All Forum Posts by: Mark F.

Agreed, reach out to @Mark Ainley for that! 

@Ashley Budyak and THAT is exactly why I tagged @Zack Karp in this thread, he is a great resource, is local and knows his stuff! 

@Ashley Budyak I also recommend you reach out to @Zack Karp, he is an investor friendly mortgage broker and will give you sound advice on how to proceed under your current situation. I know I've said it before on other posts but will say it again, he and his team are ROCK STARS and will take care of you however they can and he is my go to conventional lender without a doubt.

@Ashley Budyak he should get back in touch with you on here if you messaged him or you can try him through is realty company as well. If you don't hear back from him in a day or two PM me and I will reach out to him but I'm guessing he will be in contact with you when he can. 

Welcome to BP, you've come to the right place!

 https://tanisgroupllc.com/ContactMeInformationFrameless

@Ashley Budyak I second, or make that third the vote for @Joe Mueller, he owns TANIS Group Realty in Algonquin and was having monthly meet ups at his office before the pandemic hit. Joe was, and continues to be an invaluable resource in my REI.

Mark 

@Elier Roman welcome to BP, I am from Elgin also - its always good to meet another person from Elgin. If you are looking for a rock solid lender, listen to @Zack Karp he and his team are investor friendly and my go to guy for conventional lending, I've used them several times and have always been happy with them. 

Mark

@Kwame Knights, what I have seen from the couple of properties I have purchased from wholesalers is that the wholesales attorney (Illinois is an attorney state) has a huge kickback in line items to both sides of the deal, and since you the buyer are paying them, no one else cares. I also suspect, but have no proof, that the wholesaler is then getting a kickback or "referral fee" from the attorney after closing to help line their pockets even more. I've had closing where the closing costs were $5000-6000 because of these added fees onto the title policy.

One one deal I had a prior existing relationship with the title company and the seller/wholesalers attorney agreed to honor the line item pricing they give me and on the other deal since I was paying both sides, by law, I get to choose the title company and threatened to pull the deal if they didn't match the fees I was given/quoted at other title companies. On that one the attorney reluctantly agreed and turned out in addition to his "seller attorney fee" on the Master Statement he had over $2500 that was going back to him for pulling title that was hidden in the title policy cost. 

Perhaps others, like those who wholesale, could provide a better reasoning. Excluding situations as described above it could just be they want a clean transaction that they make $XXX and don't have to worry about anything else. 

@Joshua Rawls Joe is a great guy and always willing to help, he became my mentor when I was first starting out and is a wealth of knowledge. 

@Joshua Rawls reach out to @Joe Mueller, he owns Investors Title Services LLC as well as TANIS Realty Group and is an investor himself. His title company is designed to save investors money at buying/selling closings since there are so many hidden fee's in the closing costs that he was able to eliminate.

https://investorstitleservicesllc.com/   

Mark 

@Steen H Chery, I second the vote for connecting with @Joe Mueller, he has monthly meet up groups at his TANIS group office in Algonquin which is only 20 minutes or so from you. Joe was an invaluable resource to me when I first got started, and actually still is, he is a wealth of information and is always willing to help out new investors.