Douglas Peterson
Best loan structure
If you could borrow 50k for 5 years at 8% simple interest with monthly payments or 50k and 9% compounded annual interest, with no payments until one lump sum at the end of 5 years, which option would you choose and why?
Alyssa Paros
Looking for 10% down no PMI
I know I heard about a bank that would allow 10% down without PMI on one of the podcasts. I am kicking myself that I didn't write it down. Does anyone have the name of that bank that offers this loan or a similar bank...
Marissa Barrios
Heirs stuck with tough decision on Short Sale on house
I have a question and I hope someone can help. The executor of the Estate found out mother had a reverse mortgage on it and the lender didn't give any information or tell the executor of the estate had any options on ...
Laurence R. Smith
Banks vs. Private Money Lending: What's the Difference?
When it comes to borrowing money, you have choices. Here's a quick breakdown of the differences between borrowing from traditional banks and private money lenders along with some perks of private lending.1. Approval P...
Leigh C
Wanting the Loan officer to put skin in the game. Is this possible?
So, I'm selling a property and I know this USDA mortgage broker is just telling me (the seller) whatever i want to hear. I've heard it before, we all have.....Is there any way to get this guy to suffer some sort o...
Rommel R.
HELOC & then Cash Out Refi???
I’ve been saving cash to start my BRRRR project my Family wants a pool built. Our primary home had accumulated at least $50k of equity in 9 month (From $248k to $307k). My question is, if I tap into my equity through ...
Jason V.
New Part-Time Investor from Western New York
Good Morning All!I'm a new member from Western New York. My wife and I both work full-time jobs and are starting to purchase investment/income properties on a part time basis. Right now we own a single family home tha...
Jackie Kwapsiewicz
2nd, 3rd, and 4th position lender
Hi all,If your borrower had the choice of keeping their low rate 1st and/or 2nd position Mortgage / HELOC, would they consider a short-term third position loan instead of a Hard Money loan? (option includes their Prim...
Stephon Shaw
Borrowing Money from 401K
Good Day BP, I need a second opinion. Would it be logical from me to borrow money from my 401K to purchase a home whether for myself or for rental purposes? Can this be done? Are there any other strategies you'd sugg...
John Thedford
NPN 1st-3 Year Balloon--Due 1/2012--Note Not Enforced
Hello all:
Got a potential note seller wanting to sell one under these circumstances:
Approx 74K face value
7% interest
Balloon due 1.1.2012
Note holder has not called note.
FMV of RE securing note is approx. 80K.
Ask...