Donald Pierson
Financing for 9 Months Using Investment Property as Collateral
TLDR: Fix & Flip (see BP report link View report). $725k (single family home; on MLS @ 1mil). I need $210 for closing. I’m using $100k of my own cash toward the total closing costs of $210k. For the remaining...
Account Closed
Interest-only LOC from my relative. Secured against collateral??
My broker is telling me that if I get a loan from my grandfather for a down payment, that it has to be secured against real collateral! I saw somebody on here saying that you wouldn't want to do that. What is the truth?
Raymond Ebbeler
Gold Used as Collateral to Finance Real Estate Investments
Hello everyone I perused the BP community in the forums section to determine if gold as hard assets (with the ability for liquidation) would have application as collateral for doing a real estate deal. I am a collecto...
Eduardo Magana
Getting Loan with Property as collateral with bad credit?
Here is my situation my parents own a rental propertythat we recently became partners with. The problem is we became verbal partners since they aremy parents. Obviously I didn't think this thru. The rental has been ow...
Adam Kecskes
Lien vs Deed of Trust as Collateral in Texas
I'm looking to have a sump pump installed for a drainage problem with a property I have in Texas; they offered to split the bill; half up front, half on a 12 month, zero interest loan. It's not a lot of money per se, ...
Jorge Guadian
How to buy next property using property as collateral
I would like to hear from experienced investors or people that have used there collateral to leverage there money on investment properties. I have four duplexes two of them are paid off those two are bring in $2925...
Bryan Hancock
Hypothecation Loans - Who Are Common Lenders?
If one wishes to carry back paper on an asset they own free and clear and later pledge the loan receivables as collateral for a new loan who would they normally contact to loan this money? What sorts of terms are gen...
Scott Kimberly
10 Years to a Note Business
What would you do if you had 10 years and under $20,000 to build a Note Business that would net $5k to $10k a month?I am asking for myself, just so we are upfront with that. I also imagine that @Scott Carson will be m...
Myla D.
Need funding for investment property purchase as downpayment
Hi. Is there any creative way of getting funds asap using my house as collateral? Personal or business loan.
I've tried HELOC & cashout refi but knowing all the current rates now, fees and required interest &...
Craig Hordlow
Can You Unravel this Mortgage Fraud Scheme?
A few years ago I sold a commercial property to a buyer, and I'm one of eight plaintiffs currently suing him for fraud. He's currently being prosecuted by the DOJ for bank fraud too.I'm leaving out contextual details ...