Hey BP! I need some help. I have been working with a local bank trying to do some creative financing on a 21 unit property. The problem is that most banks in my area have no idea about creative financing. I feel l...
I am not understanding the entire financing process with personal name versus LLC financing. Every bank I talk to wants to finance me with a 5/1 Arm with a 20 year am at 6% or higher interest rate for my LLC. I have m...
I'm currently in discussions of putting a deal under contract where the seller is willing to seller finance. My plan is to BRRRR this property. Is there a seasoning period after the deal has closed to refinance to a...
I am looking at a self storage deal. The owner is asking 550000. He wants to 400k down and to seller finance the rest. Can I get a loan for the down payment and let him carry the rest. How does this work with the bank...
Let's say I'm loosing 90%+ of my buyers because they are just falling short of having enough deposit for a Loan. Most bank are requiring 30% down. Most of my buyers are falling just short of the amount. Is it possible...
If anyone is willing to provide some insight on how to execute either of these strategies it would be greatly appreciated. What contracts do I need? 3rd party note servicers? What are all the steps to protect me and t...
Hey Everyone, who's recently used either subject to or seller financing to buy a property? I just moved to Chattanooga and one of my clients wants to get into creative financing but I'm still learning the area myself....
I am looking into CoreVest Finance for possible funding. Has anyone ever used them?I am open to other suggestions as well. I have equity in my rental properties i am looking to take advantage of.
I am looking for the suggestions on the best financing solutions with the seller financing 50% of the loan.
Hey BP,I want to start a discussion to see which is beneficial for investor, a private financing or bank financing. Please factor in the pros and cons for each.Private loan: (15 yrs Fix Term) ...