All Forum Posts by: Bob Reinhard

A bit unsure of your question. A current spouse of a current owner may not.

Practically speaking, what lender wants to be in a 2d behind a portfolio of 15 properties; let alone be in a second.
You seem to bring not too much to the table as enticement... unless there is something that i am missing.

Be active, not passive. Call the civil department in the sheriff's office and ask them.

Much success.

Bob

Greetings.
They can be the same things at times. Hard money generally references the terms; private money usually comes out the pocket of a real person, not an institutional lender, but the terms may be the same as a traditional hard money lender.

without endorsing them : Xome, Hubzu, Auction ... all .com
One or all also list judicial "courthouse" steps auctions.

Much success.

Bob

Greetings.

Outside of my local area in NY and CT, I use Appraisal Nation in the other states. They get the work done. There are others that may be worse or better; it's just that I've continued to use them.

Bob

If the numbers change, change your approach. Perhaps partner with thr 'excited' contractor?
50 % of a something is better than 100% of a nothing.
Much success.

Congrats.
My own biased view is that hard money works fastest and generally is the least restrictive, provided that you have a well thought out [ pay back the lender] exit.
Zero experience can be detrimental as the risk is inversely proportionate to the experience.
Credit scores and experience generally address rate and points, not the lend. It is asset based lending against non-owner occupied properties held by a non-natural legal entity.
Without experience, look toward a 20% self-financed purchase price ante.

Much success.
Bob

wsj 2022 Oct 27
So many investors are scrambling to buy I Bonds, which pay a 9.62% interest rate if purchased by Oct. 28, that the Treasury Department said its overwhelmed site might not complete all the orders in time.

So many investors are scrambling to buy I Bonds, which pay a 9.62% interest rate if purchased by Oct. 28, that the Treasury Department said its overwhelmed site might not complete all the orders in time.

With hard money there will usually be a personal guaranty; in some cases for all members with at least a 19% interest in the LLC.
This will usually also involve a credit pull of the same members for settings rates and points.
Much success.
Bob