I am wondering if there is a way of having an investor pay for downpayment of a home, and then accept a term of being paid back in about 10 years with one lump payment. I would like to borrow 100k and then in 10 y...
Hello, I'm starting a hard money lending business and I am struggling with my business structure. Let me give you the lay of the land as I've intended to set it up and the issue that I'm having.We've formed a stand-al...
For the past five years, I have been providing private loans to a builder for new construction projects. Our agreement has typically been structured as an interest only loan, where he puts down 25%+ when purchased and...
I currently fund my California fix and flips with a mixture of Hard Money and Private Money. I create a promissory note for the PM and record it as a second lien against the property.
With the current requirement in...
I had a borrower come to me with a request for a hard money loan this week. We are asset based lenders, so we lend primarily on the value of the property, and not on the ability of the borrower to pay us back. However...
ok im not quite sure if anyone other than an attorney can answer this question but Ill give it a shot and see what responses I get.I have been doing business with a local credit union in my area for a couple years now...
Good Afternoon BiggerPockets!I recently had someone I'm very close with approach me about the potential of becoming a private lender for me. He is a retired business owner, lives a very comfortable life from the proce...
A buyer wants to purchase my property using a "cash for deed" arrangement. We still have to talk but the gist is below. Has anyone heard of this? What about the water bill? I want to be as disconnected from the proper...
Hey BP fam! Here’s the Situation: Looking for a home to live in. Found a pre foreclosure that is 2 years behind and still hasn’t gone to auction. No agent involved. I spoke with the bank handling the loan and got all ...
Hey ya'll, I just moved to the Houston area (not another one) and I'm looking to get started in RE. I know long term I want the income benefits of buy and hold real estate but I also want to do some rehabs and have co...