Kim Gough
Clarifying a Dodd Frank issue
I was hoping someone could clarify a Dodd Frank issue for me. I am working with a CEO of a company who is purchasing a residential property as a company investment and corporate headquarters. The company is a well est...
Javis Ray
Is getting both licenses a "No Brainer?"
Hey All!Is it a no brainer for agents to also get an MLO? I'm biased because I work for a company that helps agents do just that, and this is not a pitch (I'll not mention my company name at all,) it's a genuine ask f...
Kevin Wong
Need title & loan servicing recommendations for seller financing
I have a potential multifamily deal in Los Angeles with the seller willing to finance. High level, I understand how the seller financing works, but dont know the granular stuff of how to get it into an agreement and s...
Alexander Levit
do loan officers keep the 2% commission or is it like R/E
Do Loan Officers keep the full 2% of the mortgage loan or do they have to split it? In real estate I know the 6%-5% is split between both sides of sale (sellers/buyers) and then the remaining amount is split with the ...
Ed Nunno
deferred loans
my girlfriend has a school loan in which the payments have been deferred. do they (banks) give personal loans were you can defer payment ?
Matthew Schmitz
Do you have to own a property free and clear to put it in a LLC?
Hi everyone, my question is can I have a mortgage on a property and transfer it into a LLC, or does it need to be paid off first, and also I have been told banks wont lend to a LLC if you try to buy a single family ho...
Billy Bob
What are potential issues with private money lenders?
I'm considering using a PML and putting up a rental property I own out-right to buy another investment property for cash. It would be a 50% LTV. The lender would be the mortgage holder on the Deed on the propert...
Khoa Ha
Seller Financing, Loan Servicing, and Cost
Hi BP,I have a question regarding seller financing. So we have a property that the potential buyer wanted us to carryback 50%. We contacted our escrow company and they say they can process the loan application through...
Mike H.
I HAVE TO VENT!!!!
Holy cow. This is just one of those scenarios that I think only fellow BP members could truly appreciate the nonsense. And it was something that I'm absolutely on fire about. It was either vent here or lose my mind. ...
Julie Doke
Title Insurance requiring survey
Our company is a LLC the lender wants a commercial endorsement (Is there a way around this??) so the title company is requiring a survey (is this required by law? )We have waited two months for a closing (tomorrow) a...