So a borrower of a performing 2nd just submitted a 'Request for Mortgage Adjustment' to FCI and requested a short sale. All that was provided was a written summary of expenses, and the last 30 days of pay stubs. FCI h...

I will soon buy my first building, a 14 unit apartment.  US Bank has offered to loan me $300,000 more than my cost of the building.  The $300,000 is for capital expenditures.  Problem is, I don't know if I need that m...

Hi All!I'm in central Ohio. Looking for a little advice on the best way to pull around $200-300k of equity out of my rentals to purchase an 18 to 30 unit complex with a partner. I got into rentals about 7 years ago an...

I WILL be talking to a CPA about this but I would like to have an idea of what I’m looking for before going into the conversation.

Now that we got that out of the way, In a couple weeks, my business partner and I a...

Hello fellow REI’s! Why do Hard Money lenders require an LLC? I understand it protects them from other issues with the borrower like personal liabilities and other properties being tied together if one should fail. Is...

A little humor today.  These are the craziest questions I’ve ever been asked by borrowers5. ”It says you lend nationwide. Does that include all 50 states or just the 13 colonies?"

4. "Can I get a loan if I don't ha...

Hi everyone, I am looking to buy my first investment property, but I don't have enough money for a down payment.  I would love to hear about your experiences with borrowing money from either a friend or local investor...

This deal is for a income generating 4plex in a good area.  It is fully occupied and needs no work.  $340k was the accepted offer.  I am working with a few lenders but they all want 25% down.  I have the ability to bo...

I have found one answer in the search but not directly related to this. I'm interested in the idea of borrowing money from others. But from what I understand there was rules with in the SEC for this. I'm not sure if t...

I have a neighbor that wants to sell their place to me and I want to buy it. However, the current interest rates are killing my borrowing power.Given that we are mutually interested in coming to an agreement, besides ...