All Forum Posts by: Jason Hernandez

So what happens if you use a transactional lender to fund the a to b transaction, can double close with C the buyer is that still against the law with the RE commission?

My father past away in 2014 all the lenders I speak with either won't lend because of the age or because it's not on a foundation I've thought about them getting a loan for the land then doing a 24 month lease option, then getting a loan to buy the remaining out. I also was curious if there may be some private lenders who may be interested in a 3 to 5 year term not sure who to reach out to on that part

Yeah they haven't purchased the land yet and don't have that big of a down payment. They are looking for a loan for both the land and property at once .

Hi there I'm trying to sell my fathers double wide mobile home in Indiana and my potential buyer is having issues getting financing is there any lending institutions that you k now of that can help ? The couple I'm working with is looking to move it on to their own land and put it on a foundation.

Thanks for the info!!!

Hey Everyone,

Does anyone know of a good site or a good way to raise money for rehab and 5-10 year financing for purchasing rental properties. Any websites or company referrals would be great. I am looking for a group investors, or companies that don't base this off of credit, but more into leveraging equity depending on what the ARV and what the long or short term investment they will receive. I've heard of Crowdfunding sites and please provide me any opinions or experience with these.

Thanks,

Jason Hernandez 

Guys,

  Thank you all for you input. I would like to get into this and eventually get my license, but after I get a few deals under my belt.  I like some of your ID's with subject 2's and wrap arounds Brian. I'll have to read up more on that area. I am mainly interested in Lease Option Assignments. Basically getting in the deal and getting out. I think that method would be best used when working with a realtor  especially if I want to go into other markets. I'll have to check your video as well when I have time. @Brian Gibbons Can you explain what you mean by owner occupant? Does that mean that the tenant who is going to purchase the property will one day be the owner? I just need a little clarifcation.

Thanks,

Jason 

Guys,

  Thanks for all of your input. Brian I have watched quite a bit of your videos on youtube and I think using a realtor for lease option assignments or sandwiches would work best. I like the way you present it by offering the realtor the first month of rent for them as their commision. I am not sure how wraps work and only understand the basics of sub 2's. My concern about this is the limit you can do under over a 12 month period under the Dodd Frank act. I believe  that there is a 3 deal rule for them and land contracts under that law. 

Thanks,

Jason 

Hey Guys,

 I am interested in starting to wholesale and do lease option assignment deals in Ohio. i was wondering if anyone is doing this and if so if your using a realtor. I have heard alot of news that the states real estate commision is cracking down on unlicensed brokering. I have heard mixed thoughts on this from so called "gurus' stating that you can market a property as long as you are principle in the transaction and have equitable interest. Others say it doesn't matter you still have to have a license or have a realator. I wanted to get some thoughts on this and see what the best practice is.

Thanks,

Jason Hernandez

Also if i go into this are of investing I plan on working with a mortgage broker to get the buyer tenants prequalified and have them go through a credit repair company to get any issues they have taken care of. I am looking at not getting involved into the deal for more then 2 years. But I want to set up both the buyer for success, and give a fair price to the seller. I only want to do this if all parties win. Thats what I like about this part of the business. Unlike other methods of investing.