Andrew Nesbitt
How are 2nd mortgages priced?
For example. Lets say you have a $100k house with a $90k first and a $10k 2nd mortgage. Borrower has an 800 FICO. The 2nd is at 10% interest only, balloon in 5 years. How much would a fresh note like that be wort...
Brian Braunhuber
Want a HELOC what is the best Bank?
Hi all, I wanted to get a HELOC on my rental and wanted to get some recommendations for banks to use. The rental is in the Portland, OR metro area but I live in the Austin, TX metro now. Should I get a local lender in...
Maurice Caulk
Renovation money
Hello, I'm actively look for my first rental property now and I've noticed that most of the houses I go to needs a little TLC. My question is, what's the best way to come up with renovation funds (ex. the money to fix...
James Byrd
Newb - How do Banks treat HML when doing a Re-Fi?
Thanks in advance. I have zero financial background, and I’m trying to wrap my cranium around the finance part of BRRRR.
Bottom Line Up Front (BLUF): if I use a personal friend to loan me money to buy my first prope...
Darryl Binkley
Lender Credibility (Global Private Investment LLC)
I am a new REI and seem to be struggling getting that first deal done. Hard money is easier to get but this seem like a great opportunity for me to take advantage of. Has anyone used Global Private Investment LLC, Dav...
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...
Aaron Akins
Giving Personal Loans?
Does anyone have experience providing personal loans to individuals with the intent of both helping out an acquaintance and making a return due to charging interest?In 'Rich Dad, Poor Dad', Kiyosaki mentions giving sh...
Pat Lowry
Newbie investor interested in notes
I am in process of setting up a self directed real estate IRA. I am very interested in note investing. Anyone have thoughts on how to begin the process? I have a good financial background but new at real estate.
Th...
Tom Nagy
Stay away from RAD Diversified
This company is a complete real estate and investment ponzi scheme. Run by Dutch Mendenhall and Amy Vaughn, they solicit hard money loans (which they do not pay back) and joint venture real estate deals which they al...
Larry Bowers
Lending money for use at auction -- how to protect interests?
I am in Missouri, and have been approached by an experienced investor / flipper to borrow money for one of his projects that he will be at a foreclosure auction. My question has to deal with how to protect my interes...