Megan Naioti
When to Record A Note on the Real Estate Record
I am working with a private investor to fund a cash offer on a property. I am going to sign a promissory note with the investor and secure it by the property. Do I also need to file a deed to secure debt on the real e...
Christopher Reynolds
Using my 401k to purchase real estate? Who to contact?
Hello everyone! I have a 401k with a company I work for. Although my career used to be with this company, I have started a contracting business in the last few years. However, I am still employed by this company on...
Ryan Ellis
In search of examples of private lending loan paperwork.
Getting ready to borrow money from a private lender. Private lender wants me to draw the paperwork up and send to him. Does anyone have a good example of what to use? 20k loan on a 26k rental property.Thank you!Ryan
Account Closed
finding out who holds the mortgage?
Id like to help pay off a friend of mines mortgage without them finding out... Im into anonymous charity. plus they have refused me just giving them the money in the past. how would I go about finding out who holds th...
Jahan Habib
Self Directed IRA + FHA/HUD Multifamily Financing
I am looking for some advice from SD IRA and HUD/FHA Multifamily financing experts here. I am interested in a 8 unit multi-family (7 residential + 1 commercial units) in Rhode Island. I would like to set up an SD IRA ...
Maria Luna
A mortgage for less then 100k
Help investors!!
Can somebody tell me of any bank or mortgage company that would give me a mortgage loan on a property that is around $60k
Jim Workman
My first loan to a property purchaser
I offered to make a short-term loan from my SDIRA to a friend who is buying a property in St Louis. Neither of us has ever done this before so we would like to know the correct way to set up the contract. Should w...
J. Pablo Fernández
I called the bank to get a mortgage, it was an odd experience
Hello,
I have a company, an LLC, that has owned a property for 5 years, which has been cashflowing for 5 years, and appreciated in value a lot during that time. I was using Bank of America as my bank, so they can see...
Marc Izquierdo
Any advice for lending from an SDIRA?
Hi everyone,
I have a private lender lined up who will be lending (unsecured) to me from their SDIRA (checkbook controlled IRA). I'm just a bit confused about how to get the ball rolling. It is as simple as finding...
Michael Davidov
Lender requesting a ton of docs
I'm in the process of doing cash out refi's on 2 rental properties. One is with a portfolio lender, the other is with a Fannie Mae lender. I applied with both using only my W2 income which is sufficient to support...