Brett Burky
Partials Hypothecation Method - Have you used it and why?
We're working on something and have come to love the idea of the Hypothecation method for closing partial notes. We're trying to get an expert opinion on it to be more well rounded on the subject as we dive deeper int...
Shaun Kackert
Getting started, have cash and bad credit
I have been reading this site for a few months now. Due to a lawsuit I will be coming into about 800-840k. I want to make sure that I don't blow the money and I'm trying to get into real estate investment. I filed ban...
Jai Coward
Who finances LLC's?!?!
Hello All,I am having a really foggy time understanding the process of getting loans for my newly established LLC. There is an offer I want to consider in Memphis, 4 rental properties, asking for $55k down, $120k fina...
Sheldon Alex
Wrap Mortgage Private Money Partner Analysis
Good day everyone. Here’s a quick example of a Private Money Partner funding opportunity I underwrote recently.The borrower’s exit strategy is to Wrap the property to a homestead buyer. Below are the figures:
Purchas...
Antwan Smith
Need a Business Line of Credit
Do any one know in good source to get unsecured business line of credit. Newly formed LLC need quick cash and don't want to use hardmoney lenders to get into deals. FICo 738
Brandon Green
Business loans and lines of credit
Hello all,I have come across a situation that hopefully you may be able to help. I am in the process of closing on a property but unfortunately my personal credit was hit and now in order for the closing to happen I w...
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Finding tenants who disappear
I need to know the best way to track tenants who take off and leave no address or contact information. I think this is called skiptracing, but I'm not sure how it all works. Please let me know what I need to do to t...
Account Closed
Suing a borrower for breaching contract
Hello fellow BP bloggers,Has anyone had experience or know of any cases where you sue a borrower who is not willing to pay you back the personal loan you made? It's a personal loan with a signed promissory note secur...
Steven Segal
Lending - Attaching a mortgage - Illinois
I am doing a deal where I am lending 90K to a group. I am looking to attach a 30K mortgage to three investment properties they have with sufficient equity.Any idea on how much this would cost?They offered personal gua...
Tony C.
HELOC for rental properties in NC
Does anyone know if there is any lenders can provide HELOC using rental properties as first collateral? I have a BOA HELOC for my primary residence, but they do not offer HELOC for rental properties.