Mark Erhart
Best way to use equity on seller financed properties?
Hello,In late 2019 I bought out my parents 3 rental properties (5 units) through 5% down payment, seller financing with a 3% interest rate! It was mismanaged at the time and we renovated 3 of the units and raised the ...
David Smith
Can a lender do that?
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...
Jared Kott
Portfolio Loan
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...
Jay Schwichtenberg
Partial Note Team: need attorney & servicing company in TX
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...
Landon Dean
Portfolio Loans
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...
Tatiana Jimenez
Does this method work?
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? ...
Ryan Dori
Can a builder get paid for an under contract under construction property?
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...
Jimmy Warr
Unsecured Loans
I have found a building for $50,000 that is 100% occupied . Would anyone offer an unsecured loan for this amount ?In Memphis, Tennessee .
Michael Glaser
SBA EIDL Loan Terms | Is It Worth It For $25K+?
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...
Robert Howell
Is this note fraud?
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...