Tatiana Conta
Can a Non-Occupying Co-Borrower be a friend and not a family ?
Can a Non-Occupying Co-Borrower be a friend and not a family member? Does it have to be a family member? and how much minimum down payment needed?P.a I am in Arizona
Eric M.
Article on Short Sales "Borrowers Losing Their Homes Are Staying in Them Longer"
Interesting article from Managing REO. Requires free registration.
Interesting quote from article
"“I think everybody overestimated the borrower’s desire to do a short sale versus living for free until a foreclos...
Tatiana Conta
Can a Non-Occupying Co-Borrower be a friend and not a family?
Can a Non-Occupying Co-Borrower be a friend and not a family member? Does it have to be a family member? and how much minimum down payment needed?P.S I am in Arizona
Khoa Ha
What do I need is I wanted to borrow money from private investors
Hi BP,I have this idea but I am not sure if it is possible or require any license or not. Let say that the current mortgage rate right now is 4%. If I have a group of friends that are willing to lend me their money in...
Sean Yang
HELP!!! What can I do if borrower is not able to pay back??
Hi all, I think I am in some serious trouble now and really need your guys' input!! About a year ago I got connected to a loan broker here in BP who was posting ads looking for private money to fund local flippers- so...
Michael Greer
18 year old son buying a multi-unit with me as co-borrower
Trying to get creative with financing a 4 unit. $400,000 ish range.
My thought was to co-borrow a loan with my son, he lives in one unit to get the owner occupied status.
Would we qualify for the reduced 5% down p...
Xuan Ni
Can Partnership LLC deduct 1098 Mortgage interest if borrowers are partners not LLC
We started an LLC partnership solely for the purpose of managing a short term rental property. We bought the property around the same time the LLC was formed. So the mortgage listed individual partners (SSN) as the bo...
Account Closed
Ways to prevent Builders from Coercing and Steering a Loan Originator's contracted borrowers?
Does anyone know of some ways to prevent Builders from Coercing and Steering a Loan Originator's contracted borrowers, who they've obtained a Loan Commitment for, to their "In-House" or "Preferred" lenders?
T...
Chris Blackburn
$10M USDA Loan, (credit union) If replacing borrower, Does 70%loan guarantee Follow?
A 5 year old USDA loan for an assisted living facility for $10M. This loan is in place, $300,000 loan guarantee fee to USDA for 70% guarantee. $7M. Do you know if the loan is assumed, that the guarantee will...
Joe Liu
Borrowing money from friends/family? How much do you give them in interest?
Hi guys, I am looking at buying a couple of buy and hold rental single unit properties with all cash. With that, I want to use mostly family and friends cash. If i were to borrow 80% of it with terms of 9 months, beca...