Amanda Salvatore
Construction loan on owner financed land
Hello! We’re in the process of purchasing land from my mom using owner financing. We plan to start building our primary residence using cash to pay as we go (we own a construction company). We’d like to still get a co...
Carlo D.
Which lawyer do I use?
As a lender, what type of lawyer do I go to draft loan documents for me? Can the real estate lawyer do it? TIA.
Ryan H.
Single Member LLC: Self Charged Interest to Reduce SE Tax?
Questions: (1) May the owner of a single member LLC loan money to the company and charge the company interest for the loan? (2) If so, is the interest paid by the company a deductible expense to the company reporte...
Will Zena
Cash Call Mortgage Experiences
I have been hearing alot of commercials on the radio for Cash Call Mortgage. Saying they don't concern themselves so much with FICO scores or tax returns. They also accept low down payments for investment properties....
Shari B.
When am i bound to go through with a refinance?
I am shopping around for a cash out refi on a rental property and have a couple of very good prospects. Conventional loan, excellent credit and reserves, nothing owed on the property and the property is seasoned. One ...
Sarah Rodgers
Partial Claim on FHA Loan shows unpaid
I sold an FHA backed Condo in December 2020. I did do a loan modification in early 2020. Closing went well - all monies were accounted for in the HUD settlement statement including the $2800 owed for the loan modific...
Michael Shadow
Bookkeeping question
Anyone know how to record in your company's books a HELOC payment on your primary home that you invested in your business?
Confused? I may be able to explain it better with an example:
$10k from HELOC invested in t...
Jane Ho
Have you ever heard of this kind of 'forbearance'?
I have a loan question from a past client...(I am an agent).
They tell me today that someone approached them (a company from LA), that if they purposely not paying their mortgage for 3 months, the company can negotia...
Andrew Angell
Best way to get personal cash into an LLC for a Syndication deal?
TL;DR - What's the best way to put personal cash into an LLC for a real estate syndication deal that will pay monthly cashflow? Also, if I borrow from my life insurance policy can I deduct the interest paid back to th...
James B.
VA Refi -Bring Extra Cash to Closing or Pay Down Principal First?
I had a VA refinance set up, my VA appraisal for the LTV came in at 90% which is a problem. Now the company says it can't go through unless I bring the difference of about $11,000 extra cash to closing. But from what ...