Keith A.
Setting up private loan process for friends to invest
I would like to approach some friends for private loans but would like understand the process to better explain it to them. Does this approach makes sense? The terms and percentage may change but more concerned o...
John Fierke
Being our son's mortgage lender initially
Our son and daughter in law live in a mobile home (don't own the land), decent credit score but average income. We want to give them a leg up by loaning them the money to get them into a house (in need of rehab) soone...
Jazz May
Notes Held by Failed Bank
What happens to notes held by banks that were closed by the FDIC. If mortgage payments are still to be paid to the closed bank, what happens to the payments?
Logan Turner
Who provides receipts or current balance on seller finance deals?
Ok so I bought a house cash, fixed it up and sold it with owner finance. Now the new owner is asking for monthly receipts of mortgage payment.
Is there an obligation for providing this? Should I be sending quarterly...
Brandon Shewbridge
Taking Action - Questions on Note Position & Gotchas
In order to get started, I've decided to move forward as an investor with a contractor that I know. After doing my due diligence, I will be investing and taking a 1st position note on the property in exchange for a n...
Danarsha Johnson
Tips for first time single home loan
Hello all, I am new to the real estate niche and I had a question regarding my first investment. I would like to buy a single family home to rent out. I have 10k saved. what is the max loan limit you’d suggest for my ...
Josh Thomas
Closing on a performing 1st note - process, legal, due diligence
Before I pull the trigger to sign a Purchase and Sale agreement for a performing 1st note from FCI, I'd like to understand the ideal closing process.Would you recommend I hire a local title company to preform a title ...
Melissa Jones
Seller financing
I am looking at a triplex the owner is willing to do seller finance. I have no experience with this type of financing and wanted to know how/when is title transferred. Do I use a title company the same way I would if ...
James Schiller
?Modifying your second lien and getting qualified for a home loan modification
Often time, prospective home-buyers become homeowners by securing a secured mortgage loan in the first instance and then subordinate them with a second mortgage loan, often known as the home equity loan. Due to the...
Serge S.
Owner finance deal question
I'm considering packaging up some 4plex buildings into an owner finance deal. Looks like a fair win win deal. I am offering very fair terms and the deal will cash flow for the buyer. This would be my first real owner ...