Chad Ullrich
Co-Borrower Daughter first homeon Duplex Hack
My daughter just out of college and now working full time at the family business(Automotive collision repair) has found a Duplex she wants to house hack, being her first home purchase. We’re under contract for little ...
George Dale
Documentation when borrowing private money from family
What documentation do I need to consider when borrowing long term private money from family (30 year amort/10 year balloon)? I am working with a close family member on a loan. There were be no lien's on the property...
Joseph Davis
Borrowing against Pension plan and Roth IRA
So I am a newbie to real estate. I have no properties yet. Wanted to get into flipping and/or buy and holds. Anyway, I really don't have a lot of capital saved up at this time but I have heard about borrowing money ag...
Andrew Fielder
Effectiveness of Direct Mail to Defaulting Borrowers
Was looking into some of the direct mail posts and it seems a lot of people are targeting absentee owners or probate.Does anyone target borrowers who have been given a notice of default? I have access to a data base w...
Bob Malecki
Loan mod for borrower who quitclaimed property
We have a NPL on a SFR property in Illinois with a foreclosure sale date next month. Borrowers finally came to the table for a loan mod earlier this month (they have been disputing the debt for a few years). They subm...
Nicholas Hodgkin
Property Owners! How do you structure borrowing?
We are wanting to partner with an investor on a hotel. Price is about 600k. Thinking about offer 8% for 10 years with the option to buyout in 5 years. What structures have you used?
Zach Dermer
Borrow from a 401K for BRRRR investing?
Looking to get some insight as I look to begin investing in real estate.
Should I borrow money from my 401K to be able to pay my first rental in cash? Would use partial cash and partial 401k funds. The plan would be ...
Tia Redford
$22k newbie not wanting to borrow money
I have about $22k and I don't want to use a lender. Should I try to invest now or wait till I can save more? Where should I look for deals?- in Bexar Co. TX
Joo Park
How much will bank let me borrow?
My rental property is a main home (3 bed 2 bath) and an adu (studio of 353 sq. feet). Combined rent collected is $5300. I'm wondering how much I can borrow from bank on this rental property? I believe this home is ...
Steven Line
If a borrower fails a draw inspection...
Hi - I'm a hard money lender. I've done about 60 deals and all went well instead for one back in 2013. On that deal I showed up for a draw inspection and they hadn't done much work. I had already forwarded the draw ba...