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I just closed on a purchase of several properties. In the closing documents the lender included a document called Shtar Isko. Below is a description of what that is. It has to do with Jewish law that prohibits chargin...
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Google the foreclosure implications of being a debt-holder in second position, and you'll find a bunch of articles explaining that if the house sells for less than what is owed, the person in second position gets scre...
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I loaned money out of my self directed IRA for an unsecured loan that the borrower did not pay by due date, which was yesterday, 2/1. I was the one who reached out to the borrow, and I did receive a response via text ...
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Hello,I have an investment property that we are looking at getting a Heloc on. I know that many banks don’t lend helocs on investment properties but there are some out there. Has anyone had any luck and if so where an...
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Dear Biggerpockets
Please your help and guidance. Financing is needed for an LLC whose owner and administration are from abroad, the entire purchase process will be done without traveling to the United States. The gu...
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When calculating taxes on a rental property, is the Net Operating Income taxed or is the cash flow taxed (rental income-operating expenses-mortgage payment)?I understand depreciation would offset some of the tax bill....
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This may seem like a naive/juvenile question to someone of experience, and I'm new so here it goes.
What positive/negative sides are there to having a lender who isn't local to the area I'm looking to purchase?Does i...
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Good Evening I am 2 years discharged from a chapter 7 BK. I want to refinance my primary residence and pull out some cash to invest. If I refinance and stay below the 80% LTV, do still I have to have PMI added to my l...
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Is there an industry standard for serving a notice on a "non-monetary default" in a hard money loan? A private hard money lender and I have agreed to business terms on a loan, and our attorneys are on opposite sides w...
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Hi I purchased my primary residence in 2016. I needed an FHA loan. I am in the process of refinancing to go into a conventional loan prior to starting RE Investing. My questions are: In California can you purchase...