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Recently, been seeing more and more online posts of performing mortgage notes on the secondary market as one-offs with a rise in individual investors presenting "anticipated returns". The numbers invited a closer insp...
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Property appraisal value: 265K
Borrower's down payment: 79K
You 1st trust deed: 132K
Seller: 2nd trust deed: 70K
Two year balloon
In addition to the high combined loan to value, what e...
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Ok So I finally took the plunge and bought my first flip. I have bought and renovated houses before but this was the first time that it was an intentional flip. I had my eye on this house for years and inquired many t...
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Hi, I am a fairly new investor, took lots of action, and now up to 7 units, mostly small multifamily. I started letting close friends/ family know about what I have been doing and have gained a lot of interest. I am a...
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Good afternoon all,Just stumbled onto BiggerPockets' youtube channel and found this community. I'm in my early 30's and about to have my first kid. Needless to say the future and being able to secure more money for my...
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I am speaking with my attorney who is helping me setup the proper documentation for use with private investors. She is suggesting that I do not deal with non-accredited investors because if something should happen to...
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From the rise of the iBuyers, Zillow looking to flip houses, and now Amazon partnering with a behemoth brokerage, is this the beginning of the end?https://www.wsoctv.com/news/local/amazon-real-estate-giant-look-to-dis...
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Private money, non-bank lenders, also called hard money lenders have always lent money without the need of a mortgage licensing. But the financial reform following the real estate meltdown, namely the Dodd Frank Act, ...
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Hi all - curious if anyone has any tips on how they would go about learning / feeling comfortable on how to do an out of state BRRRR. First post here, big moment.
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I’m looking for others that have had issues with Lima One lending. Many of the issues I have had and seen Others on the forums include; them jacking up interest rates without informing the consumer right before closi...