All Forum Posts by: Herb V.

Speaking as a man with experience with Adam, he knows his stuff and should be well listed to. Him and Michael Carbonare and Claude Diamond are the kings of the cooperative lease option assignment. Adam its great to see you here come back more often. Herbster

Thanks everyone for your input. I will make my offer with a contingency that the hold must be waived. herbster

What lenders require a 30 day hold on SS's? Herbster

Its been brought to my attention that HUD requires payment 24 hours in advance of closing. If this is true, are there any transactional funders that will go 2 days instead of the normal one? I would be using an LLC just for the flip. Herbster

Yep, this happened to me a couple of months ago. They found my password somehow and stole all my contacts. I would have never known eccept that I have 2 Yahoo accounts and sent myself appartently the bogus link. I took precautions so this wouldn't happen again but the damage had already been done. Herbster
PS current accounts are safe.

The downpayment is good but the interest is to low. I suggest 8% for a great credit buyer and higher for one with poorer credit. I think 7-10yr balloon would better suit a note buyer if you go that route. IMO, Herbster

Your Agent doesn't need to know. Unless they do their own investing they wouldn't know. Herbster

Ryan, Welcome from Kalamazoo, the Herbster

Ker, John is right on this, I just checked it out for my lease option sellers. My mortgage broker said 1 year, chase said 2 years but my small local credit union requires no seasoning. Check around. Herbster

Dan, Michigan property values aren't much different than the rest of the country. The problem I have is finding a buyer with a good solid job. Herbster