Terry Schmidt
Tax deduction for hard money lender thst hold first position
Investment Info:
Single-family residence hard money loan investment in St. Louis.
Purchase price: $30,000
Cash invested: $200,000
Sale price: $325,000
I'm the hard money lender on this deal...Als...
Jason Krawitz
HUD in 2nd position. Will HUD negotiate a short sale?
Have any of you ever negotiated a short sale with HUD? I'm trying to help a home-owner stop their foreclosure. They owe 95k on their first mortgage and 25k on a second mortgage. Second mortgage is with HUD. The first ...
Pete Edmonson
How to determine the correct equity position to offer investors
I have started marketing to some private investors the idea of giving equity position in a deal, in exchange for down payment funding. I tried unsuccessfully to find some advise on PB Forums to help me determine how m...
Diane Albano
2nd position in gap lending, first time investor need help
I did a gap loan to a wholesaler who has a few projects going on. This is my first time investing. I received a promissory note/ operating agreement. He promises to pay principal and interest at a yearly rate of 12 %...
Charles Hill
Protecting my position in a Rent to Own (Lease Purchase)
Hello BP Members, and in particular, members who are doing Cooperative Lease Option Agreements (Rent-to-Own) from Canada in the USA. The Memorandum of Option or the Affidavit of Equitable Interest are used to protect...
Jonas Grant
Residential lenders that will lend in first position @ 100%+ CLTV
For my primary residence in Nevada, I have a first mortgage with a main street lender, a HELOC second, and an SBA commercial loan lien as a third. The commercial lien is to satisfy SBA lending collateral requirements...
Drew Sygit
Tired of Only Negative PMC Stories - Who Has Positive Stories?
Seems everyday there's a new post about a bad experience with a Property Management Company.While it's our opinion, that at least 50% of our local competition are incompetent or crooks, we do know several that, like u...
Steve K.
Lending on 2nd Position or Unsecured thru ROTH IRA LLC
We are in talks of doing a loan for unrelated 3rd Party (a repetitive client of ours), to help buy 5 rental or rehab properties. A promissory note will be used, we have not decided if we will use morgages or cross-col...
Samuel Gebretnsae
Couldn't find any property with CoC ROI in positive tritory
Hi, I am new to real state business, I leave in California, and I want invest in rental property, so I am learning all the way through BiggerPockets, podcast, forum and books. Since I am remote worker, I can invest pr...
Dillon Squier
Tips on landing a real estate agent position post military
In January I will be separating from the U.S. Navy and will be moving to Chicago. I have wanted to join the field of real estate for sometime now but after looking at postings on LinkedIn I have noticed that I am very...