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When your just starting out you hear lots of terms like soft and hard money lenders...can anyone explain this to me? I'm trying to line all my ducks up before I get totally wet. I know that there may be a time when ...
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Hi: How can I get a loan without a job? I own a paid for rental property in Monterey but I can't refinance because I don't have a job. Should I get a minimal job, just to qualify? Does it help to have a job? What ...
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Good afternoon,I met an interesting individual who invests in multi-family. Very generous with his time. For the longest time I couldn't figure out how to get started, take any action. I'm taking action today, righ...
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Hey y'all. I have purchased 11 units this year and have now been put on "hold" from my bank. They want me to sell one of my houses for a profit and then the will lend me money to buy another rental. However, I am n...
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Okay I need help trying to find a private lender .I found at 2 unit house I offered the owner $65,000 for it .the house is in decent condition . So no repairs is necessary. This house appraised for somewhere around...
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To the BP community that live/invest in Connecticut, I'm looking for recommendations on a hard money lenders in Connecticut or a place to start looking. Thank you all for your help!
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Hello,What's the difference between portfolio lenders vs non-QM lenders and which is better to use for rental property investments?
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Hey all!Wondering what type of rules there are around one lender paying another lender a predetermined bps referral fee upon close for referring a borrower that has been turned down from the bank?I know under the Lend...
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In the past I have known some PML & HML that forclosed on a few properties which were under water, half way renovated or the borrower just realized he was over his head on his/her 1st. flip! My ? is why are they s...
Is there a difference between the two?
If the loan terms were the same, would you be more likely to work with a private lender or a hard money lender?
Hard money lenders use private money, so to my mind they are the...