Olutomi Odukoya
Lending on a Note
I sold a rental as an owner-financed deal. Does anyone know of lenders that will use the note I have on a house as collateral for a loan to invest in another property?
Jaxon Brown
Using equity of a foreign property
I’m at a point to make a property purchase soon but debating whether to purchase an investment rental at home in the US first or purchase my condo abroad where I reside first. If the foreign condo is bought in full wi...
Samuel W.
Financing question concerning a 40 unit apartment complex.
My business partner and I are looking to purchase a 40 unit apartment complex. We collectively have 25% to put down on the loan. For context regarding our respective financial situations, my business partner and I bot...
Greg P.
Lines of Credit Question
Hello, I hear about some local investors obtaining 10mil dollars of lines of credit to buy property. What do you actually need to obtain this line of credit. Is it basically net worth and rental income? Or is it mo...
John Thedford
Do You Like These Terms If You Are A HML?
I have a guy wanting some cash. He proposed the following:1.We get blanket loan of $150,000 - $200,000, net out 2 pts up front, 12% interest from day received at title2.Money is in title company and interest starts da...
Jason Antonio
Performing DUE DILIGENCE (NOTES)??
When performing Due Diligence on a prospective investment in this case a Mortgage Note.. what questions are we looking to answer other than maybe status of title and estimated value of the physical property? Any input...
Nancy Zhao
Why do some foreclosures have >200% LTV?
I see these kinds of properties occasionally. Where the owner somehow managed to borrow twice the market value of the home at the time of the loan. This is before taking into account unpaid interest and late fees.For ...
Keith Minton
Seller Financing, Taking back a 2nd Mortgage
HelloThis is my first time posting so be gentle haha.I am looking at buying a Duplex for 85K that will rent out for $1,500 conservatively. The seller is willing to finance 35K of it at 5% for 3 years. I can get a loan...
Jon Christian
Lending hard money loan, need advice
Hi all.
My real estate agent buddy, whom I've known for a long time, wants me to loan him $7500 for a max of 45 days to pay off his contractors while his investment property flip closes. I don't have any reason to d...
Ron King
Agreements for Note buying/selling
Ok. I understand the concept and believe notes are for me. Can you tell me What agreements/contracts are needed to buy a note and sell a note?