John Michael
Multifamily House Hacking Using FHA w/ Co-Borrower/Occupant/Mortg
Hi, I'm new to the site and would like some clarity on using an FHA loan for a multifamily house hack in my local area. I've read a little into FHA loans (3.5% down) and FHA 203(k) rehab loans. I understand they can b...
Jake Langley
I have to foreclose on a mia borrower, any advice?
I carry a note that is now 3 months delinquent and I have to start forclosure. The borrower/ owner is MIA this is not the first time this has happened but he usually contacts me and gets his payment up to date. This t...
Bob D.
Borrowing Money For Down Payment...Can This Work for Investor?
My partner and I have access to friends and family money to use for down payments for buy and hold properties. How can we structure a deal for an attractive return? They won't just give it to us, but we can't do deals...
Account Closed
Has anybody here ever borrowed money from Phil P. Ackers?
He presents himself as a hard money lender here on BP.I am trying to find any references on BP that have actually done business with him.I"m about to cross him off my list as a potential lender, but I thought I'd ask ...
Cheri Lange
How to borrow against home equity without consistent cash flow?
Hi All --I'm a new real estate agent wanting to get into real estate investing. I have ample equity in my primary residence, but cannot find a way to borrow against it without being able to show lenders proof of cons...
Taylor Green
How much should borrowers track record matter when private lending?
Hi,
I was interested to see how much a borrowers track record should matter when you are thinking about lending on one of their properties.
If a borrower seems trustworthy and has a long, flawless track...
Corey Dutton
Borrowers Don’t Grasp Relationship Between the Cost of Money and
Loan borrowers in need of fast loan fundings when purchasing investment real estate, often seek out private money lenders. This is because banks are simply unable to perform under the tight funding deadlines that are ...
Vu Huynh
Rent and taxes for one Co-borrower living in home
Hi,I am a co-borrower with my brother on a condo. I live in the condo but my brother does not, so I pay the entire mortgage and property taxes. I also occasionally rent out the spare room.1) Do I claim 100% of the mor...
Candace O.
Has anyone used Points to borrow money off their home?
I got something in the mail from this company called Points. They will give you money based on the equity in your home and it doesn't go on your credit and you don't make payments, but they get paid when you sell the...
William D.
Multiple properties, different banks, can I just borrow from 1?
BP!!
I have 2 condos, both loans from 2 different banks with PMI on both. Curious if any bank would loan me 1 lump sum to pay off both loans at a lower or equal rate. I would not have to pay PMI, I can pay 1 lende...