Gustavo Panosso
Seller wants verbiage in the purchase contract to buy back hous
I'm not sure how to handle this situation... The seller (let's call her mom) is in foreclosure on her Florida home. Foreclosure sale is happening soon. We came to an agreement on price, but we are working out other te...
Patrick Orah
Mortgage lender denies preapproved loan
Can their be legal recourse against a lender who preapproves a loan and then later deny the loan after I have entered into a ratified contract?I am finally in the process of purchasing my first real investment propert...
Nathan Waters
Who do you use to record a promissory note
I have a few investors interested in putting money up for my next property. This is the midwest so its not a huge sum (30-40K) I am having my lawyer draft up a promissory note to have two investors put in 15K - 20K ea...
Scott Tucker
C-Corp lending options for STR properties
My wife and I created a C-corp using a ROBS 401(k) to start a vacation rental business. As part of our initial due diligence we took a deep dive into Lahaina, HI. After running the numbers, we decided to start out b...
Marcello Saldana
Funding a rental
I’m getting ready to start my real estate investment career in San Antonio, Texas. I wanna start small with a rental home. Then, just build you my portfolio. However, I’m torn between getting a loan or saving the mone...
Account Closed
First deal, trying to invest in multi family
Hey guys! Is it possible to buy my first apartment complex with no money. I was thinking of getting a loan from a hard money lender just for my first investment. A loan for the down payment and closing costs. What you...
Cassidy Adams
Buying a group of four duplexes all fully rented.
Hi there,
I have found a group of four duplexes, all are fully rented with month to month leases, that I am interested in buying. It will be my second investment package as I already own an SFR and am trying to buil...
Michael G Walser
Tips for financing multifamily real estate
Hi. I am curious how others are scaling their businesses using non traditional financing. I currently have 10 units and some equity and I know that if I want to achieve my goals I will need a strategic financing par...
Chaz Martinez
How do you propose a lease option to an owner. Can someone help?
Hi, I am interested in a property. The owner has listed it with an agent. However, he is an absentee owner and I would to propose a lease option. How do I structure this? What do I say, when I get him on the phone? Ca...
Cory St. Esprit
Hard Money Lender - Commercial
I am looking for information on a hard money lender for a commercial building. I'm a Subway franchisee with 24 restaurants. I'm purchasing an additional unit in Western PA that includes the real estate. I have the fra...