James Lapp
Advice on loaning to house flippers for renovation budget
Hello, I am a potential hard money lender considering loaning to two individuals who are flipping a house. Individual #1: Taking out traditional mortgage with 10% down to purchase propertyIndividual #2: Managing resto...
Steven Brooks
Starting LLC for Real Estate Investing
Hey guys so I’ve been reading about starting my own LLC to get to a point where I can open a Business Line of Credit to help fund my BRRRR Investing. I connected with someone who is a credit builder and said he could ...
Keritan Shelby
Searching For Private Lenders
I am working on raising private capital for purchases on Single Family homes, and eventually Multi Family homes. Do anyone know of a nice way to market for these individuals in a way that is SEC compliant? Besides att...
Jill Novotny
Secured with 100% equity property
I am looking for 2 loans: One a secured loan on a property that has 100% equity, & another on the multifamily property that I buy. Private lender at lease for the secured loan. I don't want a HELOC.I expect to giv...
Jay Clegg
Can I leverage a 401k for my first REI
I have an active employer contribution 401K and was wondering if I can leverage a loan from it to start with my first deal. The cool thing about it is this particular investment firm offers a 7.5% return to myself for...
Bradley Bogdan
Can You Bundle Properties for Sale to Satisfy Your Lender?
So I'm working with a local non-profit to help them liquidate at least one, but probably 2 of 3 properties currently under a commercial umbrella mortgage held by a regional bank. They are looking to tidy up their affa...
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...
Account Closed
How do I protect myself if I lend money to an investor?
Considering a personal loan to an individual for a real estate investment. The request is a loan with an interest of 12.5% paid annually x 2 years. After two years the initial loan amount is returned. Seems straight f...
Mark Davis
What exactly is cash only
If you have a preapproved mortgagecan you use that as a cash only on an auction?
Katherine Robbins
Having a Trust run an LLC
Hi all,I've heard that it's smart in an asset protection way if you setup a Revocable Living Trust to run your LLC if your LLC is a real estate investing company (i.e we flip houses). I don't know much about this conc...