Luke Grieshop
1st & 2nd Position Notes
Can someone, in layman's terms, describe the difference between a 'First position' note and 'Second position' note?
Micah McAlister
Wrap Mortgage for first time into real estate?
Hello all!
I just learned about the Wrap around mortgage. Is it too good to be true? I have been wanting to get into a real estate property and live in an expensive area ($300-400k average home) but came across a cou...
Robert Schwenkler
Managing liability (via LLCs) while using residential loans
Hi gang,
I'm just starting to look into/learn about commercial lending, and of course the terms on residential loans are typically better, sometimes by a large margin.
David Greene and other BP hosts talk about how ...
Brittany P.
A Dodd-Frank Question
Hi All,
Question for you pros, and maybe I'm thinking too deeply on this, but does Dodd-Frank (or its attendant regulations) set any restrictions on purchasing mortgage notes, or only on loan origination? What about...
Scott K.
Starting to put properties into LLCs, How to manage finances?
Hey folks,I own 4 long term rental properties in my name. 2 STR's in my name, and 1 additional one we are purchasing in an LLC.I've read that series LLCs are awesome, but don't exist in PA yet so that's not an option....
Jessie Niu
Advice PLEASE! Can't use gift money for investment property??
My mortgage broker just told me that I can't use gift money from my parents as down payment for investment property due to the rules from FHLMC and FNMA. What? I never knew this! The mortgage company can't give me the...
David Henriquez
serious question
okay i have property that inherited that is currently in pre foreclosure.i'm not planning on going through probate or anything like that (i dont qualify for a mortgage).so i was thinking is it possible to buy flip and...
Gino Tomba
Extremely driven, actively searching, hello from Cleveland!
Hi BP!I never got to properly say hello to an awesome community! I am a Mortgage Banker looking for my first house hack deal. I know, yawn, right? I have been actively searching on the MLS with my agent and also hunti...
Collin Wilson
Seller Financing Monthly Payment Options
Hi everyone. I was fortunate to close on a property in which the seller agreed to seller financing. A note was prepared and the property has closed. The seller is very laid back and is satisfied with me mailing him...
Paul Brady
Local bank calculating DTI in a strange way
I have two rental properties
One with a $5400 mortgage payment with $6600 in rents coming after expenses ($1,200 in profit)
Another with a $2000 mortgage payment with $3000 in rents coming in after expenses ($1,000...