Brandon Sturgill
Security for Secondary Lender on Purchase Money Mortgage
I would like to secure small scale loans for acquiring properties through a purchase money mortgage, but don't have the understanding on how to provide security to an investor...For example:Duplex purchased: $100,000I...
Benjamin Benomar
Commercial Property with Residential Mortgage
Is it common for mortgages to have restrictions on another use on the land?A little background... my partner purchased a quadplex on commercial c-3 zoning in historic neighborhood, Atlanta, GA using a residential loan...
Account Closed
How many properites can you purchse under an LLC?
How many properites can you purchse under an LLC?Will you have trouble getting loans after 10 proprties? The same as an individual?I am looking down the line for a future partnership and this came to mind.
Mark Cohen
1st position
Hi everyone, I am refi cashing out 1 property to purchase another 2. I don't qualify for a mortgage yet so after much searching I found a private lender via craigslist who would give me what I think is a decent rate. ...
David Kim
Is the seller's bank entitled to more than remaining loan amount?
Hello,I'm working on purchasing a commercial property, and I have a concern about the seller's situation.Suppose Person 'B' (for buyer) is working with 'S' (seller) to purchase a commercial property 'P1'.They agree on...
Brandon Zurek
Financing Multiple Properties in One Deal
Hey BP community! I came across a promising opportunity on a duplex a couple days ago and I have an offer pending. I think we would be well on our way to closing on that duplex but the owner has 3 other duplexes in ...
Daniel Kent
Taking a loan from an LLC partner
Hi all and Happy New Year!Hopefully this isn’t too confusing....My partner and I own a single family rental in an LLC. Let’s call this property 1. He has 75% equity and I have 25% equity, as we both contributed capi...
Moe Khan
Selling land in the Bay Area, CA and using money for BRRRR.
Hello BP Community,
I live in the Bay Area, CA and own a couple of rental properties. A couple of years back I bought a 0.5 acre land with cash for Multi-family construction. At this point in time, I am trying to fig...
Tyler McDonald
Taking second position when lending out private money
Hey all! I've got a chance to lend to someone for a rehab project. They would like to use a different property (a well performing STR) as the collateral due to the renovation project being a rental property that is o...
Nate Miller
Leveraging Commercial RE to Buy More
Hello everyone! I bought a commercial building back in fall 2021 and I have a good amount of equity in it. That is the only building I own currently, but I would like to get some ideas on how to leverage the property ...