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I made a loan to someone last year. They have always paid on time, but asked for an extension. I extended 3 months, but am not comfortable extending further.What are my options if they simply cannot pay the loan back ...
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Hi community,Need help I own a property that I completely remodeled into a 3 bedroom 2 bath that’s 90 % complete. I took out a remodel loan from ground floor. I have extended my loan with them but because of coronavir...
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I took out a 1 year hml on my second flip, thought the project would take 3 months to complete, instead it took 6 months and I will be listing the property for sale shortly.I am concerned as to what would happen if I ...
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Interest article. $30B in CMBS maturities coming due:By Craig M. Douglas and Corina Vanek – Phoenix Business Journal8 hours ago
The last time the U.S. economy was in crisis, terms such as “jingle mail” and “extend ...
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Hey there bigger pockets!Hope all is well! Just want to come on here and air out some of the challenges my team is facing and wondering what everyone else did when they ran into something like this. We currently have ...
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I bought a flip property in Houston, located in the 77063 zip code. Rehabbed it from the underground plumbing to the roof, everything is new. Had set backs from the City on get permits so I lost 6 months and the marke...
Hey BP, long time lurker and first time poster. I've always been able to find the answer I need without reaching out, until now!I'm under contract on a triplex "house hack" using the VA Rehab Loan . I am not going to ...
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I’ve been working on converting a single family to a multi using a construction loan. Lender has extended the loan twice already penalty free of any fees. Now we’re right at the finish line with about two months of wo...
In July of 2015 we bought a 26 unit self storage for $39,000. On land contract. We Put $5000 down. We currently owe around $26,000. The balloon payment comes due in July (2 yr loan). Now my question is How do I get a ...
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Have a bit of screwy situation.
I bought my current house using a business loan through my credit union.
I live in the house as my primary residence. Credit union isn't the most excited about it being my primary ...