Scott Elkovitch
Proof of Funds
Hello: I have a 500k proof of funds letter from a lending company based in Cleveland. I went to submit an offer and the Agent says that she cannot accept my offer because the funds aren't in a bank account in my name...
Kirby Baxter
Portfolio Loans for low cost rentals
Hey All,
I am seeking advice on Private Lenders that fund portfolio loans. I have spoken to my broker and the loan amount for several of the houses is lower than they fund. I am looking in an area that has started to...
Yuliany W.
Acceptable Source of Fund for Cash Out Refinancing
Hi all,
I've been reading about investors offering cash for a better chance of getting their offer accepted and after they have the property they will process their cash out refinancing. I know that gift money can no...
Johannes Bezuidenhout
Address Not Provided. Proof of funds first??
How do I approach a seller that want a check list of things done before they provide address?
Below is the email I received. Need some advice .
Thank you for contacting us. Before I provide the address to the prope...
Adam P.
What are the legal req'ts for an investor pool that gives loans to a business which flips homes
I've gotten several different perspectives on the following scenario and am trying to figure out the correct path here. Here is what I'm trying to accomplish:I'd like to pool investor money to offer loans to a busines...
Jake K.
Any creative ways to assign property on Hubzu?
Found a great property on Hubzu but I dont want to close on it myself, anyone figure out a way to wholesale-Assign it with a Hubzu contract? ty!
Curtis Woods
Should I use my 401k to purchase my 1st rental property?
I currently have a stale 401k with my last company which I'm no longer contributing too and it's been sitting there for over an year. I have a new job and currently contributing to my new companies 401k plan. Would it...
Mark S.
Leaving Funds to be ”Accrued” w Operator/Syndicator SD-Roth IRA
I own a couple of cacao parcels as part of an agricultural opportunity/syndication inside my Self-Directed Roth IRA. The SD Roth IRA owns the physical parcels (not a fund), but turnkey managed, syndication style with...
James Maddox
Question Regarding Transactional Funding
Can someone explain the concept of transactional funding to me? I understand it's used for wholesaling and is for short periods of time but where do the funds come from? How do you acquire transactional funding?
P.S....
John Geldert
Hard Money "Holdbacks"
Earlier this summer I funded one of my BRRRR properties using a HML (for the first time). The terms were not that bad considering I got the the property at a steep discount and they were able to close in about two wee...