Justin Franklin
Private Lending - Verification
How do you verify whether a private lender is legit? Alot of the ones I've connected with have no website, and an origination fee which makes me think it's a scam for the 1% fee. I'm also very skeptical by nature...ju...
Joe Gracyalny
Bank Wants To Stop Lending @ 5 deals
Hey There BP Community!My brother and I have some construction loans on new properties coming up on closing. We have been trying to move aggressively with our purchase rate and have 10 properties. Some purchased and...
David Martin
Bank said I need assets to qualify for Mortgage...
I've applied for a sub40K mortgage and my credit union is asking for a list of assets available such as a retirement account or accounts with other financial institutions. They have hinted that they may not be able t...
Robin Boyer
Considering Multi Family For The First Time.
Hello everyone I have been a bigger pocket member for a few years on and off and I've always love the thought of getting inyo real estate fixing property and making them look nice again and seeing something good come ...
Brandie Flowers-warren
Need advise on my real estate properties
I currently own several properties in Ohio. I'm considering selling them, what is the best way to approach this?
Ray Li
Private Lending in SDIRA: Traditional vs Roth?
I'm considering setting up SDIRA LLC for doing private lending. Seems like that's the best way to invest that while avoid UBIT.My IRA money is in a traditional IRA right now. I know the main decision factor between le...
Corey Dutton
Private Money Lenders and Small Lenders Fight Unfair Compliance
The Consumer Financial Protection Bureau (CFPB) was another offspring from the Dodd Frank Act, a legislation that is well-hated among mortgage professionals in America. These new controls under the CFPB have put unne...
Mike Wallace
Help me understand the approval process of a multi fam loan
I own a 4plex and want to move up to a 10+ unit building.
I have great credit and 2 years professionally prepared tax returns earning 75k+
Can the expected revenue of the property that I want to purchas...
Timothy OConnor
DSCR Lenders willing to take a second position
Good Evening BP members, I am looking to take equity out of a very strong performing long term rental. I want to use a DSCR loan, but I see many DSCR lenders are not willing to take a second position when underwriting...
Bryan Hancock
Is There Value In Having So Many Intermediaries Between Borrowers and The Secondary Market For Mortgages?
Fannie and Freddie are obviously doing a terrible job of assessing risk for borrowers with their mounds of prescribed paperwork. Apparently the Danes allow borrowers to access loans via the secondary market directly w...