Eamon Conheady
Do not use this lender!
I was purchasing a multi family through an IRA LLC and was utilizing debt to finance it, requiring a non-recourse loan. Was given the contact info for:American Money Loan Services and the person’s name, Tom Vanderlaan...
Account Closed
Up date on IMPLODED LENDERS:
200 Major U.S. Lenders Have ‘Imploded’
From Implode-O-Meter (A popular web site that tracks failing or "imploded" lenders):
"Imploded" lenders: The "imploded" status is somewhat subjective and does not necessari...
Henri Meli
Does non-recourse in an IRA require a W-2
Hopefully this is the right forum.Does anyone know if a non-recourse loan within an IRA requires a W-2 (proof of employment)? Since the loan is entirely secured by the collateral, will the financial institution still ...
Tauno Peters
Renting to a small business owner
Aloha,I have a unit in Oahu Hawaii that some one from another Island applied to rent out. He is going to be living there but not running his business out of the unit. As being self employed he does not have much repor...
Shawn Morrow
Accounting, Taxes and Productivity
My wife and I just went under contract on property number 6 and we have put an offer for property number 7. I currently track all of our rental finances with spreadsheets. It’s was perfect when we were smaller but now...
Nate Marshall
Convergence of Private Money and Hard Money Industries: A Comprehensive Analysis
I will be expanding this thread with more reference material and links. Convergence of Private Money and Hard Money Industries: A Comprehensive Analysis
Executive Summary:
The private money and hard money industries...
Anthony Pollachioli
Question to all lenders regarding a home equity loan
My girlfriend and I are rehabbing a house and we have work set to begin in the near future. We are in talks with a lender and plan on taking out a home equity loan soon on the house we are rehabbing to finance the reh...
Tim Honaker
Single-family and Multi-family investing
hi my name is Tim Honaker in the Cincinnati Ohio area and I'm looking for any BiggerPockets family in the same area that can guide me and Mentor me in the multi-family area of business. I'm willing to work for free s...
Tim V.
False creditor information ruined my credit score
Spoke with my bank today about financing my next real estate purchase. On my credit report was an apartment complex where I broke the lease but paid all early term fees. I have all information saved luckily on Feb 22 ...
Mikey C.
Buying a house at a foreclosure auction
Hello, this is my first post here.
There is a foreclosure auction on a 850 square foot house that's appraised at $330k. The land that the house sits on is 50ft by 300ft. The house on one side is nearly 500k and t...