Bryan Normal
Is this Hard Money Lender a scam or not?
First time vetting hard money lenders for a flip I have under contract but not closed yet. One potential lender has attractive terms (8%, 2 points, 100% financed, no prepay penalty), but on the phone he has very spott...
Tiara Murray
What is Hard Money Lending?
Well I know the basics of hard money lending, my question is, how does the investor receive the financing, does the lender cut a check and give it straight to the investor, or do they give it to the seller of the prop...
Marcus Maloney
ALLIED LOAN SERVICING RECOMMENDATIONS
I am doing seller financing on a property I own and my attorney recommended Allied Servicing Corporation out of Spokane Valley, WA. Is anyone familiar with their services or have used their loan servicing before. In ...
Wesley Thompson
First Subject - To and Wholesale Deal
I recently locked up my first subject - to deal which I wholesaled to another buyer. Really excited as creative situations is where I'm looking to build my credentials and skills.Property Value: $220,000 - $230,000Loa...
Michinori Kaneko
Self-directed IRA geared towards money lending
Hi BP Community,I have a pretty significant amount of 401k from my prior employers invested in mutual funds, but thinking about moving it into a self-directed IRA and lending out the money from it instead. I wanted t...
Account Closed
Startup with a new type of home equity loan?
A few weeks ago I received a flyer in the mail from a company that offered a new type of equity loan. The loans are for up to $50-100k I believe. They collect 0 interest and require 0 monthly payments from the borrowe...
Zarine D.
Tax Deed Purchase - No Title Insurance Available - Financing?
There are two parcels I want to bid on for at a tax deed sale, but there is a major issue. In the past few years all of our title companies in Hawaii have changed their policies where they will not issue any policies ...
Ryan Dunn
Unexpected Rate Increase on BRRRR Loan – Is This Normal?
Hi,
I have two BRRRR loans with Fixated Funding, both starting and closing on the same day. One loan was locked at 6.9%, the other at 7.1%. However, I just received the closing docs, and the rate on the 6.9% loan has...
Benjamin Ervin
Considering a House Hack
I am considering buying a live-in flip in Florida with the intent to buy, rehab, live-in and sell. To avoid tying up cash I can leverage for other flips, I am contemplating financing the live-in. I am hoping there a...
Derek T.
Advice on These HMLs
Okay so I am building my team and I am looking for a HML to go with in the state of MD. I am looking to buy/rehab/hold properties. I am trying to buy at 55%-65% of ARV, rehab properites that require less than $40,00...