Junaid Anwar
Commercial Loans - ELI5
I'm researching commercial loans and how they work. I understand that a majority of them carry a 5 year balloon AND an amortization period (usually 30 years). What's the purpose of having the balloon payment? If I ref...
Bradley LaBrie
How to structure 0% down??
I’ve got a former partner that wants to sell me his duplex. He’s willing to “gift” me the 20% down payment and to get the loan and then owner finance that 20% over 3 years to pay him back. The problem is my lender say...
Todd McNeely
Residential Owner Occupied Hard Money Home Loans
Does anyone have a resource to provide Residential Owner Occupied Hard Money Home Loans? Again not seeking a Fix & Flip or Investor loan. Currently I have a client desperately in the need of one & I come acr...
Aaron Barfield
Renovating Investment Property
Good day, I am new on this platform. Is there a recommended lender that can provide a bridge loan, not based on credit or income, so I can finish renovating my triplex? I will repay the loan when I refinance with my c...
Ben Jones
I Want My Money Back...From Uncle Sam (FHA)
Curious if anyone has refinanced out of an FHA loan into a conventional, and if so how long it took to get your FHA impound account reimbursed back to you? My assumption is this might be a 2-3 month process, but I'm p...
Roemeo Barnette
Dual military using separate VA loans
I have a question in regards to me and my wife using our VA loans. So my question is since we are both active duty aren’t we both entitled to our VA LOANS “SEPARATELY” ? I can buy a piece of property and my spouse sho...
Don Konipol
Getting Ready to Start Getting Ready
These are actual instances of people not understanding what entrepreneurship is about1. A good friend of mine told me he started a company to purchase and manage surgical centers. He had no capital to contribute, no ...
Ty McAllister
Seller-finance (are they wraparound mortgages?)
Hey there! I see a lot of seller-financed properties as I'm practicing running numbers on properties listed on craigslist & other similar sites. I suspect that many of these homes are not owned outright.Is it comm...
Samuel Everett
A Strategic Tale of Two Cities
Hello All!
I live in Georgia. I recently purchased a 3 yr old Wyoming LLC, for obvious reasons. I am researching some strategic and cost effective ways
(virtual office/ phone, mail forwarding, etc) to create a virtu...
Edward Prochilo
Assuming a mortgage
Hi BP,I could use some advice. I talked to a seller who is upside down in his property and now 2 months behind on mortgage payments (about $1500). He just wants out to save his credit. The mortgage company is offering...