Joshua Slatton
How to use this $400,000 unit?
Hello everyone, i am posting in hopes that someone will be able to assist. My father and i are both owners of 1 unit. He owns his outright. We are trying to use his property with a heloc; however, his financial situat...
Daniel Tisdale
BHG Financial Review
Hi,I have received an offer from BHG Financial for a loan of $155K with around a 15% interest rate to be paid back over 10 years. This would not be reported to my personal credit and I am looking at using the funds to...
Danny Webber
Why "Financial Freedom" is a myth and "Financial Health" should be your goal
People peddling "Financial Freedom" in the form of a course/class do not understand the term.The term "financial freedom" is often used to describe a state of being where an individual has enough wealth to live their ...
Marc Rose
Loans that don’t require personal guarantees
How successful have folks been borrowing in LLCs without personally guaranteeing the loans?For those who have done this, do lenders rely on financial statements of the LLC to get comfortable with not requiring a perso...
Scott Price
Lender taking annual personal credit reports on commercial loan!
Hi, I just ran into an unusual situation and was wondering what experience others have. I have had multiple commercial loans over the years, and many now require a fresh set of financial statements, rent rolls, etc. ...
Anna M.
CAN A BANK CALL GOOD/PERFORMING LOANS?
CAN A BANK CALL GOOD/PERFORMING LOANS?IF SO HOW DOES ONE PREVENT/PREPARE FOR THIS, OR CAN THEY?I have always thought that if I am current on my bank loans the bank would not want to call the loan or foreclose on the p...
Dan Maschmeier
Advice on a secured Loan
Hi, I have an opportunity to help out a friend and I want to know if I am risking too much. My friend owns a condo in San Francisco, worth around $900k. She says the total due on a primary and HELOC on it are about ...
Christian Sifuentes
Introduction Maryland market for new investor
My name is Christian Sifuentes. I am interested in learning about real estate markets, trends, etc. I am also interested in flipping properties and creating a decent revenue stream for my myself and my family.
Bradley Jernigan
Steps that helped me cash-out refinance twice within 2 years!
Successfully cashing out refinance a 26-unit multifamily apartment complex requires careful planning and execution. Here are the essential steps to guide you through the process:
1. Property Assessment: Begin by eval...
Wendy Carpenter
Quarterly Financial Report for Bank?
I have a new(ish) commercial loan on a mini storage facility. I saw in my loan docs that I'm supposed to submit quarterly financial reports to them.Can someone help me figure out how to structure my report or what the...