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Mortgage Broker Commission
I think I have an idea of how a mortgage broker makes commission, but am still a little unclear. Could someone explain to me how a mortgage broker would receive his/her commission on a mortgage of $200,000 at 6.5% in...
Jason Crowe
MHP LENDING FOR SMALL PARK -PURCHASE 800K
HOMES FOR THIS PARK ARE ALL OWNED BY OWNER. SO PURCHASE WOULD BE PURCHASING THE HOMES. HAS ANYONE USED A LENDER TO PURCHASE AT THIS PRICE POINT? I FIND ALL LENDERS WANT A 1MIL LOAN OR MORE FOR THIS. ANY ADVICE OR ...
Tony Wallis
Buying Investment property with a self directed 401K
Can anyone speak to buying investment property using a self directed 401K? My understanding is the cash flow must go back into the 401K and it must be a non recourse loan. love to get some input / feedback
Ted Sandoz
Raising Capital for STR
Not sure of where to ask but since there is a such a wealth of knowledge here I figured I'd give it a try here. When looking for a partner (captial,etc.) what is a good package to offer them, family/friend/etc, with ...
Robert Starnes
Can you Invest with a Hard Money Lender
Hello All,
Has anyone invested with a Hard Money Lender? Is it possible to do so? Or is this sort of investing only limited to accredited Investors?
Is it possible to invest and also pick what projects you would lik...
Spencer Brett
Difficulty in finding 4plex Comps.
A lender that I am considering using for 203k loan told me recently that quadplexes are difficult to purchase and sell due to difficulty in valuing them. His rationale was that the 4 plexes in the area do not sell oft...
Max Valdes
FHA 203k - The Good - The Bad - The Ugly
New to BP and I'm curious to hear people's good and bad stories and things to look out for when going the FHA 203 K route. Another question that I have is, say I personally feel comfortable doing most/some of the reno...
Account Closed
<<<BEST sub prime meltdown "TIMELINE" BBC
He is a very good time line as to the melt down mess. Scroll to the bottom and read your way up.
Also of note: BEAR STEARN, one of the largest US investment banks wen't POO POO on Friday! NOT GOOD!
Here is the sub p...
Jake Clement
considering asset based lending in Iowa & Nebraska - Advice?
Hoping to find some options/advice on asset based lending in the Council Bluffs Iowa and Omaha Nebraska area. Last year I purchased my first investment property (cash) SFH in CB Iowa, did a bit of rehab and signed a m...
Account Closed
Rehab Loans in Florida for a deal
Hello,Here are the numbers:ARV: $150,000 (Verified by a licensed Appraiser)Repair Costs: $15,000Purchase Cost: 1% $1,500Holding Costs: 3% $4,500Sales Costs 3% $4,500Profit 20% $30,000Fudge Factor 4% 6,000I'm getting ...