My wife and I bought our first condo in our own names. We recently sold that condo to 1031 exchange. We had bought the condo with a conventional mortgage in our individual names. For 1031 exchange, we can't close the ...
To get money from a hard money or short term lender do you need an LLC formed? I have looked at some through bigger pockets like LendingOne, I believe it was called, and they ask for business information.
Hello,What is the legality for someone to become a private money broker.. Is that something that can even be done ?In my eyes what does that mean; 1; It is an individual or an LLC that has established relationships wi...
Thanks to BP community. Bunch of knowledge out there which we could lean on espcially from overseas. Would apprciate if some of the lending gurus / specialists could guide me on my below scenario
Overseas investor ...
I know the difference between private and hard money, but when I go to search lenders, a lot of them advertise as “private/hard money loans available” or something like that. I’m interpreting it as they consider it th...
Hi I am looking to do a cash out refi on 6 properties, can anyone tell me if I can put them all under one loan or do I need to keep individual mortgages on them.Any help would be great and thanks for you helpRyan
Nothing, in my opinion. They are largely the same, equally give short-term loans to real estate investors at higher interest rates than banks and other institutional lenders.
There are several opinions concerning th...
What’s going on everyone?I am currently seeking some answers or advice on how to go about refinancing my portfolio.Is there anyway to go the commercial route and have the portfolio valued by the income approach? I’ve ...
Nothing, in my opinion. They are largely the same, equally give short-term loans to real estate investors at higher interest rates than banks and other institutional lenders.
There are several opinions concerning the...
What are the Pro & Cons with dealing with hard money lenders ?