Rami Latif
2nd mortgage foreclosure.
I was the highest bidder for second mortgage auction. What should I do with the first mortgage lender ( senior lien) that is going to foreclose at the property next month. How can I stop the foreclosure sale? I don't...
Corey Dutton
Why Are Borrowers Always Shopping For a Better Hard Money Loan?
I’d like to share a story about a frustrating experience that lenders in the private money space experience all the time.
We are a private/hard money lender and we get a ton of requests from real estate investors and...
Dustin Lyle
PMI for HML?
Deal complete! lol After working vigorously on closing that wholesale deal with the 8-plex I had under contract, I did it! My buyer came through and I netted 51k. That said.. I've placed 20k of that in an intrest bear...
Paul Winka
Foreclosing: How to handle current tenants before the auction?
As a lender, I have a delinquent borrower that won’t pay and I’ve begun the foreclosure process. I am prepared to make this my own rental property if the auction doesn’t work out like I want.
The house is occupied,...
Dimitri Savidis
Disclosing intentions while applying for FHA loan
I plan on acquiring my first property this year through an FHA loan. I’m eyeing multi-unit for monthly cash flow. I mean to treat this purely as an investment property and will bite the bullet of living in a property ...
Jordan Saiz
Promissary note contract for deed
I bought a home owner finance and have been thinking of selling it on contract for deed but not sure if it would work? I asked my “Lender” if I can sell it as wrap but they don’t want the transfer of ownership. Number...
Chris Seveney
What The Gurus Do Not Teach You In Note Investing - Part 2
Coming back for an encore, as I have stories, I have lots of stories - how is that the case? Because unlike other gurus out there, I am ACTUALLY buying loans. OMG can you imagine, I do not need to make up stories or b...
Nicholas Acosta
Hard Money and Private Money
If I'm using an LLC to purchase a property with a hard money loan, but I am borrowing money from a family member for the downpayment.. How would I receive that money from my family member? Would it go to my personal a...
David Fligor
Empty credit report on borrower?
I am dealing with something of a mystery and would love to get pointed in the right direction or told not to worry about it.I have placed a bid on a 2nd NPN on a single family house in Connecticut, which was accepted....
Terrance Brown
Contacting Trustees
I am looking for some wisdom on how to contact and communicate with trustees for foreclosures and pre foreclosures from the list I have aquired. Also, I saw quite a few with auction.com. What do I do with those?