I’m looking to educate myself on working with a money raiser, from a sponsor’s perspective. How are these arrangements typically structured and what are some good educational resources?
I bought a house for $300K in cash 6 months ago that I want to use as a vacation house. My domestic partner gave me $60K as a "gift" and I am adding him to the title. I want to get a 30-year mortgage now and pull my c...
Hi everyone, I'm trying to get a better understanding of the mortgage system and all the players in it. To my understanding, a lender issues a mortgage to a homebuyer. They give the buyer a sum of money and receive a ...
Private money or hard money loans are loans secured by real estate that are often funded by private parties and are typically offered at higher interest rates than those offered by an FDIC-insured bank. A traditional...
Any underwriters, or loan officers or attorneys that can chime in?Please help - need some expert advice. I am three months in to looking at properties, finding one, negotiating the deal, getting under contract, cleari...
My wife and I are about to close on our first property a 2 family in NYC and I'm already thinking as to how to get the next house. We have a family member that can loan us money at less than 3% the problem is that the...
Hi Team,I searched several keywords across BP and couldn't find an answer to these questions.I have several friends and family members who want to invest along with me as an LP in Syndication Deals.1) How should I str...
Let's say an investor is buying a 4 plex for 150k putting 25% down and needs to have 20k in liquid reserves per the bank, if you were short say 10k, can you borrow 10k for the remaining or is that not allowed? I know ...
For the first time, I have found an investor willing to help fund my next deal. I am so excited! However, I have no idea how to properly borrow these funds, and I want it to work out great for both parties.
Here is ...
Introduction
When it comes to home renovations, the financial aspect can often be the most challenging hurdle. In my quest to find a solution for my own home improvement project, I stumbled upon Fannie Mae's HomeStyl...