Jared Kuhn
Mortgage note as collateral For loan
Hello Everyone,
I am getting a mortgage note with a UPB of 60k, amortized for 6 years at 8% so the monthly payments are $1051.99. I would like to use it as collateral to borrow 42k from a private lender, interest on...
Justin Lee
W9 to 1099 for independent contracts
I have a few vendors that I paid over $600 for services that were independent contractors and wanted to know the process for taxes. I have some W9s and some I don't. How do I proceed from here to include the labor cha...
Seth Mosley
***Commercial Loans / ARM****HOW TO PREDICT THE FUTURE?***
Hey Guys!This question comes from my search in finding the next stage of funding after I max out my 10 conventional 30-year Fannie Mae Mortgages for our rental properties. We've met with several commercial/portfolio l...
Or Yeger
lets talk about performing notes
I`m a total newbie so I have some question after reading and listening to a lot of materiel here and on the web. 1) what do you look for in the due diligence process of buying a performing note?2) what discount should...
Ashley Lynn
Pressure to put 25% down
Looking for some advice. We have been wanting to buy a second home to move into and rent out our current property which would cash flow $600 a month. A few months ago we took out a second mortgage of $25,000 since we ...
Brett Hearn
lease to own offer "We buy Houses"
Hi everyone,So I am currently screening tenants for a 2 bed 1 bathroom, and I am having a little trouble finding qualified tenants. I was contacted and talked to by a guy who does Lease to own for a "We buy Houses" p...
Natalie Wells
Investing with your 401k
We have a decent amount of money in my husband's 401k (around 100k, maybe a little more). My question is, have any of you taken money out of your 401k and taken the tax hit (which I believe is around 25-30%, possibly ...
Elaine Jordan
Moving IRA money to a Self-Directed for Investing
Write Hello BP community! I am a newbie. Joined BP last year and closed on my first rental half duplex this past November. The duplex is rented and is cash flowing almost $300 a month. But - after buying that rental w...
John W.
Can you refuse to rent to Section 8?
When advertising for rent, I get people here and there that ask if I accept tenants that receive Section 8 assistance, am I even able to say no? I guess you could say no on the basis that property isn't section 8 appr...
Drew Hernandez
California Hard Money Violations?
Hi all, I have started running this by some local San Diego attorneys but wanted to get feedback from group.
Situation:
1. Homeowner owns a duplex in Lemon Grove, CA. Non owner occcupied.
2. ...