Jessica Parker
"Share Your Credit"
Hey fellow BP'ers! So I just stumbled upon this website (shareyourcredit.com) and I'm wondering if anybody here has had any experience with it? I'm debating giving it a try, but I'm pretty leary still and would love...
Bill Gulley
Private Lending Mistakes
For you "private lenders" what mistakes have you made? I'm wondering if private lenders are 1. willing to disclose mistakes and 2. what they did to correct it, if they did at all.
I just read about private lending, t...
Gabby McNabb
How to fund my rehab project
So im currently in the market to purchase my first rental property. Initially I planned to purchase a multifamily home through FHA 203K to rehab home and build equity in home while providing low downpayment of 3.5%Now...
Greg K.
Very strange Short Pay/Sale clause in banks agreement
Has anyone ever seen such a clause in a contract(approval letter with terms) for a hardship based Short Pay, or even for a Short Sale?)"Dear Customer(s):Select Portfolio Servicing, Inc. (SPS), the mortgage servicer on...
Brian Diez
"Operation Clean Sweep"
I'm new to this forum, but hope to add value since my area of expertise (credit repair) benefits real estate investors and seems to be neglected in this community.
On October 23rd, the Federal...
Michael Jones
Watch out for Private Lender Scam
Scam email back and forth From Carla Morrison (Scam):Good day. I'm a private lender I offer general financial services including real estate loans, various purchase funding, personal loans and business startups loans....
David Roberts
Title Problem Discovered During HELOC Application
This is AWESOME! You guys are going to love this.I applied at Bank of America (mistake 1) for a HELOC. I liked the option of interest only and a 10 year draw, etc. It makes for a cheap ability to keep money moving ...
Jay Hinrichs
Here is a PRIME example of those trolling internet and BP
For the education of the BP audience I responded to one of these two good to be true lenders that is trolling BP Facebook and many other sites. here is the reponse I got."Thank you for your interest. I assist real e...
Jeff Rabinowitz
Personal note and SD IRA note on same project.
My wife and I have written a personal note (made a loan) on a real estate project. This project is going to require more funding to complete. I am considering providing a second loan, from my self-directed IRA (or ...
Mikael Lickteig
bank won't let me transfer to LLC
The bank holding my mortgage has informed me that they have made a business decision to not allow properties to be transferred to LLC's. I have gone back and forth wether or not an LLC is needed, but after doing some ...