James Boreno
Possible to add a co-borrower on a 1031 exchange?
Hello, I own a plot of land that's valued at around $95K - I want to sell this plot of land and use the 1031 proceeds as a down payment towards another investment property. The problem is I wouldn't qualify for a conv...
Joshua Larivaux
Borrow less than approved and take difference to reno house?
Hi everyone, My question is exactly as the title suggests. Is it possible to get a loan from a bank and 1. buy an off-market home for less than we're approved and 2. take the difference and immediately start a renovat...
Charles Roberson
What's the best rate for prime borrowers on commercial loans?
I'm looking to refinance some of my great performing commercial loans, They have been performing well for years without one missed or late payment even through the pandemic. My credit score range from 800 to 830. W...
Account Closed
How Does Lending Work? Are there limits for borrow amount?
Is there a limit as to how much money one can borrow for real estate? For example, if someone has dozens of properties, and they are all at a 10 cap for example, would banks keep giving the person more money to invest...
Shaun Marks
CAN I BORROW ON RAW LAND to build a building ???
im working on a deal that is a seller financing deal on the dirt contract for deed 3% interest rate !! will a bank lend on cost to build a commercial building only seller financing rate is great will a bank lend on ju...
Jillyan MacMorris
Can I Bring Borrowed Money into a Joint Venture Deal?
I have been invited to JV on an investment property using a DSCR loan, but I don't have enough cash on hand. Can I borrow money for the down payment and use it for the JV? If so, how would I need to structure the JV a...
Alice C.
I am a private money lender. Borrower keeps filing bankruptcy
Hello experts,I lent money to a borrower to buy a property in Chicago. But he stopped interest payments after few months and didn't pay anything after loan maturity. I then engaged an attorney to proceed with foreclo...
Sanjay Patel
Foreclosing on a LLC borrower who has filed for bankruptcy?
The scenario is the following:as a private lender, I have a 1st lien on a property (in washington dc) to a borrower who is an LLC - and unable to make payments. I am going thru the non-judicial foreclosure process to...
Taylor Green
What repercussions does borrower have if foreclosed on by private
Hi,
I was wondering what the repercussions were for a fix and flipper (borrower) if they were to default on payments and get foreclosed on by their private money lender.
If the foreclosure process wer...
Erik Zimerman
Second Position Notes with Large equity & High FICO Borrower.
Greetings all. We own a portfolio of homes in the Miami area (Surfside, Miami Beach, Bay Harbour...). These are mostly new construction homes with a first position and plenty of equity. Values from $4 to $15 million e...