Sarah Pratt
Almost a month past original closing date -should i consult atty?
I will try and make this as brief as possible but I need some advice. You all have been very helpful in the past and I'm hoping you can help me again.I am selling my pre-owned mobile home on 1.5 acres in the DFW area...
Shawn Thomas
Hard Money Loan —> Convention Loan
You need to fund the final 20% need to acquire the property. You decide to go with a Hard Money lender with high interest costs but your plan is to refinance the HML into a conventional loan after maybe 6 months of se...
Jarred Marrow
Investors, Agents- looking to purchase first property
Hello all, I am currently interested in finally pulling the trigger and getting into my first property towards my RE portfolio. There are a few questions I have as my income isn't high and I know it might be hard to g...
Gerardo Waisbaum
Bank Loan Quotes: Closing the Deal Challenges
Hi fellow investors,
I recently listened to a thought-provoking On The Market podcast episode featuring Ben Miller from Fundrise, who raised an interesting concern. He mentioned that while many banks provide loan quo...
Noah Lomax
Title Company Requirments in Chicago for a Selling a Flip
Hey BP'ers,My partner and I are selling our first Flip in Chicago. We used a Fix/Flip loan to finance. The requirements to do so included in-person inspections before each draw, and a lien release after the final draw...
Steve Moore
I have two good faith estimates. Which Loan is better?
I own the property and am going to cash out. I purchased a duplex with a line of credit on my home and will use the money to pay off line of credit. I have two banks (both local) that have given me a good faith estima...
Marc Velasco
Change cash purchase to mortgage purchase
My wife and I live in California, but plan to retire in Florida within the next 10 years. We’ve created an LLC to use for our real estate investments. Finally, after 2 years of research and making offers, we decided o...
Dan Dyke
Hard money loan on as part of a residential real estate deal
I have an opportunity to invest $190k in a residental real estate deal that involves buying 5 lots, developing them and selling them. It would work like this.... In month 1, I provide $95k to purchase residential lot ...
Michael Win
Deferred maintenance and blocking my conventional loan
I have a home under contract. The Sale price is 15K under the Appraised value. My finances, income, credit history are all in order without issues for best rates. Typical 20% down.The loan is in the final stages and r...
Daniel Hartz
Feeling lost- Business Line of Credit for LLC w/ 4 years of rental history
I'm looking for a source for a business line of credit: I have fair (560-640) credit, but also quite a bit of equity and rental income history across two properties. So I've been slowly working the rehab on an investm...