Dana George
Unable to contact borrower for DIL
We acquired a note in another state and have an address for the borrower but the loan servicer has not been able to find an agent willing to go to that address with DIL paperwork. The address appears to be very rur...
Steve Hiltabiddle
Cozy.co for borrower monthly LOAN payments
Hello, A question for private lenders, curious what you might use to facilitate monthly interest payments. I'm thinking since many favor Cozy.co for rent payments (as well as background/credit checks), could Cozy.co...
Account Closed
Borrowing to Partially Pay off Mortgage
I made the newbie mistake of locking into a 5 year mortgage - at 3% in mid 2019, and then the pandemic hit in early 2020 and now rates are rock bottom and I just keep staring with disgust at my mortgage prepayment pen...
Bob Daniels
Looking to borrow funds for investments
I want to borrow $200-250k and use my debt-free, leased dental office as collateral. A line of credit would be nice, but a straight loan with fair interest and terms could work. Do any of you have advice as to where...
Peter Halliday
Exit Strategies for Borrower in Bankrupcy
I’m wondering what the exit strategy is for a borrower on bankruptcy. I was reaching up to follow up with a seller I’d bought a note from. He asked me if I’d be open to a note in bankruptcy. I realized that I don’t ...
Eric Ngo
Borrowing against equity after cash purchase
I am looking to buy a rental property in cash from a wholesaler and then turn around to borrow the against the equity on it. How quickly and easily can this be done through conventional financing? Are there better s...
Andrew Yu
Can I Borrow The Down Payment
I'm curious. If I want to buy my 3rd house using a conventional loan, I know I will probably need 20% or 25% down. Can the down payment borrowed from someone?
David Ford
Borrowing equity to buy rental property
I have a lot of equity and want to get into the rental property game. Just focusing on getting one right now and doing a lot of research. Is it a good idea to borrow equity from house to do this. Equity isn’t do much ...
James H.
SD401k - sub-Borrower EIN Application Problems?
I wanted to ask in case someone else came across this. I setup an SD 401k (it is a trust setup through Sunwest Trust, as recommended by this forum), a 401k plan under an existing LLC with myself as the sole employee. ...
Tyler Powell
Max Borrowed Debt with Low Rates
Hey BP Members!I own one Condo here in San Diego, CA and looking to add more income generating assets. There is one thing that I have not gone thru and therefore don't understand how people are accomplishing "it".How ...