Charlene Kingsnorth
Private Lender Loan Servicing Software Fees
We are Private Money Mortgage Lenders. We use a loan servicing software that has a monthly subscription. What are options for having our investors pay their share of this monthly fee? Thanks for any input.
Niv Nissim
How can I vet private lenders?
Hi, I’m getting to my email or seeing on Facebook groups some private lenders that are marketing themselves.It’s my first time to use private lender and wondering how can I vet them?How can I know that it is not a sca...
Suzi Curtis
Is Hard Lending a small business with deductions?
Hi,Helping my father here.....He was a Hard Money Lender (private lender) and is now being audited by the IRS. The IRS is saying his business is not a small business, that he must have a license and he cannot take de...
Steve Lee
How to approach banks for purchase & rehab loan for brrrr
Hi all, I'm currently researching and analyzing fixers to kickstart my first brrrr and planning to talk to local banks/credit unions about getting a loan for the purchase and rehab costs. As a new investor, I guess I'...
Timothy Douglas
Private Lending Mechanics
When do private lenders actually get paid? Say I want to buy a house that's worth 45000 to buy and hold. I need a 9000 dollar down payment. Let's say I get that from a private lender. When would they actually get that...
Dan Williams
Are banking relationships important? or does it mean you are over leveraged
Hello All,Background - I own 13 SFH all with conventional mortgages. - Currently, our LTV across all properties is 40%. - No experience with portfolio loans or commercial lending, educational awareness from...
Pat Mulligan
Why am I having such a hard time with HM lenders? Unrealistic?
I have a property under contract and have been working with a loan broker FOR OVER A MONTH! I'm in clear danger of the seller's patience running out. Was told we "passed" the lender's test: 730 Credit scores, ple...
Matthew Duprey
Trying to get started in Real Estate
Good Morning, My name is Matt and I'm making this my first post in the hopes that someone can help, or lead me in the correct direction. I have been fixing and updating my own house and family members houses for 4 yea...
Sherrie Tullsen-Chin
Getting started in private lending
Hi Everyone! I am seeking to launch a small private lending business. I have limited capital to lend out so in addition to using some of my own capital I'm considering opening a business checking account and applying ...
Leslie Robertson
Entrepreneur Wanting to Start A DayCare
I want to start off by saying any advice would be greatly appreciated!Where to start; I have a very specific location in mind to start a daycare because the need is guaranteed business.There is a current property for ...