Jared Sandler
Common question: What are the steps to get a Hard Money Loan?
Every HML will work somewhat different but I will let you know the standard flow:
1) Get pre-approved with an HML - This should be free. DO NOT PAY AN APPLICATION FEE. This is a sign of a possible scam.
2) Look for ...
Brian Stillabower
Pay down and heloc equity for new investment or bank rents
Hello all:I am looking to purchase a small apartment complex, up to 10 units. I am also wanting to set myself up for future investments as well.Is it best to take the rents and pay down the mortgage, then when ready f...
Fahrudin Kostjerevac
Hard money lending
I am new to Hardmoney lending and have successfully received a return on my investment with three properties. However, one of my properties has a 6 month term. The borrower and/or title company did not contact me f...
Nuhan Demirkan
Debt Financing vs Equity Financing
Hello,I have been wrestling with this question for a while and I'm hoping you would be able ease my anguish. My three sons, my wife and I have a partnership that owns 15 rental SFH's. The cash flow is good and we have...
Account Closed
Question RE: loan for purchase and refurb
New investor question: If I'm purchasing a 40K home as a rental property or flip that will require 10K worth of refurb, am I allowed to lump those two together and tell the bank that my total purchase will be 50K?...
Mayer M.
Need help!!! rent or try to sell?
Hey Guys,Have a bit of a dilemma i'm hoping i can get your input on.I bought a townhouse property to flip, but do to a lawsuit the HOA brought against the builder most lenders will not underwrite a mortgage until the ...
Jennifer Hollstein
No more regrets - Doing what I want to do, finally
As a new years resolution I am cleaning out, throwing out to get organized and de-clutter. I just came across a letter from my mother from 1997 (I just graduated from college) In the letter she states that she just re...
Aaron Mazzrillo
Note Terms & Clauses
On another post which we kind of derailed, we got into discussing creative financing techniques and clauses some of us use in notes secured by real estate. You can read more about it here:
Original "Motivatio...
Warren L.
Mortgage broker vs banker
May I know if anyone knows of a reliable mortgage broker or banker in Jersey City area? I guess for no fee mortage broker, the closing cost is usually higher because the bank needs to pay the broker right? Thanks g...
Justin Cortez
TEXAS "SUBJECT TO" plan and questions
hello everyone,
so I've recently found a few pre-foreclosures. but looking at the comps in the area the homes have 20%-40% equity. my original plan that came to mind was to do offer a few different solutions and then...