Nick Stango
Borrowing money from my brother
If I'm borrowing money from my brother's self directed IRA and paying back with interest for my first fix and flip, do I need to open a LLC or can I do it as a personal investment? My accountant told me I don't nee...
Kai Van Leuven
Borrowing Money From my LLC
I have a house that is going to close on Friday. My lender took too long on the financing and now I am forced to buy the house cash through my “working capital” LOC on a property that is owned by my LLC. I have really...
Allen Frazier
Paying back investors (borrowed money)
So I looking to borrow money for a down payment from friends/family. I was wondering what are ways going about to pay them back? ex. paying monthly interest until I can pay in full, writing a contract and notarizing, ...
Alice Huang
Canadians borrowing for US properties
Hello everyone,Does anyone have experience dealing with lending for foreign nationals? Or have foreign business partners?Am Canadian and my business partner is American. Want to ensure we don’t max out his DTI. Want t...
Account Closed
Profit Banks Hide from Borrowers
Service Release Premium (SRP)/ Overage
Profit Banks Hide from Borrowers
"Service Release Premium" (SRP) or "Overage" is profit that banks make when they sell a Borrower's...
Ryan Martin
Borrowing money from private investors
Good evening all, I was wondering what it is that you do when you would like to gain investors confidence in a deal? My biggest downfall right now is wondering what you guys use to get an investor under contract? Do y...
Marshall Leipprandt
Co-Borrowing w/ In-Laws
My wife and I are looking to buy an investment property in FL near her parents. We currently live in CA, but will most likely be moving to FL in the next 5-10 years. We pitched the investment property to her parents, ...
Hank Powell
Non Occupying Borrower Overlay HELP
I am a non occupying coborrower, on a rate in term refi, attempting to purchase my first home. The issue I am running into is lenders having an overlay requiring 12 months of payment receipts in order to dismiss this ...
Larry Taylor
Mortgage Borrower + Chapter 13 Bankruptcy
Hey guys,Would love your help and guidance.The local bank I am buying from wants to get rid of the mortgage note and willing to part ways with it at 55% of the current principle. The borrower filed for chap 13 bankrup...
David Fligor
Empty credit report on borrower?
I am dealing with something of a mystery and would love to get pointed in the right direction or told not to worry about it.I have placed a bid on a 2nd NPN on a single family house in Connecticut, which was accepted....