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Results (4430)
Jaimyn Chang When is gift money no longer a gift?
25 January 2021 | 8 replies

Hoping I can get a clear answer on this. Thanks in advance.I am trying to get a 25% conventional mortgage on a duplex that costs $80K. The bank is telling me the down payment can’t be gifted. I have a substantial amou...

Matthew Weirath Funding first rental
11 December 2024 | 6 replies

Ok, I'm really looking for advice and curious to see what others would do in my situation. I currently own my primary residence and have about 60k in equity. Another 74k in index funds and 10k cash. I've been trying t...

Account Closed Has your Proof Funds letter been greater than offer? Any problems
2 July 2018 | 7 replies

I'm trying to place an all-cash offer which requires a proof of funds letter.  My offer is less than the list price. My bank balance is greater than the list price.  My proof of funds letter will also confirm that I'm...

Brandon Elliott-Pandey When do you become a Private Lender
21 June 2024 | 11 replies

My question to you... when does it make sense to become a private lender?I have a client dying to get into RE but has no funds other than his HELOC with about $100K available rn. The interest on barrowed money is some...

Justin Leithem Portland rehab question--seeking sage advice!
28 May 2016 | 2 replies

Hey local Portland investors I have a question. I just closed today on a rehab project that I was intending to fix up and flip. I paid 150,000 for it and think that my $40,000 budget Will be sufficient to get it looki...

Marie Greene Newbee Needs Help Completing Wholesale
16 July 2014 | 4 replies

My husband and I buy, rehab and sell homes; however, we have a property under contract that has so much upside we should be able to easily wholesale it for a nice profit and still leave plenty of meat in it for the bu...

Kusum Chanrai Multi-Family in Tampa: How would you value it?
25 January 2017 | 3 replies

Hey friends! I'm a new investor (very green), and I'm thinking about putting an offer on the following property. It seems quite "safe", albeit with minimal value add. 1) Any advice how to determine the value of your f...

Bryan Hancock "Bring To Date" Termination and Reconveyance Agreement
22 December 2010 | 1 reply

So I am working a deal where the lender didn't give sufficient notice at auction at the beginning of the month this month. The buyer at the auction signed a Termination and Reconveyance Agreement when we threatened a...

Antony Bhavuk Long term contract
19 January 2016 | 4 replies

Hi friends,I have an offer for the list price. But can close only in June 2016. Since the buyer paid a deposit for six months. He will loose $6000. Can I take this offer?

Chris Penny Hard money lending for down payment of an investment duplex
15 February 2018 | 4 replies

Can I borrow hard money for down payment of an investment duplex? Due to my financial condition, I need to put 30% down for this duplex and I don't have enough. My friends (relatives) can lend me money (as "gift") but...