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...
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...
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...
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 ...
Ram Gonzales
Title clearing an old paid off lien
I'm working on purchasing a property. An original purchase loan was taken in 1998, which was refinanced in 2004, and then again in 2005. The title company cannot find a release for the loan from 1998 and says they nee...
Brendan Duggan
Private Lender in inaugural year!
Good afternoon,I started to lend out my own capital back in January 2024 and have originated 14 short term loans on new construction sf homes. The notes are 4 months in length. I'm wondering about servicing these afte...
Olutomi Odukoya
Is it Possible to Get a Loan on a seller-Financed Note
I seller-financed a house to a buyer. The note is for $135,000 amoritized over 30 years at 7% interest. The note originated on 1/1/2022. Buyer has made every payment. The house is now conservatively worth 142,000. Is ...
Logan Zanki
Building company credit to buy real estate
Has anyone on here used company credit to buy real estate? I've been talking to a company that said they could get me a company line of credit for 50-70k with in 6 months.
I was thinking what if I used the company ...