Paul C.
Deducting Origination Costs on Line of Credit
Does anyone know how you would deduct the costs of obtaining a line of credit? For example, let's say I get a line of credit and I pay the following fees:Attorney Fees: $500Origination Fees: $750Title Fees: $1,500Cou...
Account Closed
What do you think of this property?
I called a craigslist ad that I saw today for a duplex and here is the info on it.
It is being sold by a rehab investor so the entire property is rehabed. It is currently empty but one unit has only been empty a mon...
Jarrod Gregory
What does "off the markets" mean
A (agent/friend of the seller) I have been communicating with is requesting LOI & POF when I start asking specifics about his property. My question was why his rent roll didnt add up.He says he needs those forms ...
Joe Butcher
Seller finance on a free and clear??
I am just getting into wholesaling and have my first opportunity on a property that is owned free and clear.
I am going to make an offer on the property, and if they dont accept my cash offer I want to be abl...
Todd C.
"As is, as complete" Financing
Hey all--Looking to do my first BRRR deal, but 2 agents I've spoken with have suggested I look into leveraging my capital from the onset. They've recommended I do an "as is" loan for the purchase / rehab. Once the uni...
Jim Francis
Owner Finance Illinois
Need some wisdom from my fellow BP-ers. I have a property that would be a great Owner Finance.Is there anyone that can lead me in the right direction when it comes to this?From what I'm hearing I need to have a mortga...
Erick Castro
Cash out options? Who should I refinance with? HELP
Hello all. I’m relatively new to real estate investing.. I’m in the process of refinancing a house to get some cash out. I’m confused about who I should refinance with. Should I do it through a commercial bank where t...
Czarina Harris
2016 Predictions for the note industry?
What are some of your predictions for the note industry as we begin 2016?I am gathering up my thoughts about it, but wanted to see what the wider audience here on BP thinks.
Neil Aggarwal
Texas rule allowing use of a third party RMLO?
Hello:I am trying to find statutes that allow a lender to hire a third party RMLO and not be licensed themselves.I found a statement from HUD on it in this document:https://mortgage.nationwidelicensingsystem.org/SAFE/...
Account Closed
Owner Financing Question
Ok, a quick run down of the situation. Any feedback is great. My cousin rents a house from her husbands uncle and he is offering them to buy the house through owner financing. My first question is what are the pro's a...