Matt McKinney
How do you finance a big deal?
Up until this point my sweet spot has been 4 unit townhouses that I’ve financed with 20% Down from big banks (Wells Fargo mostly) on average I pay about 200k per property. I have several buildings all spread out and w...
Derek Clark
Transferring Deeds and the Due on Sale Clause
I am in process of setting up LLCs to begin the process of getting properties transferred over and out of my personal name. I have 7 investment properties with 1 of those commercial. I setup three entities a resident...
Jacob Gregory
Zero to Thirty in less than Two years!
Hello BP members,
Well, I don’t know if it’s a success quite yet, but I wanted to share my wife’s and I story with all of you. In 2016, I read a book that got me on the real estate bug( Wife already knew the secret)...
Will Foster
How to get a Line of Credit?
Last night I listened to BP Podcast 311 with J. Scott. He and the local Real Estate Investor Group I go to both have mentioned that now is the time to begin to open up Lines of Credit. Their reasoning is, because when...
James Lapp
Advice on loaning to house flippers for renovation budget
Hello, I am a potential hard money lender considering loaning to two individuals who are flipping a house. Individual #1: Taking out traditional mortgage with 10% down to purchase propertyIndividual #2: Managing resto...
Andrew W.
Prepayment Penalties - How to Avoid - Views?
I have 8 separate 5 yr fixed rate mortgages (and P.notes) that the same bank (in Wisconsin) has made to two of my LLC's and secured each loan on a separate property. I personally g/tee these loans.
Rates have moved ...
Stephen McAuliffe
Buying Mobile homes by paying off unpaid lot rent
I was wondering if it was possible to buy mobile homes in various parks by paying unpaid lot rent ? Also could I treat this similar to purchasing a tax not and eventually repossess the property ?
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Banker New Member Intro
This is Mitch Holland from Trillions Capital Group. We are a private
commercial lender and banker. We do deals primarily USA and some Internationally when feasible.
We offer both lending facilities and a Proof of F...
Lisa Edwards
Bank CALLS US to buy a one off note
OK so, to qualify this, I've never bought a note before ....but I have paid attention and done some research. I have a property where the home owner is about 5 months behind on his mortgage and the bank is ready to st...
Jacob Casarez
Financing
Can a bank or lender finance 100% of a deal if I were to get an offer accepted for less than 80% of the property's appraised value?