Ben Steever
LLC financing an investment property
Hey guys really needing some sound advice on financing my third property. Long post ahead. My first property was a simple conventional loan that I lived in for 2 years, remodeled, moved out and filled with a tenant.Se...
Ivan Oberon
Installment #11 Insurance Issues for The Real Estate Investor - Workers Compensation - Continued
Installment # 11 – Insurance Issues for The Real Estate InvestorWorkers’ Compensation – Continued Pertaining to hiring contractors and third-party service providers, be certain that they carry not only “General Liabil...
Darien Hernandez
Private Lenders: What Returns Do You Expect on 1st Lien Owner-Financed Deals?
🔍 Investor Insight Needed – Owner Finance Returns on 1st Lien Positions 🔍
Hey BiggerPockets community,
I'm looking to connect with investors who fund owner-financed purchases in a 1st lien position. What kind of ret...
Mark Senecal
What to do with $100,000
Hello BiggerPockets,I don't mean this as a hypothetical or click-bait question. I am within a few years of retirement and looking to diversify my stock heavy portfolio. I am in the process of moving ~$100,000 into a...
Mike Lewandowski
I have access to Private money in MI, dont understand the payback
I live in Southeast Michigan and I am interested in the BRR method. Buy 3-4 rentals and refi strategy. I have 70K of my own money and I have access to 100K of private money. I will be attending my 1st REI meeting ...
Kitty Jones
Private Lending in Washington State
Can I lend to a customer who wants to remodel their primary residence using their primary residence AND adjacent property as collateral? They have a first mortgage (FHA) with very little equity and own the second piec...
Megan Arzt
How to set up a loan from a private party
I plan to borrow approximately $30K from a private investor to help fund my next deal. I've never done this before. How do I go about setting it up to protect both parties? Thanks in advance!
Benjamin Canyon
What's the incentive for paying off a cheap loan?
I'm buying a vacation rental property and have a private funder who will loan me the money at 5% for 10 years. He's flexible on payment terms so it's on me to suggest something. Monthly P&I payments amortized over...
Paul LaSpina
Documents needed for engaging a private money lender?
When initially engaging a private lender on a deal, what documents should be executed to:A- Get their commitmentB- Structure business arrangement/partnershipC- Transfer fundsD- transfer paymentsThank you in advance!
Nick Kalinski
Student Debt Hindering Mortgages From Banks
Long time reader, first post. I recently graduated with an enormous amount of debt (>150,000). This is causing my debt/income ratio to be too great for many traditional lenders. I currently generate $3,200/month wi...