All Forum Posts by: Fred Shandler

Are local/independent banks typically more flexible with their terms on commercial loans, too?

can someone lend some insight?

Thanks,
Fred

I'm confused about commercial vs residential mortgage. If the properties will be purchased in my name (before quit claiming), then this is considered a residential loan, correct? So, why would I speak with someone who specialized in commercial lending?

btw, I really hope I'm doing something wrong because I've tried 5 local banks who do NOT lend based on LTV of assessed price (each time I spoke with someone in residential lending).

Thanks,
Fred

another strong vote for Mike's book. I always refer to it for information. He also is a huge poster here, so read his posts too!

can anyone share examples of what to say in a letter to an absentee owner? Do you mention anything about them potentially financing?

Thanks,
Fred

What are some key points to mention in letters/postcards to absentee owners? I'm not sure if short and simple or specific and detailed is the way to go, for my letters to absentees.

What do you think is most effective?

Thanks,
Fred

Yes, I know both are primary resources for purchasing. Have you found there to be more homeowners willing to sell low, or investors, who are willing to do so?

now can anyone post a sample of a letter to an absentee owner/investor?

Thanks.
Fred