Michael Slabitcher
Does a proof of funds letter from a hard money lender guarantee the loan when making offers?
If a hard money lender provides you with a POF letter in order to make offers, does this mean that if an offer gets accepted they have to provide the loan? Obviously hard money lenders have certain criteria the pro...
Ankur Patel
1099-INT forms to Private Investors
Hello,I have a home that I am flipping under my own name but received private money from a family member. I am going to pay that family member their principal plus interest. Is the only form which needs to be sent to ...
Jerry Padilla
Foreign Investors in the USA and Getting Approved For Conventional Financing.
Here are Guidelines for Getting Approved for Financing. I hope you find this helpful, as I get many questions on Foreign Investors and Getting Approved For Conventional Financing. NON-U.S. CITIZENS Social Security Nu...
Rafael Trinidad
Solar immediate equity ?
I am trying to get some cash together to by my second home my current home has about $38,000 in equity i have been told by several none investors i can raise my home equity instantly by getting solar panels now i am a...
Jaki Ollango
Private Lending Question
Hi. I have a private lender willing to loan us some money. I approached an attorney to draft some documents for us and provided the collateral details. However, she said she cannot because the interest rate being char...
Jerome Morelos
MTR Income Loan Qualification
Hello BP, what are the lender requirements for Mid-Term Rental income? I started my MTR in Sept 2023 and some lenders I've spoken to are saying different things such as 1 year tax returns, 2 years tax returns.. Can't ...
James Pecora
Anyone use/heard of -"All Lenders LLC" https://alllendersllc.com
Hello,I looking for any feedback on - "All Lenders LLC" https://alllendersllc.com, trying to do a deal in Las Vegas, and need funding. Recommendations welcome.Thanks James
Jason Dobbins
Private Loan how to set it up
I have someone who will give me a private loan, my questions is how do i go about getting the agreement done. I have looked at loanback.com are there other services i should look at or do you just go to a property la...
Jerome S.
Cash-Out Refi Unknown Delay in Wire Transfer
Hi All,We just closed a week ago (Monday 10/04), signing that day, on a Cash-out refi with no current mortgage on the investment property. I was told it would be Friday of that week when I may see the Wire of funds t...
Daniel Mendez
Subject-To vs Wrap Around Mortgage: HELP
Good evening BP,Can someone help me clarify what is the difference between a Subject-To vs a Wrap around mortgage? I've definitely done my share of research but I am trying to see if everyone has the same definition o...