Ryan Moore
How to compare closing cost w/ different lenders
So with refinancing my rental, I'm finding it easy to compare the simple stuff: rate, points, ltv. Next level stuff for me will be the closing cost. Some lenders have provided me a complete list (see image below). ...
Sam Valme
How to unlock a HELOC
Hello BP Team! We were planning on purchasing our first rental in Feb of next year. Instead we are thinking about requesting the current owner open a HELOC on the home. They current have about ~275k in equity. We coul...
Mike Hartzog
Escrow Agent for Note Sales
I am planning to begin selling performing notes to folks who need income investments and would like to have a 3rd party escrow agent who knows notes and can handle the escrow and closing process. This would include t...
Account Closed
How do i record a loan payment in Quickbooks?
As a note holder, when I receive a note payment from my loan servicing company it is net the borrowers loan payment minus the loan servicing fee. How do I record this in Quickbooks?
Example, the loan payment is $100...
Jeremy Tillotson
Why is Everyone Using Transnational Funding You Dont Need IT
Okay first I am writing this in response to a few post I have read. Secondly you must read this post all the way through, and most important I am not a attorney nor giving legal advice. I hear about transnational fund...
Will F.
Hard to refinance a simple owner occupied loan
I'm trying to help a family member who's a real estate investor and physician. He makes plenty of hundreds of thousands of dollars as the W2s and tax returns show to cover this simple loan. They simply want to d...
Anja Brey
Mortgage notes
Hi BP, I am looking for company recommendations to invest into mortgage notes. I am not an accredited investor. Ideally, I am looking for shorter commitments, from maybe 6 months to maximum 2 years for the loan. Does ...
Himanish Gupta
Can someone tell if this is private money is legit or not?
Here is a private money lender who approached me at a very cheap interest rate, Can someone tell me if it is legit or not?
https://clearedfundsllc.online/#
Marco Grier
(HELP) Quicken Loans Did Not Get Lien Release From Previous Owner
I found out this week (when I was about to sell) that a home I financed with Quicken Loans 5 years still has the lien from the previous owner. QL paid the person before getting a release and left it up them to just ge...
Account Closed
Dwelling straddles property line? Is this an issue?
I have a fourplex under contract. FIrst investment property. I found the property card for it and it has remark : "Dwelling straddles adjoining parcel"Is this something to worry about?Who do I contact about this?There...