PreQualification vs PreApproval
Why would any seller take their property off the market if they didn’t know if their buyer was approved or not.
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MAKING THE DECISION: LOAN UNDERWRITING FROM YOUR IRA
Outside of hiring a firm or person with a formal credit background to help you make loan decisions, educating yourself on the basics of how professional lending institutions make their decisions is critical to making your lending venture successful.
MAKING THE DECISION: LOAN UNDERWRITING FROM YOUR IRA Read More »
Are There Any Non-Performing Loans Out There?
Do you think there are enough small banks to call on for buying a small amount of notes?”
Are There Any Non-Performing Loans Out There? Read More »
What Does “Recourse” Mean in Lending
The term “recourse” is something that pops up from time to time when someone is taking out a commercial loan. What exactly is “recourse”?
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SEVEN QUESTIONS TO ASK PRIOR TO STARTING YOUR HOUSE FLIPPING BUSINESS
Here are 7 things you will need to think about before you start your flipping adventure:
SEVEN QUESTIONS TO ASK PRIOR TO STARTING YOUR HOUSE FLIPPING BUSINESS Read More »
Unsecured Lending
Question: Doug, I have been lending out of my IRA for some time and I have a friend that wants to borrow money from me with no collateral. Is this a good idea?