Joey English
A no-good deed goes unnoticed
A no-good deed goes unnoticed:The deed room is a very important place to frequent, especially once you put a house under contract to buy. You need to make sure the people selling you their house can legally do so.Your...
Alma Mills
How can I structure several small private money loans so they are secured by 2nd mortgage?
I am closing escrow on a property next week that is a duplex in need of some remodeling. We need to borrow about 130k for the remodel and will refinance in 6 months to 2 years to repay the funds borrowed. It seems t...
Zachary Wurtz
Documents Needed for Private Lending
Hello, I have two questions - hoping some of you may have advice based on experience.I am intending to team up with a coworker who plans to pay for the rehab costs of a BRRRR strategy as I pay for the down payment. We...
Sonia Spangenberg
PPM's
Does anyone have guidance on wording for a PPM. I already feel comfortable with presenting the deal analysis reports but would like to have a PPM statement as to risks to attach to those. Could someone share an exam...
Matthew Trotter
Terms to expect from private lending?
Does anyone have a good feel for the typical terms and interest rates that someone with great credit (750-799 credit scores) can get if going through a hard money lender or private lender?Specifically, what interest r...
Terri Austin
Private Lending Business
I am interested in becoming a private money lender. Whom might someone like me contact in order to get an initial start-up loan/funding? Some people have told me that you need to use your own money, however I just wa...
Oliver Platts-Mills
Terms for Private Loan for Income Producing Rental Property
We are under contract to purchase our fifth investment property in Virginia. The property is a large house that was split into six apartments and is currently fully leased. Over the past year my wife and I have tran...
Jesse Young
Multi-Family Financing
Hi Everyone,I am looking into multi-family units in the Washington area but have no cash for a down payment and do not want to live in it either. I see many articles talking about getting private money and hard money ...
Adam Budgin
Promissory Note for Down Payment?
Hi BP,I'm looking for guidance on how promissory notes can and cannot be used for acquisitions. I have a few sources of private money I can tap into, and I'm somewhat confused on how I can make the most of the privat...
Mike Kooser Sr
Recovering Damages letter
My tenants who moved out last month left the place in rough condition. I'm just now finishing up getting the unit back to rentable condition. I wanted to send them a certified letter to their new home ,job and email...