SAFE Act.
The deadline for comments is this Friday, March 5th. Please fell fr...
Wayne Solum
Amortized loan aquisition costs for tax return
I'm trying to do my 2015 taxes. I bought my very first two rental properties towards the end of 2015 so I have no previous experience with this. From what I understand, loan origination costs cannot be included in t...
Gary Kaucher
Seller Financing - Condo Declarant - PA
My wife and I are the Declarant for 32 residential condo units that we built in Pennsylvania between 1984 - 1987. We sold 26 of those units then, and retained 6 units that we have leased out over the past 28 years. S...
Bob Jones
To those who seller finance, what're your thoughts of Dodd Frank?
I have heard varying opinions on Dodd Frank. Some say it has killed seller financing. Others say seller financing is fine as long as you have a loan originator. I've heard still others say that even a loan originator ...
Johnny Gonzalez
Cash Out Refi a Conventional Loan with Original Title held in LLC
What's up, everyone?
I just closed on a single family investment property two weeks ago. Closing was in the name of an LLC. The loan is conventional Freddie/Fannie. I would like to do a cash out refi in several years...
Michael Marshall
Need a new broker that will allow Real Estate and Loan origination
I am looking to work both sides and need a broker that will allow this. If you are looking to add a new member to your team contact me. I am currently working toward myNMLS and Brokers license.
Christopher Telles
NOD has the cure amount the same as the original loan amount.
We've never bought a property through foreclosure and have recently run across several possible acquisition properties that have peaked our interest.Although I've never bought property in this manner I have watched pr...
Kenny Pyatt
Do I need a license to Originate a PM Loan in TN
I searched for this on the forums and saw a ton of older discussions but didn't see anything specific to Tennessee. I have a very close friend that has been flipping houses. I recently sold some property and have so...
Ryan Duphorn
Is my loan origination charges high or normal for this current market?
$269,800 loan. Loan origination charges are $4,670 (origination fee) and $1055 (underwriting fee). My loan is a 5% down owner occupied conventional loan at 7.5% interest. At first glance, this seemed high to me but I'...