Gary Moore
Conventional loan with private or hard money for down payment.
We have an opportunity for a really sweet 50 unit off market deal 2 blocks from a well known college. Looking for creative financing for the down payment. How do you all structure your repayment for the hard money or ...
Deyano M.
Conventional mortgages-multiple flips
Current: No prepayment penalties on a 2nd home mortgage through two lenders we have spoken to at length.
Scenario: If we successfully flip 2-3 months after closing- pay the loan off completely and contact the same le...
Aleksander Dabrowski
Heloc research and questions
Hi. This is my first post as I just realized my I tried post never went out. I am really looking forward to connecting with you folks in here as I have recently learned so much.
Anyway, I want to open a heloc on my ...
Shay Sechler
3 months behind tenant
we have an tenant who is 36 she works two jobs and had medical expenses for an emergency room visit. She had always paid on time no issues but after the event she has fallen behind. She reached out last month to say s...
Rodney Marcantel
Self Directed IRA or Take Loan from pre-taxed Retirement?
We have 2 options now that we're selling our home and cashing out enough money to pay our daugher's college fund. We have a 403B account in my wife's dad's name that is over $300K that is only drawing 3.5% interest. S...
Jessica Howard
What's the best way to establish business credit for a new LLC?
Hello community, I'm new to real estate, and have established my LLC for my notes and tax lien business.
I need to establish business credit, and have searched the forums and wondered whether the posts I've seen th...
Sean Dezoysa
Why Do Transactional Lenders Charge High Fees?
I notice that transactional lenders seem to charge about $3,000 to provide very short-term funding to do a double close. Since transactional lenders typically require an end buyer to be in place, it seems to me that ...
Kevin Kim
Loaning to cure a default. Need a 2nd set of eyes on this....
I'm going to loan a distressed homeowner 10k to cure his default. His current LTV is around 55% (1st and 2nd mtgs). I want to see if I'm on the right track....
1) I'm going to buy his home on a mirror wrap subject to ...
Mindy Jensen
Does anyone have experience with HUDHomesUSA.org?
I found a great property on HUDHomesUSA.org. Did this replace Fannie Mae Homepath? Does anyone have any experience with this site?
Christopher Blake
Private lender
Hello BP. How does one become a hard money lender? What pros and cons are there for the lender. Also what amount of money is a substantial amount to be considered a private lender. Any information would be great. Than...