Charles Salim
How much does it typically cost to foreclose on a property
I have a property that I am owner financing. I’m the lender on the property and was wondering how much the foreclose fees would be around as just a worst case scenario if I would have take the property back or how m...
Torean Gardner
Looking for some advice on a hard money lender gone wrong
So without going into extreme details. I had a property that I financed with a very shady hard money lender. Long story short lender stopped releasing draws and properties construction stopped as a result of it. I’m n...
Harrison Silverstein
Notes always keeps things interesting! (CA - 29 Palms)
Hi all! A bit of an interesting story that I thought I'd share!I recently acquired a note in 29 Palms, CA for ~90% UPB (About $50,000 mid 2021). This asset is a Lease Option contract that has been Non Performing since...
Daniel Young
Finding Funding for my First Rehab?
Hello BiggerPockets family! I hope all is well in your investing journey! I am officially under contract on my first property that will become my first investment. I am going to BRRR/Live-in Flip/House hack this prope...
Sean Haberman
How do you start lending money to RE investors?
How does one start lending their own money to other RE investors?
I am curious how this process works, what rates/ terms are common? Is this a common practice? Risky?
Looking to learn more about this space
.
...
Richard Warren
Does Your Word Mean Anything?
I was raised to believe that the most valuable asset in business, and in life, is integrity. Your word is supposed to mean something and personal ethics are paramount.
This week my article on the BiggerPockets Blog w...
Shea Davidson
I’m looking for reputable full service mortgage note company..
Hi,
As I’ve mentioned on a coupld of previous posts, I’m very interested in 1st position, performing mortgage notes....especially notes in Texas. I am trying to find a reputable note company that will walk me throug...
N/A N/A
Owner financing question
Do you have to own the property free and clear to offer owner financing?
If you don't, can someone explain roughly how you go about owner financing if you currently have a mortgage on the property.
I ask becuase I ...
Kenneth Moerschel
How long should an average appraisal take to complete?
How long should the average appraisal take to complete when I on site at the home? I know it can possibly vary with home size. But what should be the duration?
Nghi Le
Protecting the 2nd Lienholder Position
I'm looking to get private money lenders to loan the down payment for my hard money loans (to do flips), but I'm wondering if that puts them at a significant risk. I'd like to know how I can best protect my private l...