Jarrod Ochsenbein
Private lending in 2nd position
2nd position loan questions
How do you insure you mitigate the risk of not being paid back?
For me I use;
2nd lien on target property or cross collateral property deed of trust
JV agreement
Promissory Note
Pers...
Rob Cee
Opinions on investing in hard money lender "funds" vs. individual trust deeds
I'm curious of others opinions on investing in the funds many hard money lenders offer vs. just lending your money on one-off individual trust deeds. The advantages of the fund:-doesn't take any of your time at all, ...
Martin LaBelle
Subject To - Red Teaming
Just finished the excellent Creative Financing podcast On the Market Ep 29 with Pace Morby. I have a tendency to think in adversarial terms (I'm working on it) but in this case I was thinking about the bank, and how I...
Account Closed
Selling house with a financed roof that has not been paid off yet
I've been playing with the idea of selling my house, and I'm sure this is a very basic question but I was not able to find any answers on the BP forum or on Google.Last year I got a 10 year loan to finance a roof repl...
Shaniquea Fails
I bought a house all cash no mortgage what’s the next step?
I bought a house all cash last year. Unfortunately, I was in over my head at the time and hadn’t gotten the house tenant ready once the old tenants moved out. The house was a mess! This year although it is corona seas...
Michael Klinger
"Plan B" refi strategy ?
I have an owner/user building that houses my business. There is substantial equity in the building, while simultaneously the business is no longer strong as it once was. My current plan is to sell (it is currenty on t...
Andrew Martinez
What are creative ways to get a downpayment
Other that Heloc and a credit card what are some creative ways or other ways to get a down payment for an investment property. We got an approval for a STR but need 25% down in $180,000. This is a great opportunity an...
Henry Clark
Self Storage- Broad discussion on Finance
STORAGE
FINANCING FOR PROSPECTIVE AND CURRENT OWNERS
Just
finishing our financing on our latest location phase 1 (phase 1-230/ 2-200/ 3-200). Below are some
thoughts in general on Storage financing. Basic for...
Jill H.
Reaching out for help - How to fiance my flip -- have collateral
Hi everyone, I am reaching out for help because I am not sure what to do. I know there is a wealth of honest true knowledge here on Biggerpockets. My dilemma is that, I would like to start back flipping again. I ne...
Account Closed
Homeowners insurance requirements
When a lender requires homeowners insurance, is there ever an expectation that this is to include personal property coverage? Or is dwelling and liability generally sufficient? Thanks