Nicholas Weckstein
I’m stuck at my current position
This post is me blowing off steam or seeing if I’m missing anything. I currently own a Triplex with an 85k note left on it.
I profit roughly $750 a month plus whatever the mortgage pay down is. I’m not complaining. ...
Lupe Santiago
Licenses to do Hard Money Lending - California
Hello,
I'm doing some research into starting a hard money lending business in California. The loans would be first trust deeds on non-owner occupied residential property (lending to RE investors) and the business en...
Henderson Silva
First loan app but no funds
so i implied for my first loan. It looks like i would be approved for a 170 thousand loan, but i need to have the 6000 in funds for a down payment. I dont have it and they won't accept friend's gift, it has to be a fa...
Ryan Moore
CD vs Savings, comparing the rates
On Ally, their savings accounts are 1.75% right now. I was looking at their other products... why would anyone even consider a money market at 0.9%-1.0% and CDs that are <1.75%? Is there something I'm missing abo...
John Kim
How do you keep buying rental property when you run out of down payment money
So my problem is that I have enough money for a down payment for 1 more rental property.Once that is gone, I have no more money for any more down payments.I work a full time w2 job so i can't spend the time to flip a ...
Bethany Davis
DoHardMoney.com user review?
Has anyone here used DoHardMoney.com as a hard money lender? They're listed in the directory here on BP but I wanted to see if anyone who has used them could share their experiences with them. Thanks!
Jeff Blankenship
Should I sell for loss, or Refinance rental
I purchase a new property in 2007 for $186,000 to be used as a rental property from day 1. The property was initial rented for $1300. Hindsight is 20/20 and not good investment, but I'm trying to figure best way to...
Katharine Chartrand
How do I serve the Bank of America
I had a purchase contract with the Bank of America on a house. They "cancelled" the purchase contract and told me I am not getting my deposit back. They are not in a strong position legally, but they will likely be ...
Courtney M.
WHAT THE HECK? Fannie Mae being shady?
Hey guys! I am in the process of getting an REO under contract through Fannie Mae, and LAST MINUTE they sent me this bogus Real Estate Purchase Addendum that TOTALLY negates the terms in our agreed upon offer.....My a...
Jon Carter
Help!! My Wife Only Gave Me $10K
So here's my challenge. I want to start investing in RE but my wife isn't so thrilled. She says I can have $10K to start out with. If I can make some money using that she says I can have more. (Guess who pays the ...