Ken Bucho
Real Estate Notes
I am buying a partial on a note and we are finalizing the agreement does anyone know where I can get a contract that is already written for this transaction.
Alex E.
investing with partners
Hi everyone,
I have a friend who is willing to cover the downpayment for a multi-family or apartment building, which is around 20% of the loan amount. I am also planning to apply for a commercial loan since a lender...
Mark Scarola
Workouts Without the Original Mortgage
Hi. I just recently purchased a small note pool and the collateral file on one particular note appears to be missing a few things. Specifically it's missing:
The original note. There is a recorded copy, but ...
Jared Ryan
LLCs and personal mortgages
Hello BiggerPockets!I'm exploring the possibility of getting a 10-unit apartment building. With that in mind, I'm wondering if I should get an LLC.Benefits of LLC:1. If I live in the property, I, Jared, can rent from ...
Mike Gebhardt
Notes, NPF and Performing
Greetings.Forming a JV with a friend to invest, broker(?), and trade notes.We are former partners in a bond trading background, and understand networking, brokering vs principal transactions, and how to protect our cl...
Jimmy Klein
Guarantor On Non-Recourse Loan?
We are looking at taking a 70% LTV loan. Total loan amount is around $3,400,000. Regarding the equity portion, we already have investors who are committing their money. The loan is non-recourse, but the issue is that ...
Robert Herrick
Where To Hold Private Money During Rehabs
Hello All!
I am about to purchase a house to flip in Alabama at a great price. A private money lender is going to send me $200,000 to buy and rehab the house. It sounds like there are no escrow companies in the area ...
Christian Albright
Student loans, pay them off before investing?
Hi BP,I have about 20k in student loans that I’m due to start paying in September of 2020. I plan on having a job that pays ~60k a year by then. I have about 11k in savings and want to time it so I can start house hac...
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...
Charlie Cameron
Looking to Network w/Residential Lending Partners Across the US
What's better than forming new partnerships?! I'm looking to network with residential loan officers across the US to partner with. The gist is that you'd be the preferred lending partner in your service area for age...