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So we bought a house several months back and we are in the process of rehabbing it now. The previous owner had purchased solar panels almost 7 years ago and stopped making payments on them about a month or two in. Thi...
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So let's say I have $X to lend. I've been happily lending it out at 10% with no points. (And no, I'm not looking for new borrowers at this time.)If a friend has his own lending business, where he is lending at 12% + 4...
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while the seller can offer financing... what to do?
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I have a client who is in need of a personal loan (under 15K). The funds will be used for cosmetic home improvements as we list and sell the property. My client intends to pay off the principal, interest, fees... all ...
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Hello,
Does anyone have a template for a contract between a private lender and a real estate investor? Something that settles agreed upon lending rates, payment schedule and default follow up options.
Any thoughts wou...
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Ten yrs ago I was in financial ruin and filed bankruptcy and I lost two rentals in the bankruptcy. It took me a decade to claw myself back but I now have a good job, rebuilt my credit, and also managed to keep my pri...
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Need help/advice.I found a good deal with a tenant already living in the SFH. I want to BRRRR it(maybe holding off on repairs) but have hit some road blocks. I have the deal under contract now and am starting to talk ...
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I'm calculating costs on a potential deal and got a loan estimate from a conventional lender. It seems the buying costs are way excessive to me. What do you think?loan amount: 80000Origination charges:3pct points: 2...
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Has anybody taken out a personal line of credit with a bank? I read interest rates are variable and can fluctuate from 9-15 percent. Thoughts?
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I'm running into a snag on a purchase we are working on.Background: We are doing a 1031 exchange. Two LTR townhomes into a larger active STR. COE 7/9 and 7/15 on sales. $320k net combined proceeds; $250k mortgage payo...