Bob Malecki
Question on 2nd position npn in CA -- can I contact borrower?
Hi All,
I just purchased a nonperforming note in 2nd position on a nice home in Los Angeles. The first is performing and listed with Chase. There is equity in the property even with both the first and my seco...
Dan Fulghum
Has anyone in BP EVER borrowed this Private Money Lender Jesse??
Jesse Gerads who is a PRO Member here on BiggerPockets is offering to loan Private Money at terms that appear too good to be true. Has anyone here in BP EVER borrowed from him? I'm now communicating with him via e...
Cathy Li
Have non-occupant co borrowers as friends and low down payment
Hi BP,I am looking to buy a multifamily with two friends in San Diego. Have to get more people on it since the high price in SD. Here is our situation Friend 1: Main Borrower. No Primary residence so this multifamily ...
Jason Wutzke
What is the Best Way to Borrow from 457 Retirement Plan?
My Mom(63) has a 457 retirement plan that she would like to borrow $20,000 from with the intent of lending me the money so I can invest in my first real estate property. I want to make sure that the process is done co...
Peter Bronk
How to pay off borrowed downpayment when doing a 1031 exchange
I purchased a four unit building early this year. Part of the down payment was borrowed using a 2nd mortgage against another building, so my real equity is lower than the building value less the 1st mortgage. Financ...
Kevin Stembridge
How to borrow against my US properties as a non-resident?
Hi all,My wife and I live in the UK and we own a couple of properties in the US. Both of these properties are free and clear and are worth about $300K - $350K in total. My wife is a US citizen but I am not. I've been ...
Bret N.
Security Agreements for buying notes with funds borrowed from someone's IRA
This is my first go at borrowing funds from a lenders IRA to buy 2nd NP notes and for some reason the concept of using a note as collateral for a prom note is confusing me. I am sure I am over analyzing this.I am the...
Joe Houghton
Borrowing against a property I sold on a contract for deed
I am exploring my options for borrowing against a property that I am the legal title holder to. The buyers have been paying on time and have not missed a payment since the purchase closed on 7-26-21. They have actuall...
Kumar Gaurav
Is the cash in cash out refinance still a borrowed money?
Hello,I am trying to wrap my head around cash out refinance.Say if I bought a home couple of years ago for 750k and it has now appreciated to 950k based on appraisal and I have an equity of say 50k in the form of prin...
Jesse Kerr
Borrow from wealthy realtives or figure it out on my own?
I have a wealthy (and nice and often loans money to others) family member who I could potentially use for purchasing rental property. One of those - I would utilize them for the BRRR process. Would this just complet...