Hi All,A few questions here.1. Have anyone self-originated a promissory note (pledging their properties as first lien with a mortgage note) before? What I mean is, instead of finding banks, FHA, commercial loans or Ha...
Hello BP Community!While accumulating small multifamily through househacking, our (my wife and I) strategy requires that I maintain a W2 job for a bit longer. Since I have to keep a W2 job, I would like it to be produ...
Happy Friday everyone!I own a duplex in a historic district in Rochester NY. My house has beautiful detailed original dark wood trim (house built 1894). I believe that renters prefer brighter spaces. I want to paint a...
Hi - I'm a new investor outside of chicago and wondering if I should establish an LLC or establish an LLC in a different state. I'm only asking because Illinois charges 4x other states for annual renewal and the init...
I’m a newly licensed MLO and I’m curious to see what percentage is a fair commission split with a mortgage broker. I live in Los Angeles and I want to make sure I agree to a fair split. Also if anyone has any tips to ...
I'm looking for good recommendations of MLO's (Mortgage Loan Originators) specifically for mobile homes here in Indiana as I'm seller financing the trailers.
Hello All.I am refinancing a 3 unit investment home with Fannie Mae Guidelines. 70% LTV cash out. Lender is a small brick and mortar bank in the North East.My lenders origination costs are 2.5% not including discount ...
Is it normal for private money lenders to charge an origination fee upfront and take payment upfront?
Hello All at Bigger Pockets,I'm Eric Love in Jacksonville, AL USA. I've managed my own residential rentals for 51 years. Being top rated for best run and safest for many years, I'd like to see my methods and forms ...
I’ve been looking for this answer online and can’t find it but it seems it should be a pretty easy question to find an answer.:When a wholesaler gets a property under contact and in the event they are dealing with a ...