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All Forum Posts by: Joshua Hawkins

Joshua Hawkins has started 1 posts and replied 4 times.

Post: 2nd mortgage

Joshua HawkinsPosted
  • Tulsa, OK
  • Posts 4
  • Votes 0

When wholesaling there's a lot of hidden costs? interesting. So if i want to do an actual flip, the Hml will front me the cost to rehab the property? @Tom S.

Post: 2nd mortgage

Joshua HawkinsPosted
  • Tulsa, OK
  • Posts 4
  • Votes 0

Okay most definitely. I'm going to a seminar soon, maybe I can find someone there. Thanks for the help and tip!

Post: 2nd mortgage

Joshua HawkinsPosted
  • Tulsa, OK
  • Posts 4
  • Votes 0
Originally posted by @Rob Green:

Joshua,

I'm not sure I understand the situation. Is the hard lender suggesting that you borrow money to pay the title company fees? 

 I believe that was what she was saying. I when I was talking to her, she was saying that I would have to pay the title company for putting the deed in my name and closing the deal. Well I explained to her that I had no money. She said I should go to a bank or friend, and if I went to the bank I would have to get a second mortgage on the house. Well My credit is terrible, and there's no way I can get a mortgage through through the bank to pay the title company.

Post: 2nd mortgage

Joshua HawkinsPosted
  • Tulsa, OK
  • Posts 4
  • Votes 0

I'm new to this. Before I go out and start I've been getting everything all set up. I've got my investors, I've got my title company, I just have to find a realtor, and lastly I have to find a house. My question is though, when I was talking to the hard money lender I'll be going through, She said I would need to get a second mortgage to pay the title company. I need some advice on how to pay the title company with a second mortgage or if there is another way.?