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I noticed that a good portion of closing costs come from the lender (a credit union or other institution). Application fee, credit check, lender's attorney fee, all come from the lender. That being said, if I have a p...
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I have been a California Real Estate Broker since 1998 and have a couple of rentals myself. For the last few years I have primarily assisted another investor in researching properties for the Trustee Sales & handl...
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Looking at a deal that I want to do. But haven't used a hard money lender before. Usually I use private lender but was thinking, l rather use hard money on this day should take about 3months to rehab? What do you I gu...
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Looking for tax related advice. If I lend money to a real estate investor friend, I would get a 1099-INT at the end of the year. Which would go as personal income in 1040. Is there any way of treating it as business i...
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I am continuously looking for my first deal. My daily calling and walking/driving neighborhoods in the fayetteville, NC area will soon pay off. I realized as i have not contacted a private lender to assist in initial ...
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I know this may sound ridiculous but I just did a brrrr in Houston and i am very new, I used my own money, was wondering how I can do this with a private lender and how they get their money back in a reasonable time....
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Is private lenders still lending and are they able to close quickly? Also are there any new requirements?
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Hi, I’m a new investor in North Carolina. I bought my first property in December with a 20% down conventional mortgage. Its cash flowing wonderfully and I’m eager to get the next deal done. While I’m thankful for my f...
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Hello!I am wanting to get some input on a deal that I am working on right now. Found a great deal I intend to BRRRR. I have secured private money. The property is a small condo that definitely needs some work but not ...
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Does anyone know if private lenders provide valid preapproval letters? How will the wholesaler and seller know the initial hard money funding is secured