Michael Vaughn
Corporate Advances/Deferred Balance
Hey, Started to gate tapes from different sellers recently and i noticed a few columns which i'm not sure how to interpret and what is their impact - Corporate Advances/Deferred Balance, can anyone shed some light? is...
Michael Plaks
Pointless to apply for EIDL loans right now
We all got excited about the EIDL loans from SBA: $10k free advance that does not have to be repaid, and then some great terms on up to $2M loans.
We celebrated too early. First we learned that it is not $10k. It is...
Deandre Brown
Any experience with RMLO?
Hey BP fam,
I have a quick question: Has anyone had experience with a Residential Mortgage Loan Originator (RMLO)? I was speaking with a property owner who is open to seller financing, but mentioned that I need to ...
Markum King
$16K gap. What to do?
Hey BP,
Next week I am closing on a cash-out refi. I am using the equity from the re-fi to purchase a twin home, but I am $16K short from buying the property out-right. The price for the twin home (FSBO) is $258k a...
Justin H.
What is an "agreement rider"?
I can't attach or hotlink the document from the recorder's website but I can send it to anyone willing to help. I found a foreclosure in progress that I'd like to pursue but I'm not sure what I'm reading to be honest....
Debola Immanuel
SBA EIDL loan for investment property
Does anyone know anything about the ability to use the SBA EIDL loan for investment property? Is it allowed?
Janis Ski
CC TO FUND A DOWN PAYMENT?
Hello All, So I recently established business credit and obtained a few credit cards. I have heard several investors state that they have used credit cards to purchase real estate. I would like to know the best way to...
Andrew Martinez
Commercial SBA Loans
We are looking to purchase a self storage property in Mississippi. We are looking for a lender that deals with commercial loans and SBA loans in that state. We are having a hard time finding some. We live in Colorado ...
Tim Robinson
Rights of Junior Lienholder
Hi: I'm hoping someone here has an answer. I funded a loan in California secured by a 2nd DOT at $399k behind a $633k first @2.85% 30 year fixed- three years into its term. The value of the property today is north of ...
N/A N/A
Rehab loan question
Where do a person score need to be to purchase a Rehab, and how much money do you need to have a closing and how many can you purchase at one time, and is it true that as you fix up the property the lender will give y...