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I am selling a house and a friend of mine is offering owner finance up to $133k. I sold the house for $142k. The buyer needs a $9k down payment but they only have half of it at closing and the other half 30 days after...
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In addition to a Cognovit Promissory Note, I have a Personal Guarantee from a borrower who has defaulted on a loan. I have already initiated foreclosure proceedings.
Does anyone have experience using a Personal Guar...
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I am getting some pushback on the idea of recourse vs. non recourse loans from a banker I'm just about to go with. My accountant told me not to take out a recourse loan, one that allows for deficiency judgments (th...
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I'm new to real-estate investing and I'm trying to understand the difference between the different forms of investing
I want to play this RE game for the long-term and have the portfolio benefit from appreciation, de...
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Today, I own a small real estate company (LLC partnership). It owns 1 property, which it rents, and has one mortgage against that property, which it pays. I personally guaranteed that loan based on my assets and incom...
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Looking for the best way to finance single family houses as college student rentals. 20-25% down payment is no problem, but my lender seems set on doing a commercial loan - shorter term, higher rate, much higher month...
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Hey BP,I'm considering investing with a group that does flips and they provide a corporate guarantee backed by both their liquid and non liquid assets on all investor funds that they accept.While I have some familiari...
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Hi All, I am trying to close on my first rental property. I have some concerns and could use your advice. The purchase price is 62,000. Rehab costs are 27,000. ARV is 130K. With some holding costs, closing costs, ect ...
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Hi everyone. For liability protection purposes I have the one SFH I own in an LLC. I’d like to start purchasing a few more, but would also want to hold those in an entity (LLC) to shield against personal liability f...
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I would like to find out how private/HM lenders verify the track record of a rehabber. Your help is highly appreciated!