Hey all! So I’m trying to close on my first fix and flip property. After weeks of getting the run around from a previous lender, my title company and myself decided I needed to seek lending elsewhere. I had posted on ...
Very newbie question. I have a borrower who is a member of our local REIA, that needs $50,000. I want to make sure I understand the process of being a private lender. I have my lawyer draw up a mortgage and promissory...
After finding an HML that will lend where your prospect house is (most will only lend in major metro areas or have steeper rates if they do lend outside metro areas), I would ask these questions:
Are you a direct len...
Does anyone know of any "name brand" companies that offer Individual 401Ks with a Loan option.I know eTrades. TD Ameritrade has an Individual 401K offering but no loan options.Everyone else I have found on the Inter...
I know that DnB has something to do with business credit, however, when I called them to ask how I was doing on my business credit, they said they had no records, and it will cost me a thousand dollars to start the pr...
Hello!We are looking to refinance two of our industrial buildings and we are considering using a broker who works with life insurance companies. The terms are very good - 15 year fixed (almost unheard of for these typ...
Hello!I’m looking for creditable private/hard money lending options.Can I get some recommendations.Thank you!-Justin
In Florida, I know that both a mortgage and note are recorded by the Lender with the Clerk of the Court, but where/how are the points (origination fee) addressed? The notes that I've seen in court records only have t...
Hi BP community, I'm on my second rental property with another in the pipeline and I've learned so much from the BP community. Thank you to all of you who take the time here to share their knowledge and experience wi...
Hey guys there is a company here in Atlanta that gives out loans to landlords and here are the specifics. I would like to know if this could be something good to get into as a first time investor? The company is call...