Benjamin Lovinger
Lending for Auctions
Hi All Long time follower, first time poster. Looking for some ideas for financing for local sheriff foreclosure sales and Auction.com sales. I have had success purchasing properties through the foreclosure auctions...
Account Closed
Vehicle to Secure Private Money with friend?
How are you securing private money with friends, family or coworkers? In this case it is an old client of mine who has become a friend and has some money sitting around doing nothing. We have a solid trusting relation...
Chris Mackinlay
First Mobile Home Prospect
I am looking at buying a mobile home here in the area and owner financing it to someone else...
As I think about it, I have a difficult time conceptualizing the paper trails. I know I need a Promissory Note, a Truth ...
Bobby Sharp
Advice needed for first deal
I’m relatively new to RE, but a friend of mine has given me the opportunity to buy 10 of his houses, all tenanted, owner financed, zero $ down, cash flowing between 200-500 each, all I have to do is pay closing cost (...
Joan Brown
HELOC for down payment, Conventional Loan for remainder?
If I have equity in my home and get a HELOC, would I have to use the equity to purchase one investment property outright? I would like to be able to cover several down payments using the HELOC and then get conventiona...
Brian Erlich
What is the process of going through probate like?
I have an estate home under contract at a price that doesn't cover all of the claims. There are 2 FIFA Liens on the property, several unsecured claims, and the home is in foreclosure. I assume we need to go through...
David Beard
Rental Property Tax Questions
OK, tax pros, please answer these scenarios for a buy-and-hold investor that materially participates in their rental activities:
1) You draw down on your personal residence HELOC to finance a rental property. You d...
Matthew Law
Using a personal loan to purchase real estate
I was hoping to find someone else who has done this, but I haven't seen any posts.
I'm buying a cheap property to fix and hold, maybe BRRRR in the end. I'm still waiting on quotes from contractors, but the initial c...
Sam Burnoski
Using loan for 20% down payment- Will I be approved for mortgage?
Here's my situation: I want to buy an investment property at 20% down (which would be $10k-11k).I can get a loan for the down payment (talked with a credit union already). If I choose 5 years for repayment of this loa...
Whitney Michelle Buckley
How to get my question answered?
Have asked questions about financial but no one seems to answer my question. Please can someone help me on my question.