Andy Cross
Removing "Closing Extension" Clause from Purchase Agreements
Hey gang...quick question.I've got a contract out with a seller, and she is kind of "balking" at the notion of a 30 day extension if we cannot close on the date stated on the contract. She wants me to take it out all ...
Jonathan Blum
My first deal... stumbled onto private money by accident!
The story of my first purchase is a favorite that I've been wanting to share for a long time. I now own more than 20 units and have been working on REI for 10 years, but this one deal got me started and showed me a w...
Serge S.
Big money can’t deploy while band camp syndicators doing deals
Interesting article in WSJ. Big money having no issues raising money but can’t find assets that meet return goals. Meanwhile syndicators are coming out of band camp with the knowledge to buy 200 unit’s at a time. Real...
Bret Doman
Hard Money is called that for a reason
Hard Money is called that for a reason. It may be easy to borrow, but it is hard to pay back. I hear “speakers” talk about borrowing Private or Hard Money to finance a deal and not to worry because “the property stand...
Account Closed
How to deal with an uncooperative Listing Agent?
I have a borrower (self-employed) who is purchasing a 640k property in Orlando area who has had to clear up unexpected conditions in order to obtain a loan commitment, but he has done what was needed and we're back on...
A.R. Coningsby
Private Money Terms for Purchase of Property under contract
I recently found an off market SFH that I have under contract. I will be needing private money for the deal which i can secure via family member and they would like to be 50/50 partners. I however, am looking for some...
Bruce Silverman
Things to Remember When Shopping For Hard Money Lenders
NOT ALL HARD MONEY LENDERS ARE ALIKE! That is the first thing to remember when starting to shop for a lender. That’s right; you have to shop for a lender just like you shop for the right house. Some lenders may seem a...
Andy Gurczak
Financing for a Duplex in Northwest Indiana
First time posting on BB :) My wife and I currently own two duplexes in Northwest Indiana. We are putting an offer on a REO duplex close by our other two duplexes. I own two businesses and I hired a bookkeeper to work...
Ken Higgins
SEC and California state law when soliciting private money investors
Hi,
I am wondering what the SEC and California state laws are regarding soliciting private money lenders for real estate investments - what disclosures, guidelines, etc need to be followed?
Thanks for any feedback...
Val C.
Refi problem not bankable
Hi I’m Val, investor out in LA. I have two hard money loans that expire this year October 1,2021I am not to bankable right now. Looking for some advice on what to do to get out of these two hard money loans. ( how to...