S Cutsail
States Required to hold NMLS to originate REI Loan
I have not yet been able to get a definitive answer as to what states require a Commercial Broker to carry a broker license to get funding private or hard money for non owner occupied real estate investment properties...
Royal Bel
how to prevent original owner from meeting your tenant
I have a friend who has just started in real estate and he managed to rent a house then lease it to another and make profit from it. However, due to some unseen circumstances the first owner contacted his tenant and n...
Natalie Schanne
Pitfalls? Avoiding Transfer Tax -Flipping WITH the original owner
What are the pitfalls to having a contract with an owner to "flip" his property while he still owns it 100%? Does anyone do this successfully to pocket more money and/or utilize owner "private financing"?For example: ...
Dibyendu Mukherjee
Need some information related to Loan Origination from Lenders
Hello,I am working on a project for which I wanted to get some information about the Loan Origination process. If you have experience using any of the tech platforms like Blend, Floify then thats a plus, if not that's...
Account Closed
Seller financing: Mortgage Loan Originator Rec in So Cal?
Hi.I am selling a mobile home with seller financing. I am looking for an Mortgage Loan Originator who is versed with seller financing in the LA area? The mobile home is in Lancaster.I would love any recommendations? ...
Spenser Harvel
Made my investor client 300k more than original ask!
I know that everyone is saying that the market is slowing down, and it is. However, there are still opportunities to cash out your investment properties and make top dollar. I am an investor-friendly realtor in Charle...
Account Closed
Using a licensed MLO to originate seller financing loans
There have been several threads here on BP lately about the legality issues when seller financing to consumers. New, apparently stricter federal regs are in place to start 1/2014.
I've posted before that I've been...
Andrew Nechayev
Does mortgage balance on original property matter for taxes?
Hello,I was wondering if using part of proceeds from sale of original property to payoff mortgage on that property can be accounted for on form 8824? Say you sell investment property A for 100,000 and you have 20,000 ...
Bin Liu
Basement rentals, original renters want to add another adult
Hello All,
Need some advice on my particular renter situation. Currently renting my basement out to a single mother and her child since last March, original rent was $1575 (all utilities) and I saw her situation at ...
Eric Fortin
Advice for originating non-income loan using home as collateral
Looking for advice on how to obtain a secured (using property) non-income verification type loan for the purposes of renovating a non owner-occupied second home that is owned outright in order to to turn it into a sho...