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All Forum Posts by: Cheryl J McGrath

Cheryl J McGrath has started 19 posts and replied 49 times.

Would love to have some information. 

Thanks , Cheryl 

Post: Partner Needed ASAP

Cheryl J McGrathPosted
  • Posts 58
  • Votes 11

"Looking for a real estate partner with capital to invest—I’ll handle the work, you enjoy the returns. Let’s build together! Message me to discuss."

I understand, just a thought. Thanks to all

I want to use RTO person for the down payment. They pay me down payment and I pay seller

Seller Financing 

I am the buyer with 30 days to purchase the property and want to simultaneously market it as rent-to-own,  how can I structure the process effectively:

Can I structure the deal this way, so I can secure a tenant-buyer while working to close on the home myself,  minimizing my risk and creating a win-win situation.

Quote from @Kristine Ann:

Hi @Cheryl J McGrath Yeah, that's kind of how it always is

Are you preapproved for a mortgage?  You don't need the specific property picked out to get preapproved.  You just need to work with the lender and show that you can afford a down payment and the monthly payments.  The lender will give you a generic preapproval letter that states how much they are willing to loan you when you do decide on a property. 

If you are paying in cash, you'd have the bank write a letter indicating you have the capital on deposit or you can also print out your bank statement showing the funds.

Thank you

I'm having issues getting property under contract.

Agent/seller wants a pre-approval of funds first.

I can't get a pre-approval for every property or is that the way it works 

Thanks

Post: Private money lenders

Cheryl J McGrathPosted
  • Posts 58
  • Votes 11

I'm looking for a Private Money Lender. 

I have a great rental property investment waiting.

My circumstances cause an issue with conventional and hard money ....Down payment, DTI.

Any Private Money Investors, willing to work with me, 

Would be greatly appreciated.

With a little help, We 

can change the world.

Thank you

Post: Making an offer

Cheryl J McGrathPosted
  • Posts 58
  • Votes 11

Thank you