Bret McKee
Buy a Pre-Foreclosure from a friend, or give a Personal Loan??
I have a friend who's home is currently in pre-forclosure status (caused by a lengthy identity theft situation). I would like to help him get out from under the mess by relieving some financial stress, and allow him ...
James Gilstrap
I attain the Loan and the Deal, another person funds the Down
Hello BP Fam, I am rather new to investing, especially in the rental space. I have dome several Flips, but now moving to CF rentals. Deal Details:I have a deal that is $126K Purchase Price, I am approved for the Loan ...
Ed Kowalchuk
Bank loan:25% down using a new LLC with a personal guarantee?
I am returning as a real estate investor who sold my investment property held as individual 20 years ago. So this is like starting over for me again under different circumstances. Since I now have significant outside ...
Tom Degroodt
Using SD-401(k) loan for personal home and taxes on distributions
My wife and I are planning to set up a SD-401(k). With all of the changes in both the CARES act and with Covid I have some questions about getting a loan from the plan for primary residence.We are planning on purchas...
Laura Levine
Need a personal loan in NJ for construction on a 2-family
Hi Everyone,My husband and I just bought a 2 family house and we don't have enough equity for a HELOC, so now we are looking for a personal loan to do some construction. We are looking for recommendations for lender...
Tip Lee
? on doing a deal with 3 parties but loan under one person
Hi everyone,
I have a question regarding doing a deal with 2 partners. Here's the scenario. 3 partners, equal shares, buying an investment property. All 3 will be on title, but the loan will only be under one person...
Joan MacDonald
Current co-owner in personal name needs LLC-held loan for buyout
Attn: I don't need a lender because I already have one. This post is only about the strategy of moving a 50/50-held personal asset to an LLC-held asset, including a mortgage. The purposes are to buy out my partner + h...
Jason Malabute
should you take a personal loan to invest in someone else's deal
I have heard several people ask if it is good to get a personal or business loan to invest in somebody’s syndication deal. Even if you are investing with a trustworthy syndicator, I will explain why taking a loan to i...
Jake Walroth
AMEX offered me 25k personal loan at 8.98%- how to best use
So I was logging onto my AMEX Account to pay my bills, and I got a pop-up saying you're pre-approved for a 25k personal loan at 8.98%. They also said this wouldn't go on my credit score. I usually spend about 3-5k wit...
Jason Smith
Help! My Rentals are keeping me from getting a personal home loan
Hey guys, The banks are telling me that they can not loan to me for a personal home because of my Debt to Income is to high for their underwriting. I have been working to build my rental portfolio for the last few yea...