Michael L.
Is any one here using promissory notes as collateral for more financing?
If so what are some good sources for financing the paper?
Francesco Ferrero
Private Investor Loan 3 Years 7.2% annum
We are looking into getting a private Investors Loan of 120,000$ with these Terms. We are calculating our repayments to be around 2700$ Would this be correct? Also we are not quite sure what point 3b means for us.... ...
Timothy Albright
Hard money lender ...
Hello BP! I’m Curious if hard money lenders have general requirements? Or, will that very from lender to lender ? I would love to hear about any interactions you all have had with hard money lenders and what I shoul...
Benjamin Cowles
What happens when collateral is in excess of the loan?
If you use hard money for just a portion of a purchase or say the rehab costs would they use the entire property as collateral ? Or in general is there a way of minimizing your collateral to only what would be necessa...
Carey Dodson
Loan Out Your Equity (Not Your Cash)
Do any of my BP colleagues have experience or more info on a concept that I will refer to as equity loans with equity partners? This would be where Investor A owns equity in a property or several properties and allow...
Brian Lubeck
Selling homes to tenants
Good morning. I have a question about selling homes to tenants. We have a loan on the property as a whole, but recently I have sold a few homes to tenants and only charging them lot rent. How will my bank view that...
David Janash
What can one expect to pay/earn with a private lender?
A couple of days ago I read about a newbie on here that was about to make $200 cash flow (I've made the same mistake) on a huge risky investment.
The pros weighed in and one stated "you can make more money managing so...
Tim Silvers
Solar lien disposition on vacant lot
House was severely fire damaged and subsequently deemed uninhabitable and demo'd by the city along with the solar panels. In addition, the lessee of record is deceased. Death certificate was already sent some time bac...
Chiara Poderi
12% interest Caveat loan
Hi Bigger Pockets network,
I found a last resource to purchase my new primary: a private lender that will give me the funds ASAP at 12 % interest and used my 3 homes as collateral. Two of those homes my husband and ...
Amran Musaid
Portfolio of 7 brrrr’s
Recently I came across a deal that will double the the size of my portfolio and will cash flow very nicely for me. I have equity in my current portfolio but my current portfolio loan has a prepayment penalty and don’t...