We recently had a hard money lender back out of a land purchase deal we had under contract a week before closing date. We had already extended closing by thirty days at this point for due diligence as the property wa...
So I looking to borrow money for a down payment from friends/family. I was wondering what are ways going about to pay them back? ex. paying monthly interest until I can pay in full, writing a contract and notarizing, ...
Hello Everyone,Does buyer Agent cash back money are taxable?Thanks,S
I never really understand this logic. Hard money lenders give you a loan at eye popping interest rate. They all seem to have the same policy. "We’ll loan you blah blah blah percentage of the LTV, plus 90-100% of rehab...
Hi BP fam quick scenario question; if I was working a Pre-Foreclosure lead and the owner owed $10,000 in back payments and I wanted to try to structure some type of seller finance (wraparound deal) but I didn't have t...
Looking to buy our first deal which is a buy and hold that cash flows well. We have a private lender who wants to give us $40k for the down payment and wants to be paid back within 5 years. He’s a family member so he’...
What process did you personally take to pay back your private money lenders (monthly payments, lump some after selling home, after a few years with interest, etc..)? Thank you for your time
Investment Info:
Single-family residence hard money loan investment in Carlyle.
Purchase price: $146,000
Cash invested: $146,000
Borrower purchased the property for 146k. It needed minimal repairs....
Hey everyone -Likely dealing with my first eviction; the tenant still has 3 days to pay before it gets filed with the court. Has anyone had any luck getting paid the money the tenant owes?I'm not so concerned with rem...
Good morning, BP! We recently completed a renovation on our rental home. The contractor told us the work would take 10 days to complete, but it actually took 2 months. Anyways, he promised us that he would pay us for ...