Don Konipol
Can Seller Financing Benefit the SELLER?
Can Seller Financing Benefit the SELLER?
Most “Gurus”, authors, advisors and experienced real estate investors preach obtaining seller “carry back” financing for property buyers in order to (1) obtain financing when ...
Corey Dutton
The 5 Most Common Questions About Hard Money Loans
For those who have never obtained a hard money loan, there are typically a lot of questions. Here are some of the most commons questions and answers about private and hard money loans:
1. What exactly IS a hard money...
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...
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...
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...
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
Reece O.
Business Credit vs. Personal Credit
Hello,
I have heard when applying for business credit, such as a loan in the name of an LLC, that personal income isn't as much of a factor as much as your business and personal credit profile. Is this true? Can you ...
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...