Jerry Limber
Are these New Lender Fees Legitimate?
Hello all, I am a long time lurker but first time poster in the middle of my first real estate investment deal. I am purchasing a SFR in Florida with 20% down through conventional financing. I found my lender throug...
Jimmy Alexander
DUE ON SALE INSURANCE
So I was listening to BP podcast on my way to work yesterday and heard Pace Morby mention Due on Sale clause insurance. Ive searched the web over the last 2 days and cant find any companies that offer this. Has anyone...
Angela Raab
Mortgage company question
Hi, our mortgage company changed hands on Nov. 17, 2017, we had our loan since 2013 with another mortgage company.. we recently applied for an sba loan and were approved then find out the loan cant go through because...
Account Closed
Analyzing a 5 Unit Rental
Good Afternoon!I've been looking at a bunch properties and i think i've finally found one that would be a good first investment and i was wondering if the community at BP could help me out at all?It's a 3 story, 5 uni...
Bryan Hartlen
Property sold subject to (through a title company)??
Wondering if this is common and what we should be wary of as the note holder...
- We originated a note on a property (in Brazil, IN; Clay County in case that matters). We went through a local title company for the c...
Kyle J.
Can private lenders get an ALTA title policy?
Do any escrow officers, title professionals or private lenders happen to know if a private lender can obtain an ALTA title policy (lender's policy)? I'm in the process of doing my first loan (as a private lender) an...
Nick L.
Lender wants me to transfer title in and out of my name for loan
I was referred to a mortgage broker for a re-fi on a rental property that I own (refinancing out my private lender in to long term financing). Long story short, late in the game, the mortgage broker has informed me I ...
Account Closed
Life insurance companies are looking for the following types of..
...commercial loans:The commercial loan must be secured by one of these four major groups - (1) Multifamily; (2) Office; (3) Retail; (4) Industrial.The property should be either brand new or in pristine condition.The...
Adriana Rego
Scammed by a Private Lender
Public Service Announcement I was scammed by a company called Xplicit Home Loan they offered me a loan of $280K for an investment property I was looking into. They claimed to be a private money lender. After sending t...
Coley Benson
Found a private lender, but have some questions about timing
I found someone that wants to lend me money, but he is a first time lender and I am a first time private money borrower. We have agreed on the terms of the loan and everyone is happy. I have an attorney helping with ...