David Sun
iFunding sells me a promissory note, very dissapointed experience
I participated several iFunding deals this year and then get to know iFunding CEO, William Skelley. At July, William called me several times introducing me some of his private deals. At that time I trust him and took ...
Chanel Oldham
Just purchase my first property with $5,000 in CASH (DETROIT)
Hello BP Family,I just recently purchased my first property. It is a distressed HALF Duplex in Detroit, MI (my hometown). It was a cash purchase and I've done some renovations with cash as well. I want to take some...
Denis Ponder
LightStream/SoFi Lending Options
Good afternoon,I wanted to reach out to see if anyone has utilized these funding sources in regard to their real estate investing. If so, did you find the experience beneficial/productive? Looks like you can get a p...
Account Closed
401k loan
Hello,If you borrow from your 401K through an employer, is it typically 50% of the account balance that you can borrow or is it 50% of the employee's contributions? In our case there are earnings and employer matchin...
Dan Krupa
Retirement accounts as collateral?
Question for the smart masses. I am catching up on podcast and I listened to episode 55 featuring @Jimmy Moncrief. He stated you could use a retirement account as collateral for an unsecured loan. Does anyone know an...
Bryan Price
Hard Money Loan Past Due (any red flags?!!!)
Hi All,
I signed a promissory note secured by a single family home that a real estate investor intended to flip. The real estate investor has advertised on this site, and continues to advertise joint ventures and pri...
Lisa McKinney
HELP!! How to Structure part finance/part seller buyback
We are selling a house with part loan, part contract /seller buyback.
Original PA sale price of $225,000 with buyer securing investment financing for $157,500 and seller financing the remainder at 8% with a 5 year b...
Debra Lamm
HELOC vs. unsecured line of credit for rental
There is no question that I have to use OPM for this venture. My big question right now is HELOC vs. unsecured line of credit. The goal is to purchase a B/B+ rental that does not need copious amounts of repair. Sho...
Nicholas Rickman
Who knows how to build expedite my credit building.
I was encarcerated for nearly a decade. My wife has amazeing credit. I have zero credit. I opened a secured line and am useing that. I pay it off so to avoid interest. I bought a truck but we had to put it in my ...
Alex Natanson
Business loan in New York
Hi, I am running a flipping business in NY and found a financial gap of 80K that needs to be covered for 4 months while I'am selling one flip and building a new house from the scratch at the same time. Conventional mo...