All Forum Posts by: Bryan Silver

Beat me to it! This is excellent news for A paper borrowers that has been limited by the number of financed properties they own. Although criterion is much tighter - its still a very good start.

Orlando here! Always looking for exceptional deals with LTV's ranging between 40-60%. Currently, I am swamped. Dinner plate is full. But hey...I am always looking to network, establish new contacts. If you have projects that meets aforementioned criterion, please forward them to me. I will take a serious look.

NYInvest:

Check your inbox.

Happy Holidays to everyone!

Experiencing my first warm weather (80 degree) Christmas. :)

Jim:

This topic has been discussed before. If you find a property w sufficient equity you may be able to incorporate DPA. Loan at 80% LTV; DPA at 20% = 100% financing.

Seller flexibility is key to any transaction.

Of course, source of seasoning; PITI requirements may come into play, but hey.....

Plenty of money to be made in this market.

Just because our nation is experience a recession doesn't mean one has to embrace recessionary thinking.

Earnest deposit, yes! Down payment, no!

From my experience, bank/lender will only require earnest deposit and pre-approval letter from lender (source of funding).

Another Central Florida (Orlando) investor here!

Harrison:

The only other option I can think of (well...not the only one (lol) is to utilize private/commercial lender. Lately private/commercial lenders are doing 90% LTV stated income loans up to $1m; anything above $1m - 80%.

Until recently, these loans were deemed obsolete - but they have made a comeback. How long? I am not sure. If you have buyers that have 4+ properties & are looking to add additional properties to their portfolio, they probably should go this route.

Rate may be a bit high (7.1-7.5%) but they will have a 2, 3 year window before balloon payment kicks in; no prepayment penalty.

Of course by then, you would either have property sold or refinanced.

.

Some really solid suggestion here. In fact, some of these suggestions I might have to heed myself. :0

Alex, if you don't feel like subscribing to realty trac or some of these other (pre) foreclosure websites, simply go to county recorder's office or contact county recorder's office in your target market and acquire list of Lis Pendens, NOD's nearing default (to be auctioned).

Hope this helped.