Account Closed
Borrower defaulted - should I accept deed in lieu of foreclosure?
Hello,I have a question regarding deed in lieu of foreclosure vs. foreclosure itself. My borrower is in default and offered to "sign the title over" to me. If I have a title search done and it comes back with no juni...
Calvin Lin
Indianapolis landlord told tenants to sell cars and borrow money
if they can't pay their rent or face aggressive removal. I know most of us landlords are not like this and in fact are willing to work with tenants who are impacted by the virus shutdowns, but the media will surely...
Christina Suter
FIBI Pasadena w. Jeff Smallowitz | Lending & Borrowing Private Mo
Join other Pasadena-area real estate investors at our For Investors By Investors meeting (FIBI) held the third Thursday of each month at 7pmLocation: Courtyard by Marriot, 180 North Fair Oaks Ave. Pasadena, CA. Door f...
Mark Gingrass
3 questions - house in SD - REI clubs - borrowing from TSP
I accidently posted this in a different forum, sorry for the double post.
I own a house in South Dakota but live in Oklahoma now.
I have a negative cash flow from this house of about $150 month.
Do you think I sho...
John Thedford
1st DIL-Borrower States They Are Giving The Collateral Back
I did a HML for a guy about 9 months ago. Before that he had another loan with me, always paid on time, etc. So the second time around I BROKE MY OWN RULES. I gave this guy 100% of purchase price. Now, he called and t...
Derek Perez
Properties full paid off. Sell, refi, or borrow against equity ?
Looking to go for my first real estate transaction. And I have a semi vague question.
My father and I plan on doing a syndication. He owns three single family properties free and clear ( bought them dirt cheap when ...
Hilary Nwakor
What does paying points on a money borrowed money means
What does paying points on a money borrowed from hard money lender means? For example, if you borrow $100,000 from a hard money lender at 16% and it takes you 6 months from start to finish to pay it back, your interes...
Billy Brown
Cash on Cash Calculation: Is borrowed down payment money "Cash?"
I've seen it both ways. Down payment divided by annualized net profit on the rental. However, if you are using borrowed funds as the down payment (ie HELOC), do you plug that in as "cash" even though it's debt? To me...
Michael Clay
Should you paydown an investment property borrowing from a 401K?
I'm currently deciding on if I should borrow from a 401k to pay down a Heloc or apply to mortgage. Currently, the Heloc has a loan amount of $45K @ 5.49%. Funds from the 401K can be borrowed @ 2.125% interest for a pe...
Steve Hodgdon
The deceased borrower and the daughter who kept the house
Once upon a time there was a borrower who took ill and gave his daughter power of attorney. Before he passed away he deeded the house to his daughter. Apparently, since the house belonged to the daughter, it was a no ...