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I have a question about using my LLC to originate a loan that my SDIRA will fund. I will not be lending to myself but to qualified party so as not to create a prohibited transaction.
My question is, since my LLC is...
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New tenant thought there was black mold on the rubber seal of a front loading washer. I posted about it here. I never got any mold with bleach and a paper towel or scouring pad, completely white, no signs of mold. The...
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HelloI am looking at getting a few properties through a turnkey provider and the lender has quoted me (new invester) 9% for a year interest only position and 1% for the origination fee. Does that sound reasonable?
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Here's the scenario: A private lender is seeking a mortgage company to handle loan origination for his loans. The private lender has his own list of lendee's, so the ONLY activity the mortgage company handles is the ...
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I see it all over the forum where members refer to something said by another member, and it says "Originally Posted By...". I've searched the FAQs, the tutorials, and I cannot find out out to cite other members' posts...
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such as to refinance a 2 family rental?
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Hi BP! My name is Yuji and i currently reside in Torrance, CA. I came here last year from Tokyo, Japan. Like lots of other folks in BP, I started educating myself about personal finance and FIRE an year ago. I really ...
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I've been offered to purchase an owner occupied first position mortgage note on a home in Florida, originated in 2016 at 6% with a 30 year amortization but a balloon due in 2 years in 2018. Borrower has defaulted on t...
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Alright, so I have a house valued at about $60k. The amount owed on the home is over 50k. We'd like to sell the property quicker than the average 150 days on the market in our area without selling at a discount. Havin...
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First of all, I believe Lonnie Scruggs, was a great man who, while he did charge for his knowledge, made a whole lot of people a whole lot of money. I would never try to take that away from him.
Second, throu...