Bryan Hancock
Musings On Investing - Post 1
I'm starting a blog series and thought I would put this out for commentary before I publish it more formally. Thoughts/feedback are appreciated. “Of all tyrannies, a tyranny sincerely exercised for the good of its v...
Account Closed
How much "skin" do hard money lenders generally require... or, what's a good % to propose?
Very hypothetical scenario: I find a deal where I have the opportunity to purchase a dilapidated home for $260k. Rehab costs are $75k. ARV is $490k.
Let's then say I have around $140k cash sitting around to invest, ...
Daniel Miller
Dad had Living Trust, I am trustee, he died, I'm confused...
So I've already gotten one surprise in this adventure... I discovered that dad's Living Trust becomes an irrevocable trust upon his death. I've already gotten an EIN for the trust, but I'm really unclear on how I do ...
Kevin Danikowski
Looking for info on Condo Package Deal
I can't find forums on bigger pockets discussing condo package deals, so any insight possible would be appreciated! I'm looking at a deal to buy around 10 condos (in chicagoland all 1x1 / 2x1) where I would own majori...
Parker Cox
Lender position and asset protection?
When I started looking into this I thought it would be straight forward, but its not...Thought experiment: I am in Ca and I have an LLC devoted exclusively towards my real estate investing. I have my own money as wel...
Eric Odum
Hard or private Money Valuations
I am curious what tactics your hard or private money lender uses to arrive at a value in which they are willing to loan. Do they use a 3rd party appraiser?Use 3rd party real estate agents for an opinion of value befo...
Scott Smith
Any advantage to purchasing multiple individual units in a single building?
I have two units in two different buildings. Both are currently rented out long-term. I am looking to buy a third property in the same market. All other things being equal, is there any benefit to purchasing the third...
Chris Igard
REO Escrow Holdback loan disbursement?????????????
We purchased a HUD foreclosure and picked up a 203(b) Escrow Hold back loan. We had the subcontractor ready to roll in and repair the items and our lender tells them that all work must be completed before funds can b...
Tyler Derickson
Lender requesting future tax returns
I'm in the process of negotiating through a loan and the lender is requesting us to provide all FUTURE tax returns for the entity purchasing the building, all personal returns for investors associated with the buildin...
Antoine Stanley
A way to Close R2O
I just went through an attorney who closed a lease option home that I had for some time. We fixed the tenant/buyers credit and they was able to purchase the home. What I did for closing was used a power of attorney an...