My partner and I used a HML to acquire and rehab a property in Atlanta, GA. We initially planned on flipping the property but have decided we want to hold onto it and rent it out. We need to secure a mortgage loan asa...
Hi all,I’m looking to buy my first home and i’m running into a lot of listings being sold as-is or without COO. Will mortgage lenders give a loan for these properties or would i have to go to a private lender? If so, ...
Hey everyone, I am just beginning my real estate journey and have several properties I have identified and will be reaching out to the owners. The only issue is that I do not qualify for a traditional loan. I have the...
Hello all. My client is selling her home but having challenges finding a 2nd lien holder who popped up during the closing attorney’s title search. She thought the 2nd lien was stripped during a chapter 13 but was not ...
Hi all:So I've posted a related question on this topic before so this is somewhat of an extension of that. To summarize, I have a total of 9 investment properties 2 of which have high interest rates at 7.875%. One pr...
Does anyone have a generic Authorization letter to use to the Title company can check the title of a house that I am wholesaling? My title company told me to use my own to do the double escrow.
Thanks
Hello Everyone, I am new to BP, I am trying to understand about mortgage positions in a title search. Would be a great help if someone can provide details.A property first mortgage is recorded on some x date A second ...
Hello, just wanted to drop a note.
I offer lending in the following areas:
Residential
Commercial
Construction
Investment Properties
Super Jumbo Financing
If you have a deal that seems to be falling through the cra...
In Gary Keller’s book, Shift, he lists 25 creative options that are most common, but barely scratch the surface:- Seller Contributions- Seller-Funded Permanent Buydown- Seller-Funded Temporary Buydown- Owner Financing...
Navigating tax responsibilities can be complex, and one common area of confusion is whether private lenders should send Forms 1099-INT to investors and if investors should receive Forms 1098. Let’s break down these pr...