David Oldenburg
Private Money Loan Doc Software
I want to know who uses loan doc software to create their NOTES and disclosures when they lend their own money? Who do you use and why? I usually have the title company create the NOTE for me with their generic prog...
Brian Bern
Required money down on income properties?
I'm meeting with a couple of mortgage brokers next week, but a friend of mine mentioned that the mortgage companies are no longer offering 100% financing on income properties. He could just be blowing smoke in my fac...
Matt McConkey
Borrowing Money for Down Payment on Rental Property
Hey BP Members, I am under contract for a four family and my idea is the BRRR method. However, instead of buying with cash, I am looking to put a mortgage on the property, fix up, turn over the tenants, raise rents an...
Rav Ram
Using IRA or Solo 401K to lend to Auto Dealership
I have a friend who buys and sells cars at the auto auction and wants to somehow figure out a way to work together with me using my money and no other real resources (i'm not involved in business). I want to avoid...
Nathan Frost
Explain Release Price to me
How does release price work? I have a portfolio loan and am paying it down but need to sell a few properties.What if the home sells less than the release price but I have paid a lot of equity into the portfolio loan?
Brian Mason
401K and a loan
I have a self directed 401K with $250K in it. I want to buy some property with it and found a great property for $350K. Is there a way I can make up the difference?Can i take out a personal loan to cover the other ...
Account Closed
should I open an LLC before purchasing property
Hi BP, Newbie here, I will be looking to purchase a small apartment complex this year and I’m not sure if I should open an LLC before or after purchase. And could you direct me to a buyers checklist if there’s such a ...
Jeff Jenkins
How Do I Structure a Private Loan?
Say I have found a great deal on the MLS, and I want to purchase it. Assuming I know potential investors, how would I structure the deal? Say the house is $100,000 (for sake of clean math) including any repairs. ...
Alex Vidal
How Do I Structure a Real Estate Partnership with My Parents in California
Hello Everyone,
I'm 25 years old and I work in commercial real estate in San Francisco. I'm planning on making my first real estate purchase with my parents and we're targeting a single family value-add home ...
Talford Thompson
Private Loan vs. Gift
My parents are willing to help me finance my first investment. However, they don't want to incur any additional taxes and thus could only offer $14k/each this year under the Gift Tax exemption rules.
My question is:...