Juan Ayala
Business Line of Credit
I’m looking to get a business LOC and would like to know what people think about transferring the deed to a property into the business; would this be beneficial to the LOC approval?
Nick L.
Subject-to - seller paying the 2nd mortgage - what should contract look like?
Hi. I am working with a seller on a subject-to deal. Here is the info:
Owes 47k on first (payments = 387/mo PITI)
Owes 7k on second (payments = 90/mo PITI)
The seller has agreed to continue making the payments on ...
Bryan Price
Hard Money Loan Past Due (any red flags?!!!)
Hi All,I signed a promissory note secured by a single family home that a real estate investor intended to flip. The real estate investor has advertised on this site, and continues to advertise joint ventures and priva...
Cecil Russell
This has to be a doozy of an idea: Is this even Legal?
2 properties for sale in the same neighborhood. 1 is 45,000 the other is 49,000. Tax assessment of both is 10,000 lower that the asking price. The offer made is: He, (the owner) will sell both for &5,000 cash and...
Boyd Hunter
20% down Foreign National Loan ?
Hey BP members
I'm looking to finance a property in CA looking for a foreign national loan but hoping to put down 20% deposit if possible. From what I see most lenders like 30% down...
Thank you
Aroldo Villarreal
Bought with Cash, Sold with Owner Financing. Can I get cash out?
Hello!I bought a house for $22,500 with cash of my own (since I didn't find a private lender on time) and sold it for $55,000 as-is with owner financing. My plan, BEFORE I sold it was to get a private lender to lend m...
Nicholas Tortarolo
What is a reasonable discount fee for the sale of receivables with these terms?
Suppose I have $1,000,000 loaned to a dentist to finance his medical equipment (decent credit background). The payments are due monthly over 5 years (60 months). The monthly payment is $21,247.04 for the life of th...
Ellie Narie
Help! Do any lenders offer 100% financing for a 6-plex that I'm buying at 65% value?
I need help asap. Not sure which board to post this to. I'm under contract to buy a 6-plex at around 60%-65% of its actual market value. However, it was contingent on my other property selling, because I need that mon...
Aundre Oldacre
Equity from existing property for development
I'm looking to do a knock down a property I own and buy next door to building a 24 unit apartment building in Brooklyn. Will commercial lender allow me to use the equity from the 2 buildings towards my down payment. I...
Nate Lindquist
Portfolio Lender in Portland Oregon
Hey all,I'm looking for a portfolio lender in Portland that will allow me to use the equity in my current investment property to purchase additional investments. Any guidance or advice would be greatly appreciated.