Torrey Brandt
7.5mm Refi Loan in NV with VERY strong borrower but...
I have a refi loan with a VERY strong borrower, VERY strong income-producing business, low LTV on the loan but it has one hiccup. It is a brothel in NV....This is an exceptional lending opportunity and looking for a ...
Blair Syme
Sell, or borrow against home to purchase 2nd investment prop?
Hello all! I am fortunate enough to have one of those good problems on my hands and would love any advice or feedback I can possibly get...please forgive my neediness/density as I'm new at this and I've had quite ...
Kyle Z.
Uncle wants to borrow from me, what are my risks??
Heres a quick run-down of the situation.My uncle wants to borrow 65k from me (for a flip) from a line of credit I have. I don't love the idea but I will be away with the military for a couple months so I won't be doi...
Sushil Sureka
Lending with no borrower money - Would you do this deal
I wanted to get your opinion on a financing situation where borrower/buyer is looking to finance at 65% LTV - value is under 300K.The seller is willing to finance/note for 40% of the money at 2nd lien position. We wo...
Jon Binder
Personal/Solo LLC Taxation - Borrowing from Self-Directed 401(k)
Hello,I must begin by saying.....WOW! What a community here on BP! I stumbled onto this site from a Google search for a question that I had and was instantly hooked! So, thank you all for the education thus far.My que...
Don Konipol
Great Quotes I’ve Heard From Real Estate Borrowers in Court
Great Quotes I’ve Heard From Real Estate Borrowers in Court
10. Yes, I did sell the property. But not all the way.
9. I did pay the mortgage. But when the check came back in the mail I spent the money on something e...
Josh Thomas
Tips on calling new borrower's NPN, intro, workouts, phone script
I recently bought my first NPN, of which is only behind two months and back taxes. I'd like to get involved by calling the borrower to introduce myself and get a feel for their intentions before taking legal action. I...
Account Closed
Unsecured borrowing to create cash for investment property Y/N?
I talk to a lot of people and many of my clients have a nice size net worth but very little of it is liquid. A referral partner introduced me to a consultant who has relationships with banks for the sole purpose of u...
Kevin Trumbull
Note for sale saying 'Borrower signed A Deed In Lieu'
Forgive my n00b question, still learning the note business. I'm seeing some 1st notes for sale where the seller says 'Borrow signed A Deed In Lieu'. What exactly does that mean for the note? Doesn't that mean the n...
Asif I.
Are you borrower with Renovo and having difficulties paying off
Hi, I have an investor friend of mine who is having difficulty paying-off his loan with Renovo. They are charging him 24% interest rate as he is in a default. I wanted to see if there are folks here who may have explo...