All Forum Posts by: Javier Gaillard

I am in talks with Peak Asset Lending for a refi. They are asking for a Vendor Deposit of $400 upon Application to cover some expenses, like appraisal reports and home inspection reports, that is non refundable even if the loan is declined FOR ANY REASON.

Is this a common practice from this type of lenders?

I am in talks with Peak Asset Lending for a refi. They are asking for a Vendor Deposit of $400 upon Application to cover some expenses, like appraisal reports and home inspection reports, that is non refundable even if the loan is declined FOR ANY REASON.

Is this a common practice from this type of lenders?

For the eviction process is it the same to have the property under an LLC or under personal name? Will it make any difference for the eviction process, the costs and the outcome?

@Roger Medina

Hi Roger, can you send me the list?

@Qui James

Thank you Qui! It's getting harder to get properties. 2 weeks in Detroit and I still cant find one deal!

@Max Smartwell

Gentrification=better neighborhoods=better people=more businesses=safe, nice and quiet communities

If it improves the area, then it's a good thing. If it displaces people, I assume they where not ready to be a part of it.

@Alex K.

For me it's buy and hold in the city and the suburbs, since this is a rising market. I fancy the Airbnb route to maximize the returns even tough it's more work.

@Angela Salvant

Hi Angela, I am also a new investor here. Just moved last week. Perhaps we can connect and share ideas.

@Jamiel Strickland

Hey Jamiel let's meet sometime, I need to learn the ropes fast and I value your expertise with Detroit.

@Lassy Gnini

Sure lets connect send me a pm.