A buyer a get a commercial property. However, the lender is asking the buyer to buy a life insurance and add the lender as its interests. Is it legal? Is it typically? The commercial property is already use as a colla...
Hello All,
I have recently set up a LLC which will be used to shelter a commercial apartment building of around 20 units, ( not purchased yet ). I am looking to find a portfolio lender where I can use IRA money as c...
As everyone knows a residential loan is a lot cheaper than a investment loan. Does anyone get a residential loan and live in the house for a year and then rent it out after that. Is it possible to do this every year? ...
Hi everyone, my company builds single family homes in SW Florida, I have had a few potential buyers reaching out to me regarding potentially submitting an offer and going under contract for different properties, while...
I have found a building for $50,000 that is 100% occupied . Would anyone offer an unsecured loan for this amount ?In Memphis, Tennessee .
I am creating seller financed notes in Texas. I am interested in selling partial notes to private investors. I'm struggling to find an attorney that specializes in preparing them and also a note servicing company that...
Portfolio Loans.....I am looking to learn more about them and some real life scenarios people have used. 1.) How does it work compared to a traditional 20% down loan that I have used on my other two properties.2.) Are...
Thought the EIDL contract terms for those approved needed its own thread.I was approved and I'm at the signature stage of a loan above $25K. I understand the collateral, but the Requirements for Relative Collateral ar...
I bought a non performing note in Kansas City. It is an institutional note that was originated in 11/2006. Next payment due was 1/2007. This was an investment property. I believe the borrower cashed out the propert...
Looking for advice on how to obtain a secured (using property) non-income verification type loan for the purposes of renovating a non owner-occupied second home that is owned outright in order to to turn it into a sho...