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...
Zachary Taylor
Can "borrower" use Section 8 housing vouchers to pay a note?
Hello BP,I bought my first NPN in NY State a few month ago. The borrower is deceased. No payments have been made for over a year.The heirs/relatives live in the home still. I have been communicating with them. They ar...
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...
Glenn N.
Hard money lender ,borrower moved his LLC to Delaware without notification.
My Borrower moved his company to Delaware making it an LLC there which makes me a bit worried that he might try something and try to get out of the loan by splitting the llc . Would it be advisable to move my LLC from...
Glenn N.
Hard money lender ,borrower moved his LLC to Delaware without notification.
My Borrower moved his company to Delaware making it an LLC there which makes me a bit worried that he might try something and try to get out of the loan by splitting the llc . Would it be advisable to move my LLC from...
Jonathan Chan
Thinking of becoming a private money lender? Vet your borrower properly!!
If you're interested in adding real estate lends as another tool in your toolbox, these are the steps I've learned you should take to vet your borrower before looking at any of their opportunities!
Background checkCr...
Justin Smith
How does investing in an LLC effect your ability to borrow?
I'm a commercial real estate broker and investor. My current portfolio is a 3 unit apartment and 3 single family houses that all have debt on them. I'm currently qualified to buy a primary residence and am saving up t...
Ed Long
How Do You Decide If a Borrower Is a Good Fit?
When you’re deciding whether to lend to someone, what do you look at first? Is it their credit score, their track record with loans, or the investment they’re trying to fund? Do you rely more on the deal itself or the...
Alex Cottman
Should I borrow from my 401K to do my rehab doing BRRRR
Should I borrow from my 401K to do my rehab doing the BRRRR strategy.