I am a new investor. Sherman Bridge lending, a hard money lender was recommended to me by their sister company New western wholesalers.The loan funding was quick. But the moment I was locked in and started the rehab, ...
I have been told by real estate brokers in different geographies of the Western US that the local banks control more than three years of supply of homes that are in default but that they refuse to foreclose on. The ...
This is my first short sale. I put in my offer and it was accepted by the seller. Now, I have to wait until the bank approves the offer. So, here I thought my all cash offer with a 30 day close would be a quick turnar...
I have a close friend who is a contractor and flips houses. He has worked with other hard money lenders in the past. I have been wanting to invest in real estate and he suggested that I become a hard money lender. ...
Hello BP community, just checking in with the group for any tricks of the trade with portfolio management or accounting systems being used by note investors. I use QB Desktop Pro for all my accounting and it seems to...
I am proud to say I am finally on the board! I have my first investment property! A brand new three bedroom town home right next to a university. I was just wondering what my next plan of action should be. Should I do...
Hi everyone,I called Wells Fargo, who services my loan & they said that the investor (Fannie Mae) won't let me transfer my house into a LLC. It was originally bought as a primary residence in 2013 but has since be...
Don't let your excitement and determination to get a deal funded blind you to the notorious red flags of so called Private Money Lenders. Believe me I know, I've dealt with enough PMLs to see the red flags before they...
When selling a rehab with owner financing do you normally give a contract for deed or warranty deed. Isn't a contract for deed basically a lease option contract in some states? I'm in AL.
Seems like I would give the ...
Good afternoon everyone!
Considering this is my first post, I would like to start out by saying what an awesome and educational forum I consider this place to be. I have been lurking around for a while now as a gues...