How many people have used private money seconds on the rehabs and then refinanced the private money second and first out? My thoughts were if I brought in some private money to front the rehab then I could work on mor...
Quick question.
I'm trying to wrap my head around cash out refinancing. Can someone quickly walk through how this works? I hear a lot about refinancing a rental property to pull your initial investment out (in order ...
I have about 120k of equity between both of my houses. Can I leverage this to get a line of credit or get a fully funded Hard Money loan if I put them in the second position? Looking to flip a home before the end of t...
Hi - buying a flip shortly. Hard money lender is giving us purchase price of $95K and private lender is giving $60K rehab money. Hard money people want first position plus a deed that's won't be recorded unless they h...
So here's the scenario. A friend recently went to inquire about job opportunity w/ a consulting company that is working for her current company. The consulting company is outsourced to do similar work as employees o...
Hi All, would like to educate myself about hard money lending (as an investor), wonder if there are HML investors out there who have had bad experiences and willing to share?For example, want to know what is the worst...
Hi Guys!Question in regards my primary residence HELOC. My husband and I recently got the HELOC and plan to rent out our home and move. Technically would our HELOC close once we apply for a mortgage through a new lend...
Hey everyone, I wanted your opinion on the legality of raising funds without a syndication or ppm. When Syndicators raise funds for their deals, they typically use a 506B or 506C exclusion. The limited partners are eq...
Hello everyone, I was presented a couple of opportunities to invest as a private money lender. It's either new construction or fix&flip. The thing is, both put me as 2nd lien in the note. I heard that 2nd tend to ...
So I was talking with my mentor about acquiring a property to boost my networth. So he proposed an idea I've not heard before which was raising capital from investors and having your investors be treated as 2nd positi...