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I am looking to build a relationship with a small local bank in my area and am wondering if this would be beneficial?
I take $50k and put it into a CD and open a line of credit against it.
Do you think that would hel...
I'm wondering if it's legal to compensate someone in return for their acting as a third-party guarantor on a home loan. I've heard about such arrangements with corporations and commercial real estate deals, but third...
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What are the exit strategies for a private money lender if you cannot refinance the property using traditional bank financing during a down market?
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Hello BP members,I need an advice. I am trying to wholesale a deal. I am assigning the contract and my end buyer wants to purchase the contract through Bank. He is not a cash buyer. He has pre-approval from his lender...
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Currently have a listed 4-plex for sale, 100% occupied. As a screening tool, I ask for proof of funds before we bother a tenant and show the property. To me, any liquidity qualifies: bank letters, bank statements, sto...
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Have a small property with a $95k ARV. Purchased the note for $15k. There are approximately $10k in delinquent taxes. Property will need ~$15k in work to achieve the ARV.Owner really wants to stay and can (with a BIG ...
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I’ve heard that the federal government has set a limit of 10 mortagages per person. My question is on loophole in that limit. If someone is married would the husband be able to get 10 in his name, 10 in the spouses na...
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For homeowners in Colorado and across the country, 2020 was a year of enrichment unrivaled since 2013, when the nation was bouncing back from the housing crash.
U.S. homeowners gained $1.5 trillion in home equity las...
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I just got pre-qualified for a large commercial loan to acquire a package of 6 SFRs. (I have 7 SFRs now, 6 of them acquired in the last 14 months using a mix of conventional, hard-money, and cash - with all now under...
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Hello everyone! I have been talking to a local landlord about seller financing me one of his rentals and he seems very interested. I’m just not quite sure the actual process to get the deal done. Should I just have an...