Roberto Fernandez Andersson
Lending private money to friend for property investment purposes
I want to lend my friend >$50k so he can buy a property and flip it. All risks aside, what are the tax implications to consider? Interest income will be taxed but how about the initial tansfer of money or when my f...
Paul Wakim
Structure for taking on investors to buy properties
Hello everyone,I am grateful to have stumbled upon the situation I am currently in but I certainly need some guidance. A few family friends want to do deals with me by giving me money, so private financing. Those of y...
Michael D'Alessandro
2-4 Unit Financing (Owner Occupied)
Hello,I have been reading/hearing varying information regarding financing options for owner occupied 2-4 unit properties. I realize lenders can provide a multitude of programs from lender to lender, but I wanted to ha...
Cheri Crane
Need Hard money Loan for Multifamily
I need a 300k loan to buy & rehab a duplex I want to add to my portfolio I am not going to live in it so I am looking for a landlord loan for an initial purchase & rehab. Need at least a yr to refinance as I...
Jenna Bamlet
Rental loans in North Carolina
Hello,I recently finished my first solo property. It’s been on the market just over a month and I had one potential buyer who terminated the contract. It’s time for me to use my back up plan of making this property in...
Daniel Suarez
cash-out-refi to cover loan or Sell stocks
Hey All, I purchased a home about a year ago for around $200k, I put close to $90k in fixes and did a historical appraisal that came up to $410k. I borrowed $70k from family and was planning to return it after the ref...
Jason Eyerly
If I Use A HML To Fix/Flip, What Costs Can I Expect To Incur?
Hello BP, I'm looking to get started looking for my first property to flip very soon. I will be using a HML that wraps all points and fees into the loan, and hopefully will have no interest payments for the first s...
Tereal Wilsonn
Duplex metro Detroit
Please advise , on duplex
Asking price 90k
2 units currently rent for 775= 1550
Tenants pay all utilities
Annual taxes 2000
Homeowners insurance is 150 a mouth
This Duplex is in metro Detroit
This is my first...
Maurice Stewart
Creating an LLC (I think I did it wrong) Please Help!
Hello, My wife and I are in the process of turning our primary home into a rental. I created an LLC, and the rental address is not the name of the LLC. My thought was to give the LLC a generic name, and the rental cou...
Sandy Uhlmann
Non-performing second with first in forclosure
I am a note newbie who was reviewing a recently released tape of non-performing seconds. I noticed that with this tape, there was very few that were behind performing firsts and nearly half of them listed the first a...