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Top 10 Ways to Avoid Loan Fraud
:protest: Every year, misinformed homebuyers, often first-time purchasers or seniors, become victims of predatory lending or loan fraud. Below you'll find the top ten ways to avoid becoming a victim yourself.
1. T...
Steven Parks
SD IRA legality issue
My friend and I both rolled our 401 K’s into SD IRAs. To get the cash out of these IRAs, can he loan me his IRA and I loan him mine and then cash them out, due to the fact we aren’t prohibited members?
Karl Johnson
Can I legally assign a lease option here in VA??
@Brian GibbonsHey, I'm fairly new to this online community but I was just wondering if I can legally Assign a lease option agreement for 3-5% of the purchase price to a tenant buyer? I currently live in Virginia and I...
Tom Price
Good Property Management in Desert Hot Springs Ca.
I have 5 SFR's in Desert Hot Springs. I have been with the same property management company for over 20 years. But I think it is time to move on to a more up to the times PM company. Any one have any suggestions for a...
Sue Chen
Do I need to present if I hire lawyer to evict tenant?
I might need to evict my tenant for non-payment, I have never done an eviction before, I've heard that it's not hard to DIY, but unfortunately i have made travel plan where i will be out of town for few weeks. Questio...
Giora Sela
Deal analysis - 5 unit $670k C class in Carolina Beach, NC
Only have experience with Single family and would really appreciate anyone who can share their input!Build in 1983, 5 unit 2nd row from the beach rented on a long term basis. Rents - 3br $1250, 2br $850, 1br $750, $67...
Vince May
Note payment amount doesn't match with what I calculated
Hi,I'm new to investing in notes and found a note on FCIexchange and was trying to understand why the payment amount differs from what I calculated the monthly payment should be using the PMT equation. Based on the or...
Andres M.
No loan under 100k because of safe harbor guidelines? Need advice
I called a conventional lender to get pre-approved for a loan for an investment property (in OH). The asking price for the property I had in mind was $70k with a 25% down payment of $17,500 which means the loan amoun...
Haley M.
Seller financing for family members
Hi everyone - we've owned a property for the past 10 years that we rent to family members. We charge them less than the mortgage, but with the tax benefits we end up breaking about even every year, so it's not an asse...
Jasmine Cotes
Advise on Hard Money Financing in Northern NJ
Hello,I will be investing in multi families in northern New Jersey and predominantly buying and holding. I will be doing my first few deals through hard money and plan on doing the BRRR strategy. I already have an FHA...