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Cash Back at Closing
I have heard that in Canada, banks are not usually comfortable with deals that include cash back at closing.I can not figure out why. In my opinion, the banks should really only care if they are financing more than 80...
Julie Felts
Tenant's has skin reaction to bathtub
Hi all, I'm a newer landlord and have had tenants in place in our rental since March 1. They have paid like clockwork so far (via Cozy). They reached out with a a laundry list of concerns, most of which are minor and ...
Ikenna Okoye
Seller Finance Servicing Benifits for Seller
Hi all,I'm looking at a lead in the Ft. Worth area in Texas for a few seller-finance properties. I've offered the owner his price, a decent interest rate, and a 5+ year ballon on the note. Since I'm newer, I don't hav...
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Mortgage Note Broker taking 2nd position lien
Looking in to rolling over my ROTH IRA into a SDIRA to invest in my first mortgage note. I am very interested in a particular broker, but wanted to ask a question here to do further due diligence as I am new to note i...
Darrin Carey
Borrowing Downpayment, closing costs, and earnest money
As a private lender, I'm suddenly getting a lot of requests for three things that concern me.
1. Lending the Downpayment (behind another hard money lender)2. Lending all the borrowers closing costs3. Lending funds fo...
Anthony White
Need a Hard Money lender for 8-plex in Memphis!
Anyone have a Hard Money lender for a property in Memphis?Multi-Family (8-Plex) need money for Purchase and rehab for a year. Please send me any referrals you think would help! Thank you!
Nick Causa
Loan Approval and DTI
Hey all, my wife and I just found a great Triplex for us to house hack. Only issue is 4 months ago we moved out of our previous house (decided to AirBNB it) and signed a 1 year lease on an apt closer to work. The AirB...
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SECURING HARD MONEY LOANS
Hello guys I am new to wholesaling properties. so I was talking to a fellow real estate investor. he wholesales properties in my area and I asked him about his hard money loan source. he said that he doesn't have any ...
Rosy Baeza
Hard Money Loan Downpayment
Hi everyone!Do hard money lenders care where your down payment comes from? I’m trying to figure out how to structure a deal without putting any of my money into the deal. This is for a fix and flip. I found a hard mon...
Joel Owens
Owner wanting to sell to me has an issue..thoughts......
A seller is looking at doing owner financing.I would be wrapping his note.
Property insurance is not escrowed so that causes fewer issues.
Sellers main concern is that we owner finance and in say 3 years I get tired...