Benjamin Rogers
is a commercial loan necessary for first SFH?
My wife and I are preparing to close on our first rental property. The community bank that I was planning to use says that we will need a commercial loan since it will be a rental. They say that the only way around th...
Joe McKnight
Banks that loan to an LLC in the Akron / Canton Ohio area
Hi,I'm new to real estate and was looking to see if anyone had any suggestions regarding local banks that lend to an LLC. I've been told by a few mortgage brokers to just get the property in my name and then transfer ...
Dan K.
Going from a fourplex to a five unit - financing
Hi there! I have a 4 plex financed with conventional mortgage. I am thinking about adding a fifth basement unit down the road. Could I refi using a commercial loan BEFORE I do this, or do i add the fifth unit and th...
Brigham Pyron
Buying a Defaulted Mortgage to Fix & Flip
I have just found a guy who sold an inherited home with owner financing. The new owner stopped paying some years ago. The now mortgage holder has agreed to sell me the mortgage which I would foreclose then fix/flip....
Ian Rogers
Protecting business with LLC
Hey everyone, this is a pretty common discussion point on here and I have tried to search the existing posts to get the right answer, but at this point, I think I'd rather get assistance directly. Anytime I ever read ...
Colin Potter
Private loan from family
My partner and I are preparing to make a cash offer on a home funded by our own cash partnered with a private loan from family. We've drafted our promissory note, have the funds ready to move, but I'm not finding any ...
Esteban Holman
Title Transfer from a Person to a Single Member LLC
Greetings, Looking for some insight on how to transfer a property in my name to a LLC I created. There is an existing mortgage on the property. I've read several different posts on the subject but it seems like there...
Joseph Scorese
4 key steps in the Mortgage Underwriting Process
4 key steps in the Mortgage Underwriting Process This past week, I personally Underwrote and funding a Private Mortgage on behalf of an Investor for a Construction Loan. The experience was fast past and exciting. The ...
Alonzo Moreland
How to purchase a property when the owner has a reverse mortgage on it?
Hello. Can you please advise me on how to purchase an out of state home where the owner has a reverse mortgage on it? I live in Maryland and the elderly owner, and the property are in California. The owner owns the h...
Josh Pryor
Seller Financing Documents
Seller financing looks like one of many creative strategies with REI, however, I do not fully understand this. Do I need a lawyer? How do I document this? How do I pitch this to a potential seller? ANY info is helpful...