Richard Gaston
Relearning how to walk
In the late 90's I have done this before. My experience on that is I did a Common Mortgage at 70% LTV ARM NoDoc Loan and the Investor I bought it from carryed back a 2nd mortgage which resulted 100% Financing, all ...
Account Closed
Mobile Home Leads Wants Title Loan- Does not want to sell MH
We have a lead that is looking for a Title Loan against his 2009 double wide mobile home he owns. He does not want to sell it. He owns a lot for a single wide mobile home, but needs a larger one to fit the double wi...
Tyson Hosey
Creative Finance Question for WholeSalers
Wholesalers. You're used to doing a short term deal for a decent return on your time and leg-work. I have a hypothetical scenario that would go into the category of creative finance.Buy and hold property for sale off ...
William Casey III
Option contracts and buying Money Making Real Estate? When to use private money to get your deal closed.
In my practice we have had a couple recent deals that involved Option Contracts so I wanted to share some different ways to work with a potential client that is involved in a Lease with Option to Purchase Contract. Mo...
Ramsey Howard
Private Money / Bank Financing
Can someone give some advice on how using private money for a down-payment combined with Bank financing for the rest may work. Advice on doing this in general or strategies to make it easier on the banking side of thi...
Val Gil
How to purchase first rental w/out credit
Hello,
I'm wondering if anyone has ideas for how to begin investing, specifically purchasing my first investment rental property (duplex / fourplex) when i just went through a divorce and have bad credit. Ive paid of...
Ray Hayward
Refinancing Hard Money
I am curious to know, is it possible to refinance debt owned to a hard money lender with a bank mortgage as long as the equity LTV is 30%+?I am looking at a property that will require some environmental clean up befor...
Jonathon Garcia
Owning multiple rentals
This may seem like a dumb question, but I am a newbie. I currently own a home that I originally purchased for 30K. I invested another 20K in repairs. In order to pay off the debt, I took out an equity loan on the home...
Chris LaFrance
Loan guarantee fee?
Anyone out there have insights into a fee (or other incentive stucture) that would be reasonable to charge to a partnership for personally guaranteeing a loan on a property being purchased by the partnership? Similar...
Michele Jefferson
KEEPING EXISTING LOAN
Hi, I need some clarification on a unique situation. I have a deal whereby the Buyer wants the Seller to carry back 50% of the loan in the second position. The first position is a Private Money (50%) to the Seller ...