Joel Adams
Providing a Building Loan to an Unrelated Party from a SDIRA
I originally posted this in the Lending forum, but after reviewing, I believe it is more appropriate in this space.I own a bare parcel of commercial property in Montana that is unencumbered. I have a buyer that would ...
David Green
Seller Financing 2nd vs Dropping Price (did not appraise)
I am selling a condo and the appraisal came in $8000 short. My realtor was suggesting that we drop the price to the appraised value, but I feel like that is leaving money on the table.I am considering offering seller...
Taras Kokhman
Seller finance + Hard money
Hey everyone! If the seller willing to finance 60% of the cost, can I finance 40% with hard money? Thank you
Rose San Filippo
Self Directed IRA
Hello! I am slowing funding my Self Directed IRA, and have a small amount of cash available. Has anyone experience Peer Lending? Might this be a good way to get that cash to work?
Jason Miller
Borrowed Funds for Down Payment...
There seem to be hundreds of creative ways to get into an investment property, but I have a question for lenders about using mostly borrowed money for the down payment. Is this really possible? Let's say I've only g...
Jesse Schultz
Templates for private lending contracts
Hello,
Does anyone have a template for a contract between a private lender and a real estate investor? Something that settles agreed upon lending rates, payment schedule and default follow up options.
Any thoughts wou...
Chinmay J.
LOC underwriting
What is involved in LOC underwriting? Is it as intense and detailed as actual mortgage. Last investor mortgage I had the underwriting went on for about 6 days.. (4 business days) I am getting personal loan from anot...
Account Closed
Wells Fargo Abruptly Closes Lines of Credit - The End Is Near
When banks start restricting credit, they are not confident about people's ability to repay. That means the use of Lines of Credit, HELOCS and other lending for real estate investing will dry up too.
Wells Unexpected...
Arthur Mayer
Purchased a note with no pay history
Hey fellow investors,I recently purchased a note from the FCI Exchange, but come to find out there is no pay history, and FCI Services will not service a NPN without a pay history. I attempted contact the previous not...
Jordan Mummau
LOC Crushes Credit Score... Other Options?
BP Community,
Looking for some help on this topic. I'm currently winding down a flip that I have $100K+ into holding on a personal line. I just went under contract on a Duplex (Cash Buy) and scheduled to close by end...