I'm 17 days from closing on my first deal. I locked in a 30-year fixed at 6.5% with a local credit union (included points). A family member has since asked if I'd be interested in financing $100k of the deal with them...
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Is it legal or advised to use a private lender and a conventional bank to get the money to buy and hold a property for rent?
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My parents are facing the following situation, looking for help.They bought a home in May of 2000. Privately financed mortgage from the owner that they bought the house from with balloon payment due in 10years at 8% r...
My husband and I have a small LLC and have been approached by First National Acceptance Company to purchase the mortgage/land contract that we currently hold on a property valued at less than $100K. Anyone work with ...
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I am trying to figure out if there is a private investor option for my situation.
I currently own a home free and clear that is valued at $235K
I am wanting to purchase a home for around $400K that will appraise for...
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I bought a fourplex in Dec.2013 for 100,000 and put 20,000$ down. I obtained a private mortgage @ 10% for 80,000$. My building later appraissed for 183,000$. I have a 5yr term with the private lender that really...
Hello,This is my first post here at Biggerpockets and I first want to say hello to all members of this incredible, resourceful site. After spending days researching solutions for my unique problem, I stumbled across t...
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I'm acquiring a property at 65% of ARV using a private mortgage (secured against the property) and then want to immediately refinance the property using a conventional mortgage through a normal bank to pay off the pri...
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I have been looking for 3-4 unit apartments where I currently live. I plan on using an FHA loan and occupying the property for at least the first year until I decide what market I want to move to for investing in real...
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Currently I have 2 private mortgages in my name and looking to add a 3rd at the beginning of the year. Once we have the 3rd conventional mortgage in place I’m guessing I wi start running into some problems with tradit...