All Forum Posts by: Loc R.

Jeff,

It sounds like you are funding a loan (originating), not buying an existing note at a discount. Is that correct?

I have been buying discounted notes inside of my SD Roth IRA, SD IRA, and SD 401(k). I have done some small amounts of lending, but my preferred mode of investing is buying existing loans.

Because the Roth IRA will be tax free on the back end (when I withdraw), I try to funnel my best deals to that account.

Rob K I'm also for minimizing the government.

Nathan Emmert That sums it up. I'd love to live at the beach, but unfortunately, I can't because I simply CAN'T afford it.

The other issue to, in this country, is that just because we can, does it mean we should? Performing triple bypass on a 350-lb man who hasn't exercised since grade school is, for all intents and purposes, eliminating Darwinism with the human species.

Justin Yin it's not "loaning" the rest, it's "borrowing." Loaning would imply you have the money and are lending it out.

Dion DePaoli

It sounded like, at least to me, that the OP was going to borrow from someone for the down payment and borrow again from a bank.

I don't deal with foreign money so I can't help you there.

The bank's position would be 80%, but the CLTV (combined LTV) is 100%, since you're borrowing the $20k as well.

Banks wouldn't like it because the LTV would probably be higher than their underwriting limits.

Sellers probably won't mind - money is green no matter where it comes from.

For those who otherwise couldn't get insurance coverage at all, it would be a welcome alternative.

I'm not sure how agents go about becoming agents - is it something they jump into full-time? Or do they do other things while trying to make it as an full-time agent?

Billy W.

I would imagine the realtors could probably get insurance through their professional association.