Chris Stromdahl
Purchase Money Mortgages?
Are purchase money mortgages a form of seller financing?How are purchase money mortgage transactions handled?Is it a standard document used in real estate transactions?Should a real estate agent that works with owner ...
Tony Wooten
Start now or pay down debt
I'm 27 and looking to soon start a career in real estate investing (rentals). I have a job that allows me to pay my bills comfortably and pay down a small portion of my student loans and credit card debt each month...
Cheryl C.
1031 Question
I am planning to sell a property and 1031 in to 3. I currently have a loan on it. It's my understanding that I have to spend all my net, buy properties that, combined, exceed the sale price of my current property, a...
Peter Halliday
Exit Strategies for Borrower in Bankrupcy
I’m wondering what the exit strategy is for a borrower on bankruptcy. I was reaching up to follow up with a seller I’d bought a note from. He asked me if I’d be open to a note in bankruptcy. I realized that I don’t ...
Michelle Torres
HOA Lien foreclosure/ eviction
My family has a condo in a community that has two associations, one for the overall community and one for the condo subdivision we live in. My mother fell behind on payments a few years ago. We moved in three years ag...
Blanca Munoz
Other People's Money
Is OPM actually legal? How does it work? Can someone give me an example with factual numbers?
Eric Schneider
Changing ownership from self to LLC
I'm wondering if the group can point me in the right direction. I recently purchased my first rental with a traditional loan in my name. I recently got it rented and wanted to put it in the name of my LLC, so I filed ...
Ian Kisbert
Using private money
I am planning to use private money (close friends and family) to help fund the rehab portion and some of the purchase of a BRRRR. To transfer funds, is it as easy as signing an agreement with them, then they wire fund...
Phillip S.
Indemnity deed of trust - is it a good idea?
Question for anyone who may know the ins and outs of this. I'm in the process of doing a blanket refi on two of my properties that are owned by my LLC. The bank is setting it up as a commercial loan where the LLC is...
Randall Suggs
Non occupying co borrower looking to purchase first home.
Hello everyoneI am a non occupying coborrower, on a rate in term refi, attempting to purchase my first home. The issue I am running into is lenders having an overlay requiring 12 months of payment receipts in order to...