Could someone explain to me the ramifications of getting/giving a loan in the name of the LLC vs. as an individual/couple. Both from the standpoint of the borrower and the lender. TIA
Hi BP! I called several hard money lenders a few months ago and they all said they would lend 80% LTV but that their LTV is based on purchase price. Listening to BP podcasts and reading Brandon Turner’s book on invest...
For those of you that deal with property values of $100,000 or less and have good credit, this can be a really good deal.
Recently, I spoke to an investor out of Texas that financed 100% flip with 0% APR credit card...
I'd like to propose a simple question. If you have the ability to source investment capital regularly at a realistic interest rate, let's say 7% APR. Is it wiser to borrow the money rather than 'earn' the money trad...
Hello, how would you go about structuring borrowing money from a family member for a down payment? Interest, length of time etc.
We have had quite a bit of success with a new service we provide as an adjunct to our private loans. When we get a loan request for a refi, we ask the borrower if he’d like us to contact the current note holder and s...
Does anyone know what type of account you can transfer your 401k to, and then borrow from it/ pull from it? Without any penalties? I know I heard it’s possible, I just can’t seem to find out the right way to go about ...
What website or company are people using the most when checking the borrower's credit? (assuming you can get the borrower's name and SSN from the note seller).Thank you,
Hello BPI am a novice investor with three duplexes in St. Louis, MO. I acquired my properties by house hacking FHA loans. Now that I am no longer single the option to house hack is no more and I would like to scale my...
I am looking to buy a rental property in the near future but do not have the necessary funds for a 25% down payment at the moment. I have a family member who may be interested in co-borrowing on an FHA loan with me an...