Hello,My partner and I are looking to buy a house at foreclosure. We'll use a hard money loan to acquire the property but then put a mortgage on it. We have the pre-approval ready to go but with my parents as co-borro...
I'm borrowing a line of credit for flipping homes. What documents or advice does someone have so that they have some collateral?
I have always heard that you need cash to purchase a property from the auction and I wanted to see if anyone in the BP community has heard differently or has any suggestions as to how to raise enough capital to purcha...
The title pretty much says it all. I hired a law firm to foreclose. I received a letter in the mail yesterday from the attorney handling the estate. Now what? What should I do if I want the property? Any comments, sug...
So, I'm on to my next property (buy and hold). I'm wanting to put as little cash as possible up front for the next one. I'm buying in the 10-25k price range. I have two credit cards. Current balance of $0 on both...
I am trying to create a contact list of Private money loan brokers.
This list will enable borrowers and lenders to be able to have direct contact with loan brokers.
Please add your contact information to the list, an...
Hello,I am trying to wrap my head around cash out refinance.Say if I bought a home couple of years ago for 750k and it has now appreciated to 950k based on appraisal and I have an equity of say 50k in the form of prin...
My Borrower moved his company to Delaware making it an LLC there which makes me a bit worried that he might try something and try to get out of the loan by splitting the llc . Would it be advisable to move my LLC from...
My Borrower moved his company to Delaware making it an LLC there which makes me a bit worried that he might try something and try to get out of the loan by splitting the llc . Would it be advisable to move my LLC from...
If you're interested in adding real estate lends as another tool in your toolbox, these are the steps I've learned you should take to vet your borrower before looking at any of their opportunities!
Background checkCr...