Mark Lynch
Banks views on private money
I was talking to mortgage company loan officer and I mentioned that I would be getting a private money loan from a friend for an investment property I’m looking to buy. She said that the bank will generally frown upo...
Henry Zhou
Scammed by Xplicit Home Loan
I would like to report Xplicit Home Loan (https://www.xplicithomeloan.com/) for fraudulent activity. I saw their Facebook post promoting their quick collaborative mortgage service and decided to try it for a property ...
Carlos Louis
Investor Friendly Banking/ Loan Information in Cleveland Ohio.
Hello everyone,Which banks, in the Cleveland Ohio area, are investor friendly and are more willing to provide investors loans ?
Kimberly H.
Documentation needed for commercial loan versus conventional for rental
***Note-This is not a request for a loan. Do not respond asking me to contact you to provide me a loan-I don't want this post removed***
Right now I am in documentation hell putting all the docs needed for my...
Fletcher Clardy
Buying and Selling Notes
I would like to discuss the current market and predictions for post Covid-19 regarding notes.
Do you feel we will have more notes available in the market? Or will the government provide enough assistance to banks al...
Alexander Ignatenko
Medical Student Investors Discussion
Hello everyone!I was wondering if there are any other medical students or soon to be medical professionals who are current real estate investors that would like to create a discussion on any tips and tricks for those ...
Danielle Mulvena
401K loan or savings?
I am purchasing my very first deal and trying to decide if I should use a 401K loan or my savings to fund the down payment and closing costs. With 10% down, the property has a 12% CoC ROI and a 21.5% annualized retur...
Malick Ngom
NEED HELP: Finding insurance for a small condo complex
I am in the middle of a transaction where I am selling my condo, however I just found out our complex's insurance had changed recently and does not cover 100% of replacement costs due to a recent claim (last year). Th...
Stacy Morris
Using 401k money to invest
I've seen a number of times that people are taking money out of their retirement plans to invest in RE. They also say there is no penalty for doing this under the CARES Act due to COVID. Is this true in all states or ...
Will LHeureux
BRRRR method help!!!!!
Bought first rental in February 2021 for $300k in Nashville. Home is now valued at $330k. I put 20% down so mortgage is now at $238k.When is the right time to refinance and repeat?How?Thanks 1 to 40 in 3 years!