Sunday, 24. July 2011
Need some help with experienced investors. I have abt 100K in equity in my investment property. I was planning on taking a second mortgage to buy Municipal bonds with a 10 year maturity. I feel that the 5.5% tax free yield is great considering I have to pay 4.75% tax deductible on the loan. Margin should be abt 6-7%.
What are the risks and should I consider munis closed end funds?
The house is held in a LLC and taxes are filed in schedule C so the interest will be tax deductable against the property income, corporate bonds and munis held in the company name.
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Monday, 18. April 2011
I need to find a hard money lender or private investor for a ,000 loan. I want to use the equity in home as the basis for the loan. The house is worth about 0,000 and I owe ,000 on the mortgage. I do not qualify for a traditional mortgage because of self employment income. I know I will not have trouble paying this off even with a high interest rate. Looking for a short term like 1 year only. I have good credit scores. I was wondering where I can get a list of lenders/investors that may do this type of loan. Any suggestions?
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Saturday, 23. October 2010
In 2005 we bought a house in FL.We have 80/20 to avoid MPI.We lost the house in 2008, but my lender sold my second mortgage to investors.Now the investors are taking us to court .we don’t have the money to pay second mortgage.What we need to do?
Thank you
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Thursday, 19. August 2010
i thought banks are NOT in the business of real estate? so now its bank owned by another bank. the house market value is 571,000. the loan in default was only 470,000 so there was a lot of equity….but the bank sold it to another bank for 497,717…and now the second bank is going to sell it for it’s market value and keep the profit?? i thought banks were not in the business of real estate…isnt it a liability for a bank ot hold on to a house like that till it sells….so be sides other investors and real estate agents….now theres more competitions with other banks when theres a notice of default on a propertry wit a lot of equity….the agent said it was very common??
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Wednesday, 4. August 2010
Also how would I GET A PRIVATE investor to loan me money for property? It would never be a good deal for the investors would it? Say you take where I live if you spent 1 million you could buy a 10 room apartment complex and if you rented it it would generate about 5,000 a month. Now pretend I wanted an investor to get me the million to build them and let’s say I own the property but am just paying for the building. Pretend I gave him 4 thousand of the five for say 10 years that’s 480,000 dollars return so far but let’s also say after that 10 years the security he bought turns into equity but it is still only worth 500,000 since half so the investor wouldn’t get any return 
DETAILS DETAILS
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Thursday, 29. July 2010
Also how would I GET A PRIVATE investor to loan me money for property? It would never be a good deal for the investors would it? Say you take where I live if you spent 1 million you could buy a 10 room apartment complex and if you rented it it would generate about 5,000 a month. Now pretend I wanted an investor to get me the million to build them and let’s say I own the property but am just paying for the building. Pretend I gave him 4 thousand of the five for say 10 years that’s 480,000 dollars return so far but let’s also say after that 10 years the security he bought turns into equity but it is still only worth 500,000 since half so the investor wouldn’t get any return DETAILS DETAILS
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Sunday, 2. May 2010
what i want to do is get a loan to cover down payments, working capital for rehab,upgrades and defaulted rent. Time frame to keep properties is 3 yrs. I need at least 250000 to 1 million. I am willing to pay 10% yearly interest. Since I am not paying in full for the house it is not a secured loan. What is the best type of loan,line,card. etc to get to raise funds. After I purchase a a few houses I can get investors to payoff everything in about a year or less with the equity in the portfolio. I am most interested in interest only Business loan-is that possible. Perfect credit, Business currently own is dental office gross .8 million yearly, 0k net yearly 5 yrs open. No assets, not a home owner. What is the best way to raise capital;get a loan, without collateral without being a secured loan. for this or other purpose. Creative financing ideas would be helpful, Please.Thank you.
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Saturday, 1. May 2010
what i want to do is get a loan to cover down payments, working capital for rehab,upgrades and defaulted rent. Time frame to keep properties is 3 yrs. I need at least 250000 to 1 million. I am willing to pay 10% yearly interest. Since I am not paying in full for the house it is not a secured loan. What is the best type of loan,line,card. etc to get to raise funds. After I purchase a a few houses I can get investors to payoff everything in about a year or less with the equity in the portfolio. I am most interested in interest only Business loan-is that possible. Perfect credit, Business currently own is dental office gross .8 million yearly, 0k net yearly 5 yrs open. No assets, not a home owner. What is the best way to raise capital;get a loan, without collateral without being a secured loan. for this or other purpose. Creative financing ideas would be helpful, Please.Thank you.
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