Wade Stahle
Foreclosing on an owner finance
I have a bit of a difficult one. I have a gentleman that is owner financing his home. His "renter" is 3 months behind on his payments and can legally be foreclosed on in my state. He doesn't want to deal with it and w...
Cliff Bradshaw
How can I add a (legitimate) Trade Line?
I have a timeshare that I have been paying for since 2003 and have not missed a payment nor have I been late. I am sure this will boost my credit score dramatically and I would like to know if there is a way to add t...
Beth Johnson
A few reminders for DIY private money lenders
Consider private money lending and/or note investing for a passive income source? You're in good company. It's a lucrative alternative investment if done right, offering strong interest returns without the headaches o...
Ryan Fox
Piercing the corporate veil in California
There seems to be a lot of confusion on BP as to how you lose the protections of an LLC or business entity. In legal terms, this is called “piercing the corporate veil.” A business entity can shield you from liabili...
Adam Craig
Any scenarios where you can advertise to private lenders through facebook?
Any scenarios where you can advertise to private lenders through facebook?Sometimes we have scenarios where a small amount of money is needed via private lenders to take on or do a commercial investment project. I thi...
Kathryn K.
Settling credit debt 4 less than owed?
I get solicitations from companies offering to legally reduce my credit card debt and get the credit card companies to accept a lesser amount as payoff. Supposed to be entirely legal. What are the criteria for doing t...
Andrew Reyes
Should I raise more capital than I plan to need?
Hi All:I am in the process of working through a business plan with my partner to execute on the BRRRR strategy. We have limited funds ourselves but family and friends have expressed interest in investing with us. If w...
Federico P Demarin
Push association to collect from auction proceeds on time
What options do you have after buying in an auction, to make the association collect its debt from the auction proceeds available? they don't seem to be interested, and I am afraid I will end up with the debt obligati...
Ian Stuart
AMA - Agency Multifamily Debt (Freddie Mac & Fannie Mae)
BP Community:
Hope you’re all enjoying the bear market!
My name’s Stuart, I’m an agency multifamily lender with Berkadia that finances apartment buildings throughout the Western US with Freddie Mac and Fannie Mae. ...
Tim Silvers
Negotiating cancellation of debt on 2nd mortgage
I am looking at a sub2 deal with the following details:1) Motivated seller that understands sub2 deals2) 1st mortgage with rate of 2.75% 30 year ARM (loan is current)3) 2nd mortgage (originally a HELOC) has been in de...