All Forum Posts by: Bob Reinhard

Discuss what you need and evaluate the response. More than that, it is all circumstance dependent .

Quote from @Erik Estrada:

What do you mean by sell to a 3rd party lender? 

A solid mortgage broker would save you the hassle of looking for a lender that can fund your deal. You also put yourself less at risk of a deal falling out of escrow because the lender overpromised and under delivered. 

Maybe having two or three wouldn't be a bad idea if you are on a time crunch. 

 It makes zero difference in my lending world. Your relationship is with me, not the warehouse.

Bob

That's why it's offered :)

I won't be able to "underwhelm" you, but give a call to chat some afternoon Eastern Time ( info in profile). There's never a silly question ... except in this type of a forum a discussion is almost impossible.

Much success !

Bob

1-  That is the bank's counter ... and now, yours to theirs.
2-  "The deal still works at their counter, but I don't want to pay more thank I have to." This is 'ends justify the means' thinking. You do should not pay more than your analysis supports; if you 'have to pay more', then your numbers seem to tell your you should stop at this point.

Much success.

Bob

My experience with clients is that a 1031 is toward purchase price.
overage back to you at taxable rate at end of Transactional period.
Much success.

Greetings.
Perhaps you might consider a multi in which you live. You have your building, you have your own apartment in there, and have the benefit of your potential rental income to list on your mortgage application. The market rents are a valid source of income to list.
Other than that at the moment,  the previous replies make practical sense.
You might look onto FHA loans also, but I am.not versed in its application to multis.

Much success!!
Bob

The house belongs to the property owner until the hammer falls.

Given your time frame, speed is needed.

The amount owed, plus fees accrued MUST successfully be paid off BEFORE the auction hammer falls.

Much success !!

It is one of those things that B.P.  productions, sadly, seems to 'gloss over'