All Forum Posts by: Tim Daunch

Thanks all. In order to be brief, I left out a key component of the story, i.e. we've controlled the property for a year now (2-yr lease option), added a fair amount of value (from 25% occupied to 11/12 occ in 3 months!), substantial reno investment, etc., so I esp. appreciate Todd's comments re: value add. @Tim Milazzo - great stuff! - it hadn't occurred to me to use a web page format in addition to a more traditional PDF.

Wondering if anyone has a sample or template they could share for preparing a "package" for a potential lender (for commercial apt bldg)? I'm looking for a professional looking way to present the usual docs, like Exec summary, financials, mkt analysis, rent roll, etc. I've been told that presentation can really affect perceived value (and may even influence a mediocre appraisal). Esp. interested in a compelling exec summary narrative.

Thanks!

I am flipping houses. I'm running into potential buyers challenging me with "I know what you paid so I'm only willing to pay "$X". In Ohio, the recorded purchase price comes from the purchase price listed on the HUD-1, which the title company gets from the purchase contract. My goal is for the sale to be recorded in such a way as to conceal my actual purchase price.My question is how to write an REO purchase offer that will be accepted by the bank for "$10 and valuable additional consideration".

I often see the recorded sale of a house to be "$10". I realize that for a sale to be legal, some exchange of value must occur, hence the token amount. These are legit sales , not sheriff or quit claim. Between private individuals, the purchase contract language is something like "$10.00 and additional valuable consideration". Naturally, that "valuable consideration" is where the actual money is.

Thanks in advance!