George Dean
Don Konipol
I thought this needed its own post:
Don said in a post...: thanks Don for your expert input on BP.
"The notes secured by owner occupied property have many strings attached, laws, regulations, etc. most far reaching...
Chris Mason
Oh yeah, the "Due on Sale" clause is now LLC-friendly, sometimes
Totally meant to post this like a year ago. On page 292 of the document, which is page 309 of the PDF. That link is to the servicing guide for Fannie Mae loans that was updated on 11/8/2017, so the page number and inf...
Alberto Stein Rios
Pulling Credit
Hello, I am wondering if anyone out there knows of a service that will pull credit on my borrower. I am working on my first note deal and would like to pull credit on them. As the second liendholder, I believe I do n...
Eric Boshart
DSCR Lender for Senior Care Facility?
Hi BP Community, I just got a senior care facility just south of Fort Worth under contract and am looking for a DSCR lender who can help with the purchase. It generates solid cash flow that can more than cover the deb...
Tim Mcbee
Assumption with a unpaid balance
I was driving for dollars recently when I found a great opportunity for a rental.After a week of search and calls I found the home owner. He attempted to put the home under bankruptcy about 2 years ago and it "fell ou...
Alexa K.
Will I Have a Problem Refinancing after Buying Cash?
Hi all! I'm finally ready to make the leap and purchase my first buy-and-hold rental property. I've recently found one that I like a lot, however they want cash for it. While I have about half the cash on hand, I'd li...
Clifford Firthh
Seller carryback 1st position note - Holder will not give a payoff amount
Looking for advice on a property I'm working on. Owner had left the property about a year ago to take care of a sick relative and squatters took over the property and they haven't been able to return. They have tried ...
Robert Cummins
does a retirement loan count in my debt to income ratio
Hello my question is will a Civil Service retirement loan be counted in my income to debt retio...it will not be on my credit report and when I retire I will no longer be required to make the monthly payments because ...
Eric Villafana
Thinking of a TSP Loan to fund Flip Down Payment
Good evening. Has anyone used a loan against their 401K or Thrift Savings Plan (TSP is 401K for government and military) as a down payment toward a Flip. TSP will allow a loan against your balance with a 2% interest r...
Ows News
Impossible to Succeed
I think it is impossible to succeed in Bankruptcy Auction. The banks agent will always bid what the loan value that the bank is currently on the hook for. Has anyone been able to go to an auction and ACTUALLY made mon...