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Was wondering if anyone can offer advice on structuring private money loans. I am new in REI and am currently seeking out my first deal. When that first deal finally does present itself, I want to be ready and move on...
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So an idea crossed my mind and I've done a little thinking about it. Wanted to see what the community's opinion is on it and if they feel it could be a good idea.General Info on my situation:Primary vehicle: No paymen...
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This post is meant for my accounting colleagues - an invitation to debate, basically.Let's consider scenarios.1. (clear) You buy a rental with a $100k loan. Two years later, you refi into a new $100k loan with better ...
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Hear me out.
Let's say part of your screening criteria is a minimum of 3x rent as income. In CA and some (all?) other states, you cannot discriminate based on source of income. That means if the prospective...
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Hello All. My name is Kristen and I am a 33 year old mother and wife. I am getting a late start in life, but I am now ready to take risks and boost any income to make my family and I more comfortable. I am extremely t...
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I know many don't really care about banking situation in our country. A couple sobering thoughts for those paying any attention.
1.http://www.digitaljournal.com/article/283688 FDIC lost money for first time since 1991...
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I live in a town where one side of the railroad tracks is "good" and the other is "bad". The majority of my town are renters and there is a fair amount of mobile homes. I'm a Dave Ramsey listener and he is totally ag...
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I’d like to share a story about a frustrating experience that lenders in the private money space experience all the time.
We are a private/hard money lender and we get a ton of requests from real estate investors and...
So today I found a "NOTICE OF TAX DEED SALE" on my front door. I rent a tiny 520 sq ft single family house in a horrible neighborhood -I mean the worst, however it's this house is Heaven to me. After the recession m...