Michael Glaser
SBA EIDL Loan Terms | Is It Worth It For $25K+?
Thought the EIDL contract terms for those approved needed its own thread.I was approved and I'm at the signature stage of a loan above $25K. I understand the collateral, but the Requirements for Relative Collateral ar...
Stephanie James
Funding during COVID-19
Hi everyone, I'm somewhat losing confidence in finding funding. Are there ways to fund multiple properties without putting 20% down on each one? Can I use one that I currently own as collateral or my personal prope...
Jamie Bateman
Note investors - how do you structure your joint ventures?
Do you always do a 50/50 split? Do you consider a lesser split (for your side) for performing notes, since there should be less to manage? When you send payments to your JV, do you include principal and interest? Or d...
LIpeng Wu
how to use personal loan in house purchase
Thanks to bigger pocket, I got a personal loan from bigger pocket network. However, I am not sure how to handle personal loan in house purchase. 1.Should I ask for a preapproval letter and attach the letter to my con...
Olutomi Odukoya
Is it Possible to Get a Loan on a seller-Financed Note
I seller-financed a house to a buyer. The note is for $135,000 amoritized over 30 years at 7% interest. The note originated on 1/1/2022. Buyer has made every payment. The house is now conservatively worth 142,000. Is ...
Sid K.
Providing a personal loan - Lien question
Hello - I had a quick question on a situation I am dealing with. I am providing a loan( personal) to a colleague. I want to make sure the loan has some kind of collateral. My colleague is ok with his property being th...
Chris Jackson
LLC needed?
Do I have to have an LLC in order to be considered for a commercial loan?
Timothy Vance
Private lending for RE investment in Colombia?
I know the website is almost exclusively focused on US markets, but I'm currently living in Colombia and I am amazed by what I'm seeing here. There is A LOT of potential. The city where I'm staying (Medellin) has a vi...
Henry Clark
Self Storage- New Investor Financing
New investor asked about max house refi to invest in Storage and holding excess cash.
Depends on the numbers and your objectives (do you plan to make another investment or move homes)? Change the numbers as you see f...
Jonathan Bombaci
Hard money on personal residence?
Does anyone know if a hard money lender would lend money as a personal loan using someone’s personal residence as collateral?I have a family friend going through a bankruptcy (so horrible credit) but his personal resi...