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I've got an owner financing agreement with a 5 year balloon but I wanted to put in verbiage to have an optional extension for 3-years per buyer's discretion? Is this something that I can put in the 'additional instruc...
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Hi all,Need some advice. I am currently under contract for a property in the Atlanta area and was going to go through the conventional route. Only problem was that the appraisal came in "subject to" repairs that will ...
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I am an EXTREME newbie. I accidentally stumbled into real estate and have a rental. I am doing my taxes (just using turbo tax) and have run into the section about QBI. I qualify but "the business income of -$584 nee...
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After researching VestRight and Cody Bjugan extensively, including other threads on this forum, his course/strategy sounds difficult but realistic and lucrative. I'm thinking about buying in.Would love to talk to anyo...
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Listed a finished project and received 4 contacts on the house in the first 2 days. 3 were FHA and one was conventional financing. I was reluctant to go with any of the FHA due to their appraisals tending to come in ...
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Tax season may be a few months away still, but what should you expect if you're a first-time limited partner?
What to Expect: Equity Investors
As an equity investor, you will receive a K-1 from your op...
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Hello, My partner and I have a property and we are coming to the end of of our expiration of 6 months. The property is already listed and on the market but might not make it to the closing table I know it’s not common...
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Has anyone done an extension on an open ended loan? I am familiar with the concept, but not so much with the nuts and bolts of how to get it done. I believe there needs to be a new note and security instrument. Not...
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Hi,I did a private lending, term was 1 year. there was a clause that borrowed can extend loan (if lender is ready) for 2 times, each time for 3 months. but borrower has to pay 1 point for each extension(3months). so e...
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Hey BP Private and Hard Money Lenders
I’m curious what penalties you typically include or consider including when lending to flippers/rehabbers on shorter term loans, and what you might charge when applying the penal...