Andraise Scott
LLC Conflict and Confusion - what's right?
Hello BP,I'm operating out of Maryland. I have heard and read that if you are going the LLC route, the property needs to be titled (before/after purchase) in the name of the company. An accountant is now telling me ...
John Kamble
Seeking Advice: Potential Loan Occupancy Breach Due To Sale
Hi BP Community,
My friend is running into what I see as legal issues. The situation is as follows:
She purchased a property as a primary residence and took out a conventional 30 year loan for mortgage on it. There'...
Rocco Talarico
Whole Life Insurance Agents
Hi All,I have been doing research into whole life insurance. I finished a couple of books regarding the topic. I especially enjoyed R. Nelson Nash’s Becoming Your Own Banker. I am aiming for a policy where my cash val...
Jodi Smith
Need help with 100% financing for a rehab
Folks do any of you know of a good hard money lender in IL That can do a quick close with 100% purchase price funding and rehab? I have the funds to cover the rehab until the draws to cover the projects. Thank you
Kent Byron
Buying a performing note - questions about the closing process
I’m in the due diligence period for my first note that I found through an online note exchange. It’s a performing note and the collateral is an SFR in a different state than where I live. I have read the very helpful...
Edita D.
Closing on a house in 7 days and credit score dropped 60 points
Hey guys,
we are about to close on the house, and we just found out our credit score dropped 60 points, so now we have a delinquent payment of 60$ reported to credit bureaus. (We did not receive a paper statement from...
Bryan Hancock
Is There Value In Having So Many Intermediaries Between Borrowers and The Secondary Market For Mortgages?
Fannie and Freddie are obviously doing a terrible job of assessing risk for borrowers with their mounds of prescribed paperwork. Apparently the Danes allow borrowers to access loans via the secondary market directly w...
Michael Taylor
Need Rehab Money for New Multifamily Building
I am purchasing an eight unit building that needs some minor cosmetic repairs, nothing major but I need to bring the building up to code and make repairs to the roof. My estimate is about $30,000 for the repairs. Th...
Jared Sandler
Steps for using a HML
Get asked about this a lot so figured I'd share. Every HML will work somewhat differently but I will let you know the standard flow:
1) Get pre-approved with an HML - This should be free. DO NOT PAY AN APPLICATION FE...
Daniel Mendez
BRRRR: Does 20% down also work for this strategy
Good afternoon BP,One of the things that I have noticed about the BRRRR strategy that many investors use is that it seems like everyone seems to be buying the property with no loan from a bank. Then they rehab it, ren...