When borrowers take out a loan for a property, they have to sign a promissory note--a document pledging to repay the loan. Depending on where the transaction takes place, this document could be either a mortgage note ...
So I bought a 3/1 SFH in Sheffield Lake, OH (west of CLE) with a private hard-money secured loan titled in my LLC. The private lender is using money from his self-directed IRA. The terms of the loan are 12% and P&am...
I'm about to close on a house (my first purchase!!) and I'm not sure what to do with the layout of the first floor, but it definitely has to be reworked. I've attached an image to this post of the first floor layout.T...
Curious peoples thoughts on Detroit, MI as an out of state investment property for long term SFR?
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Saint Paul.
Purchase price: $285,000
Cash invested: $90,000
Up/down duplex house hack with significant renovations. Uppe...
Hi folks. My wife and I are starting up a new business with an target open date of Jan 2023. We are considering renting a space to use but also have an option to purchase a building which looks like it will fit our ...
We are looking at getting into home flipping. What are thoughts on living in the home you intend to flip? We may have an option to purchase a home and be able to live upstairs and remodel an unfinished basement. Const...
Hello all,
I have been having trouble acquiring a investor loan line of credit to acquire my second property. My credit score is good(750) and I have enough for 25% down on a 250K home(which is the price point I am l...
What is the benefit of using hard money lenders when the interest rates are so high? If I have the capital just go to my bank I bank with correct?
Hey all- My wife an I are newbies to this whole thing and I am thankful for this forum and network of people! I run a construction company and receive a W2 but our 2019 was a rough year for us so our tax returns are s...