Account Closed
"Secured loan" aka borrowing against my own money? Any use in RE?
I recently deposited a large title company check at my friendly local credit union, proceeds from a recent sale. My model is BRRRR, so I will be hunting for another distressed asset to rehab, and that money will be t...
Account Closed
Defaulting borrowers living in houses in foreclosure - how long in your state?
CA foreclosure used to be what I considered relatively quick. A non judicial foreclosure here, if done correctly without frivolous push back is 4 months. Now there is a 4 month default period required by the CFPB reg...
Bert Chen
Do I need a W-2 if I have a co-borrower
Hi everyone,I understand that I would not need a W-2 if I have a co-signer, but is that the same for if I had a co-borrow? I have other sources of income but do not have a full time salary job.
Michael Rhodes
Looking for best HELOC terms and rate to borrow on existing renta
I am 38, married, and have 1 rental home. It was my primary until 2016 when we moved to a bigger house and started renting this home out.I'd like a 2nd rental property, eventually 4-5 is my target. I'm an engineer f...
Maximo Dejesus
Possible subto with a deceased borrower on loan. Can this be done?
Pre foreclosure lead in Orlando. Original owner passed away about 3 yrs ago. Daughter now lives on property. Currently has an open case w/bank. Siblings have passed away and based on what she told me there is just one...
Ate Etim-Edet
question on HUDS "Borrower's Contract with Respect to Hotel and Transient Us"
Hello BP family,I recently purchased my first triplex here in NE DC. I'm staying in one of the units, the other ones already came with tenants. Of course I used an FHA loan to close the deal. My question is a signed a...
Valerie S.
If you borrow for down payment how do you pay it back?
Hi everyone, I have super newbie questions! If you're borrowing private money for a down payment, what's the best way to pay them back? Do you add it on as an extra monthly cost or is there a better way?
Hans Restuccia
HML's and construction loan borrowers- What is required prior to last draw?
What are you seeing in the industry on HM Loans as to the requirements to get the last draw- Final CO? What else?
Danny N.
Have 8 rental properties paid off, best way to borrow for more?
Hello, I have 3 properties that I've owned for 3 years and recently added a package of 5 that gave me 8 total. They're all paid off and the value is give or take $400-450k. The total rents generated will be $6300/mont...
Corey Dutton
Private Lender - Tap Commercial - ‘Taps Out’ Another Borrower By Taking Upfront Fees
I posted this discussion recently and had a lot of borrowers and brokers comment about this group out of Nevada having taken so many of them on collecting upfront fees with the promise of providing a loan. For this re...