All Forum Posts by: Gregory Boudle

Has anyone out there heard of the website "private money goldmine.com"?  They're selling lists of private lenders in your area.  I was wondering how legit these lists are. If anyone has any experience dealing with them I'd greatly appreciate your feedback.

I recently put a house under contract with auction.com. I was blown away by linear title's fees so I called them up and told them I was using my own title company. They said OK but still want to charge me over $500 doc prep fees and put in my HUD 1 that I am responsible for the tax stamps which are typically paid by the seller or 50/50 split in my state. Do I have any bargaining leverage here? I feel like walking at this point but don't want to lose a 4000 deposit.

There's a potential good roi in any real estate transaction if you buy right and have several good exit stategies. Personally I like to hedge my bets by purchasing in areas with strong job markets where folks need to live. I feel that vacation areas are the first to go in a down economy.

I hold a reverse mortgage for my elderly parents. Can I use this as collateral to borrow some start-up funds. If so what type of lender should I  be looking for and am I putting my parents future in jeopardy?