Chris Seveney
Getting A Deed In Lieu at closing to store away
There are gurus out there who will tell you when seller financing to have the borrower sign a deed in lieu at closing so if they stop paying you can just record the deed in lieu. Every attorney I have ever talked to h...
Jim Belcher
Shortfall Guarantee Investment
Hey guys...I'm new in here. I have been asked to become part of a group of developers who develop on a large scale basis ($500MM +). My job, according to them, is to find investors who want to invest in a "shortfall...
Luis Arellano
Line of credit for downpayment?
I'm in the process of buying my first duplex, and the downpayment will be around 100k and I do have the cash.However, I don't want to lose liquidity because I plan on keep buying real estate. I've been considering ope...
Collin Kautz
When to move on? NPN investing
I have a NPN and I wanted to know when is the right time to move on? Under what circumstances do you as an investor say, "Well my options are exhausted and this not is not worth any more of my time and money?" I kno...
Dee Xixi
Same day loan as your down payment
Hi All,
I am looking for ideas to come up with a down payment. Same day loans come in mind but I wonder if anyone here ever try and the prons and the cons.
the scenario, I am buying a multifamily property, I find a ha...
Tek Chai
What options a junior lender has when property got foreclosed?
After listening to a BiggerPocket Podcast #---, I've decided to do business with this Seattle's real estate investor/podcast guest, as a 2nd position private lender. He suggested if I'd want to consider as a JV pa...
Stephen McCracken
Cashout Refi on Relative's House to House Flip & Tax Ramification
Hey Guys,Just got off the phone with my CPA (out in California)... relocated to Denver a few months ago.I recently refinanced a retired relative's home (I was named co-borrower hence now on Title as joint tenant)My qu...
Account Closed
SHOULD I ASK FOR SELLER CONCESSIONS OR DISCOUNT OFF SALES PRICE?
..."the inspection came back okay, but there's about 10k of cosmetic stuff that needs to be fixed and the seller is willing pay for." STOP and listen to good advice!As a Florida Mortgage Broker, I see so many borrower...
Michael M.
If you could. Who would you mentor?
Personally, I think the smartest person in the room, is the notes investor. Why? Deals need money, money needs security, and security needs yield. Within the activity of real estate for the purposes of ROI I would muc...
Suzie Wheeler
My Credit
Should I clean up my credit before I even think about being a real estate investor?