17 March 2017 | 6 replies
Any information and/or references would be greatly appreciated.
28 March 2017 | 1 reply
Does anyone have a referal for real estate agents who have experience with these types of properties in this area?
21 March 2017 | 5 replies
She would have to sell it at a discount - since the note would not be seasoned - the discount would be higher.The note should be attractive to a note buyer - some points;Short term balloon - 3-5 years - could be amortized for moreAn attractive interest rate 6-10%Additional collateral from buyer (mortgagor) you could build in release clauses If she needs $30,000 - make the note for $35,000 (to cover the discount)Get credit reference from buyerGet real estate history and field experience of buyerCreate first mortgage - not a secondNote should be non-assignable or assumableAll of the above will help sell the noteAdvertise for NOTE BUYER - make calls - go to the internet - run ads in legal papers, contact REIA's in the area.Additional she could keep the note for a year to season it - that would help with the history of payments.Good luck
6 February 2017 | 3 replies
welcome to pm me I have someone to refer
24 February 2017 | 3 replies
Many trades work well with the trades before and after them, so if you find one sub that sounds legit that you want to work with, they can likely refer you to like minded subs that will do like quality work - who **most importantly will work well and play nice with other subs**.
7 February 2017 | 2 replies
(My PA re license is pending a state exam next week, but I can also refer you to other agents if you wish to PM me).
7 February 2017 | 1 reply
I would ask how quickly they can close, if they're a direct lender (meaning do they have the cash on hand to close tomorrow if they wanted to, instead of looking for investors to fund your loan), ask for references (past clients, vendors they use).
8 February 2017 | 11 replies
We aren't a bank and therefore tend to swim in the higher loan amount pool (and that's okay, we refer them out or counsel them to search elsewhere).It's difficult to generalize about products because each person has their own issue that they want to accomplish; lower payment, don't want to pay taxes so they don't really qualify full doc, lots of cash out, no seasoning and myriad others.
8 February 2017 | 12 replies
Sometimes people will really be referring to the overall market like say DC verse Detroit...or to the age of the construction, or the tenant base, or the price of the rents.
8 February 2017 | 4 replies
@Ross Denman I absolutely understand where you're coming from.I'm absolutely against the "predatory" approach, as you call it.I'm not really referring to attempting to wholesale a wholesale deal.