Allison Collins
2nd lien because borrower ran out of money
Hi everyone! I've been reading a lot on the forums since discovering BiggerPockets from their lending book. I read the book, but it didn't really cover this question. I have someone who wants to borrower money for a ...
Jerry Baldwin
Save for down payment vs borrow against equity?
I have a two family house and the plan is to buy another one in 4-5 years. Keeping the current one, rent out both units, and move into the new one. We've been saving up for a down payment to do 20% down. Currently hav...
Radikeleko Tladi
Non-USA citizen looking for a co-borrower
Greetings fellow BPers
My name is Radi and I am from South Africa. I'm currently teaching English in South-East Asia and was looking into buying USA real estate with money that I'm saving abroad.
I understand th...
Jonathan Decoster
Terms for Borrowing Down Payment from a Friend
Looking into buying a small multi-family unit here in Cleveland or Columbus. I will need to borrow the down payment. If you have experience in doing this how did yall pay back the loan? Interest only payments and pro...
Don Konipol
What Borrowers Say …….And What They Really Mean
What borrowers say........And What they really mean
1. I’m not going to pay any upfront fees.............I won’t pay for an appraisal, title report, survey, accountant to prepare financials or anything else required ...
Joe Shields
Non-owner Occupied Co-Borrower on Jumbo Loan
Does anyone know if a product that allows for a non-owner-occupied co-borrower on a jumbo loan exists? The only product I've been able to find would require 20% down. Looking to finance in Nashville, Tennessee on an $...
Eric M.
Lenders, do you have borrowers pre-sign DIL?
I have heard of the technique of avoiding potential FC problems by having a borrower essential pre-sign a Deed in Lieu which basically says, if the loan defaults this Deed in Lieu becomes enforceable.
Sounds too good...
Mirko Lopez
Want to borrow money. Good equity. Good credit.
I bought a property at foreclosure sale for all cash. I would like to do some more but I run out of money after 4 or 5 of these. I paid 113,800 at the sale and spent around 8k rehabing it. It rents for $1,350 per m...
Michaelina Stathakos
Who can help figure out my Borrowing Power
Hello Biggerpockets Community, I need your advice...who can I go to to help me figure out my 'borrowing power'? We have 2 small multifamily properties each with small mortgages and generating good income. Plus our own...
Neal A.
Need Advice - Current LLC structure and borrowing situation?
I'm looking for some pointed advice. We started in real estate a couple of years ago and due to our inexperience we decided on an ultra conservative strategy in the form of all cash purchases. We set up an LLC, moved ...