All Forum Posts by: Chris Seveney

Give you my 2 cents when I see mentorship's like this and I always take the name out of it as they all start with a specific product that is past its life so then in the absence of a product, an idea will usually be sold; when the idea is lacking, a lifestyle is pushed. When they don’t have the lifestyle, they often focus on a ‘message’. When there isn’t much of a message, the fallback is traditional values and leveraging a religious angle.

Post the information in classifieds and you will get multiple lenders to quote you a price and terms 

As a wholesaler in Maryland - just make sure you are up to speed on the laws and regulations especially ad it related to reaching out to people in pre foreclosure 

Not sure what you are getting at but as a seller who is selling as-is you typically get larger escrow and limit the contingencies

we usually give a seven day inspection contingency but let the buyer know it's as is and we are not making any repairs.

as a seller, there are many things you can do to mitigate this and it's what separates experience from inexperience 

I would not say the end is near but like many markets that saw prices skyrocket - people are cashing out especially as the economy weakens. All things will move back to a norm and most likely see some declines and flattening - while I do not invest in San Diego it is a great investment opportunity due to location and weather- so it will always have demand but like I mention not uncommon to see it soften since it has exploded over the past five years 

I think you shop around and see what is best for you. What type of commercial property is it? 

wholesaling off the mls I believe is a waste of time. If you are looking to sell to an investor the good investors will see it on mls and just wait for it to fall out from your deal. I know one investor that calls the broker to tell them it's being wholesaled as well

Curious did you buy this as a fix and flip?

was it the comps were off or market drop?

how long was the property on the market ?

I look at turnkey as the fox watching th hen house - it's a trust but verify situation that if they are renovating the property and then managing it I would still do a third party inspection during renovation as well as a post construction third party inspection.

What you are looking to do is go from a RTL (bridge loan) to a DSCR or other type of loan. What I STRONGLY recommend is you go with someone who provides both of these products. What we have done with our borrowers in this situation is we have given them a nice discount on the bridge (BRRR) loan if they go with us for the long term financing as well.