Does Schwab or any similar bank allow you to put up an IRA or brokerage account as collateral for a re loan? How would that work?
I work for a Hard Money Lender, and had a client ask once how he might be able to leverage an SDIRA to create more liquidity. He was using the funds to invest in real estate, but wanted a way to keep at least a portio...
Portfolio Loans.....I am looking to learn more about them and some real life scenarios people have used. 1.) How does it work compared to a traditional 20% down loan that I have used on my other two properties.2.) Are...
HI All,I met a person on BP that is a lender. Id rather not advertise. I'm looking for any feedback.Would you accept this loan?They are willing to loan $150K for SFH purchase and rehab. Term is 12 months @ 4%. The loa...
Hello BP community,Not sure if this is the right forum.While looking for all my creative finance options I came across the terms Recourse Loans and Non-Recourse Loans.My understanding is Recourse requires collateral (...
Is there a difference between hard money lending and investment financing? What are the advantages and disadvantages of the two?
Hi all! I'm currently looking at an apartment building where the purchase price is around $1.25m. If all goes well, the plan is to purchase the property through an LLC.I spoke with a commercial lender the other day an...
Hi AllHave a friend of a friend helping with taxes/accounting. We have a property in our personal names at closing, then afterwards we moved the deed to an LLC created some months later. However the accountant is s...
Good morning everyone! So, I am about to break into the world of syndication deals! (Joinging, not creating!).I am happy with the passive nature of these syndication deals, and happy with the returns they provide c...
Thought the EIDL contract terms for those approved needed its own thread.I was approved and I'm at the signature stage of a loan above $25K. I understand the collateral, but the Requirements for Relative Collateral ar...