Wendy Busa
Becoming a private money lender vetting borrower
I am a new investor that is a member of the local REIA. One of the investors is looking to find a hard money lender. I am interested in becoming a hard money lender but I do know the best way to vet the borrower. What...
Chris Seveney
Note Investing Deal - Working With The Borrower!!
One of the great advantages of investing in notes over traditional real estate is the house does not have to be the prettiest to generate great revenue.
This 2 bed 2 bath 1300 square foot home in Indiana was worth $1...
Kristina Lugo
Borrowing money from parents for down payment
I'd like to purchase a 2 unit building with a 203k loan that I'll eventually BRRR. I have some money in savings, but not enough to cover a down payment, closing costs, and reserves to hold me over for a few moths whil...
Lauren Perry
Borrowing from LLC to sidestep seasoning requirements?
Has anyone here had experience with loaning yourself money from an LLC in order to get around seasoning requirements for your refinance? We are planning to use the BRRRR strategy, but trying to refinance as soon as po...
Jimmy Rodriquez
Co-borrowing with a Conventional Loan Already
Hello everyone! Context: I am co-borrowing with my brother. We bought a duplex in Reading, PA, with the intention to house hack it. We got this house through a conventional loan because my brother already owns his own...
Carmelo Caceres
Lender asking borrowers to commit to leases.
Hey guys, I have something to vent out and read some opinions. We own a duplex through a VA loan for two years and we started to process to refinance and get another Va loan for another investment property as a primar...
Jimmy Suszynski
How to borrow money from friends/family
I have a handful of friends and family members that are interested in lending smaller amounts ( <$5,000) for house flips and BRRRR deals. This cash could help with interest-only payments and down payments. I formed...
Adam Carbone
Borrow Additional Capital from Family for Mortgage?
Hello, newbie here! Looking to house hack for my first property and first home around Louisville, Kentucky. My wife and I have no debt and are looking to maximize that opportunity by purchasing a duplex and renting ou...
Andrew Bennett
Private money rates when borrowing from family
What is a “fair” rate to pay a family member for the first time borrowing money from them?What kind of return should they get for:1. $5,000 2. $15,0003. $30,000What is the best way to repay them?1. Lump sum at the end...
Gina Cresse
Borrowing against self-directed IRA rental property
Hi,I purchased a rental property with my self-directed IRA (all cash) in 2013 using an LLC set up for me by an attorney. I recently discovered I can borrow against the property to get cash for down payments on more r...