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I am in process for a loan from a hard money lender. This is my first time seeking hard money funding and I have requested 100% financing. Apparently I am working with a broker who in turn is using another broker who...
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Hello All,Currently at the end of escrow on our first REI. Everything was smooth sailing. Great interest rate and funding - check. Inspections - check. Documents signed by us - check. Wired our down payment - check! L...
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Has anyone ever seen such a clause in a contract(approval letter with terms) for a hardship based Short Pay, or even for a Short Sale?)"Dear Customer(s):Select Portfolio Servicing, Inc. (SPS), the mortgage servicer on...
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Hey guys, I'm curious to see what type of structure you think makes the most sense when it comes to sharing the profits on a flip in this scenario - One party is funding 100% of the purchsase price of the home, anoth...
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So heres the scenario,Ive got 400k crowdfunded and am looking at seller financing deals because my job history is sporadic and I get paid cash a lot of the time so getting conventional financing wont be happening. My...
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Hi, I'm looking for some help to avoid legal and taxes issues. California based.I want to create a separate business that would be in charge of raising money to lend to my current LLC for flips. I want to keep it pret...
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I am curious about short term rental syndication - seems like a no brainer to me. Has anyone on here tried this before? Do you know anyone who has?If so, please share what you have learned / heard.Thanks!
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I’m working on a mortgage for a primary home and these stipulations seems very strange…am I being paranoid? I sold a vehicle and paid off a credit card (2500 dollars) to improve my savings and borrowing rate, now the...
Hello, I am a first timer at all of this. I rent 1 unit on a multi-unit property lot. The owner of this property intends to sell. It is not on the market yet. I asked out of curiosity if she was going to sell and she ...
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Good day to all,I have used many methods of cash in many purchases of our rental homes. I believe I heard on one of the podcasts that I could use my IRA to purchase a rental property. Are any of you familiar with this...