All Forum Posts by: C. Raine Williams

I recently tried NOPsites, found website after doing research and comparing cost, and after finally signing up, I noticed their templates were too basic and didn't give option to include seller uploads and questionnaire.

There customer service response is lackluster, they give an option to submit a ticket but it doesn't go through, leaving you to email support multiple times. Signed up on7/16, sent 3 request so far to cancel...we'll see what happens.

In short, if a site doesn't have an actual number to call and speak to a rep, be leary.

Quote: "The key there is Not to pitch him, rather take him out to dinner and somehow the conversation will turn to some RE investment project you are working on where one of your private investors just got paid 10% returns. (Something to that effect)."

This is sound advice coming from Jason! You definitely do not want to sound like your pitching an idea, rather express an opportunity instead with some sincerity.

Congrats and Much Success!
Raine

I can understand @Corey Dutton point and the point of others. There are two different situations that happen when someone is searching for the "best" loan program and has found a program but gives the assumption that they are "sticking" to it but don't. I have worked on both sides of the fence. Working with a principal who gives you all the reason to think they are "all in" then turns into "slim shaddy" is not cool. Pehaps "shopping" was or is not the right term, I get it. I would like to think of it as "searching/due diligence" for the best rate and term. Not all loan programs are created equal, and not all lenders who say they are legit are.

I can see why the changes are in place, not surprised though.
Squeezes investors out of the loop for going FHA at 3.5% no credit required.

Thanks for sharing.

Very informative video. Thanks for sharing Brandon!
Will post to my FB page.

Raine

Hi George, Thanks for sharing the info on class of building. I suppose depending on the class - credit tenants versus Sect 8 becomes a matter of decision as well. Here in MA, new property developments require 10% be reserved for affordable housing, this I am sure is all a matter of location.

Good for you Antonio! Great negotiation skills! Curious...Did seller require a EMD? Keep me posted.

Raine

Brian Feltz Please do tell! How were you able to put the property under contract without the EMD?! Here in MA it is a requirement when an offer is made. I wonder now is there a way to get around the EMD here as well?

Raine

Hi Joel, I appreciate your response.

My partner and I are trying to purchase multifamily units and have look at several properties in the TN and TX area. I have heard similar to what you have said and yes, it would depend on several factors.

I think the reason we've been told to stay in the 7-8% range was for qualification purposes. If an investor was all in "skin in the game" it wouldn't matter too much.

Raine