Wendy Busa
Would you private lend on Subject to?
2 questions, I have an investor that I have loaned money to in the past and he is doing a subject to. The comps look good, the LTV for ARV is 76%, the bank has the primary lien, so this would 2nd lien position. 1. Is ...
Tyler Stetz
Hard money Lending requirements
When approaching a hard money lender what are the most significant things they look at in a borrower. Do they look at your DTI ratio, do they require a certain amount of income based on loan value? Etc. I know they wa...
Joshua Filkill
Best areas to begin rental property investing?
Hello all,I'm a newbie investor from the west side of Cleveland looking to get into rental property investing soon after I graduate from Ohio State. What are some good ares you all would recommend for a duplex? I want...
Azah Che
How do I fix this? Help Please Help!!
Hi everyone,I need help and I don't really know what to do. I have to close on Tuesday and i need 12k for closing and 50k for rehab and I have reached out to a private lender to lend me the entire amount and now I a...
Zoltan Harta
Hard Money Basics for an REO
Hi BP,New to the investment world, and very new to Hard Money Lending. From my basic understanding of this type of financing, it seems to be an avenue for me the near future to get up and running but there are some q...
Duane A. Snow
Need funder - What if we split profits?
I am in a unique situation. Lenders are scare to give 100% because I have only done flip and hold at smaller amounts. I want bigger time with big results. Purchase $430K - Rehab $200K. Lake front home to sell at $1,00...
Reggie Youngblood
Quick Question About Closing
Is it legal for the buyer to pay the assignment fee at the time of the assignment, or does that have to take place at closing? Also, if it is ok for the fee to be payed at the assignment, would I have to go to closing?
Fllnids Agg
Vac rental pool exists - get a heater installed or a hot tub?
Hi!We just bought a house near Venice, Florida. Its a waterfront property that has a pool. We are getting the pool fixed ($10k cost its 70s fiberglass pool). Plan is to make it a seasonal rental during the snow bird s...
Andrew Glenn
Wells Fargo, storm damage
Under some paperwork I found a form from Wells Fargo stating that a condition of them endorsing an insurance check is that they may want to inspect the work to make sure it's complete if I meet established guidelines....
Peggy Joselin-Davidson
What to do with vandalized owner occupied property
What to do with a property that’s been vandalized by a family member. I can’t afford to repair it. Two family home in Massachusetts. Running a Mid term rental on first floor, which is furnished. Midterm rental guests ...