Marci Mayes
Selling using a Wrap Mortgage
My daughter currently has a conventional mortgage on a home in Alabama. She would like to sell her house using a wrap mortgage. Does anyone have any recommendations for a loan originator and loan servicer in Alabama w...
Carleton Ashley
Seller Financing a Multifamily Property - Seller/Buyer Sides?
A client is interested in buying a multifamily property with 80% seller financing. The property has no mortgage on it. Who has completed a sale with seller financing? With no mortgages and no bank involved, are ter...
Mike Welch
Contractor Hidden Fees
I'm in the midst of renovating a house to serve as a long term rental. I hired a contractor to put in a tile flooring with the look and feel of wood. The contractor gave me a bid that included 'Floor Prep' as a line...
Darcy Maiangowi
Hard money loan flip to myself to get equity out
I want to build a home. I've spent the last year and a half building my credit up to 600 from 457. I want to be the general contractor and build my own house. My brother who has been a foreman building houses for 10+ ...
Rudy Manna
BRRRR strategy with hard cash financing
I have a property on contract which fits the BRRRR criterion. Something like, Buying 120k, 25k renno, 180k ARV. Is it possible to do BRRRR with hard money? I was under the impression that bank are either 80% appraise...