Kurt Mace
Hard money lenders for Buy and Hold properties
Hello everyone,I want to start financing buy and hold investment properties but I am looking for funding. My question is this. How can I use hard money lenders for this type of strategy? My problem with hard money is ...
Rivy S.
How do wrap around mortgages affect my DTI
Hi,I am trying to understand how doing a wraparound mortgage will affect my ability to get more loans. My rentals with regular mortgages on them add to my income (rent *.75 - payments). But with a wraparound mortgag...
David Capote
Silent wrap-second mortgage-how easy is it to refinance?
silent wrap-second mortgage-how easy is it to refinance?
I have a seller offering me a silent wrap second mortgage. He says I'll get an affidavit of equitable interest at closing and my payments to him are escrowed a...
Rob Newsom
Who owns this house?
I've found a house that appears to be unoccupied and in disrepair. I've looked up the owner of record on the county tax records and attempted to make contact, but have had no luck. I have found legal documents that ...
Natasha Hunter
Re-performing CFD in Indiana 76% ROI!!
Investment Info:
Single-family residence note investment investment in Kendallville.
Purchase price: $18,500
Cash invested: $23,000
Sale price: $35,500
Case Study of our Kendallville, IN CFD
I...
Katie Moynihan
How much capital is needed to buy an apartment building?
I currently have two renal properties a multi family and a single family and am interested in expanding to something larger. I’m wondering how much liquid capital is needed to purchase an apartment building. I would b...
Kurt Kwart
'Subject To' / 'Land Contract' Landmine to consider!!
Say you take over a property Subject To and have been making payments for years. The real owner of the property gets an IRS lien. You get screwed.
Jeffrey L Evans
Difference between HELOC and home equity loans?
Hello all, I need to arrange some money for my ongoing business. While searching for a way to raise fund for the business, I got to know that there are financial institutions that offer credit and loans based on home ...
Herb Lichtenberg
Commercial Loan Terms for an 8 Unit Apartment Building
Hi BP Community - I would greatly appreciate feedback on the following loan terms from a local bank. It's an 8 unit apartment building. I don't see anything that stands out except for the personal guarantee. I would...
Bud Dwyer
How to use a refi to purchase 15-20 SFRs?
I'm doing a cash out refi on some buildings I own in order to buy 15-20 SFRs in another market. The purchase price of each SFR would be in the $50k-90k range. I plan on putting down %20 on each one.
The loan office...