William S.
Options for $25k Renovation
For my next deal I am going to be using the BRRRR strategy. I have private funding for the cash purchase but will need $25k for renovations. Other than private/hard money what are my best options? My thinking is it is...
Adam Craig
Friend needs help funding the rest of rehab project - 35K
I have a contractor that did work for me in the past who called me yesterday with a problem. Him his brother do real estate and own around 8 properties between the 2 of them.He called yesterday and said the bank just ...
Andy M
Note Valuation
Hi,
I'm wondering how you guys value notes?
If there were no chance of default or early payment of the note, then the note's value would simply be the sum of the time-discounted future payments.
Of course there is ...
Corey Dutton
Business Owners Turning to Private Money Lenders For Business Loans
Despite pressure from the Community Reinvestment Act, designed to encourage banks to meet the credit needs of businesses in local communities, business lending has contracted 45% since 2010. More and more I am seeing ...
Jason H.
Highest LTV on a HELOC?
I own a rental property and my primary residence, I am trying to obtain funds for 20% down on a fix and flip (3rd property). I recently went to KEY Bank to apply for a HELOC. I was told max LTV Key does is 60% on inv...
Andreas W.
Why do insurance agents/brokers ask for social at inquiry
Maybe the insurance experts know. I have been calling multiple insurance brokers and agents to get a quote for a rental property to insure. Most of them asked for the social security number, which I find very strange ...
Dustin Newton
Cash out Refinance to pay off debt
Have some bad debt from building on to my residence. I owe 50k on a 125k rental house that I plan to pull the equity out. The current payment is 700 and the rent is 850. The problem is that the interest rate now will ...
Javoris Wood
Selling a Primary Residence - FL
Hello All,I received this message from an associate and would really appreciate any advice:Hey I've got a situation. I'm selling the house and I've been under contract to close originally 2 weeks ago. There was an iss...
Bill O'Donnell
Screening illegal immigrants. Screening people without SS number
I am trying to rent out a house in newburgh ny. I generally know how to screen, but I am getting a bunch of illegal aliens, without social security numbers..Any tips on screening them?
Jaron Smith
Calc review of first property two years later, what next?
Hey everyone,Below is a report of my first and only ever deal. I did and FHA loan with 3.5% down, its a triplex in a c+ class neighborhood. I bought it, did cosmetic rehab work in one of the units myself and lived in ...