2 December 2017 | 11 replies
Instead, I would strongly recommend acting as a "bird dog" or finder and then referring the notes you find to an institutional investor for a fee.
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21 November 2017 | 9 replies
I say all this to ask my real question: How the hell do I present this professionally to a person or institution so they can feel reasonably inclined to take a chance on me and the deals?
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20 November 2017 | 0 replies
It is a 3/2 1250sqft SFR with an absentee owner in Royal Oak, Michigan.
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20 November 2017 | 7 replies
If development is the selection, utilize proforma analysis and the schematic plans produced by the design team during the entitlement phase to introduce the project to institutional debt and equity sources for determination of underwriting criteria and to obtain initial terms sheets and commitment letters for financing.
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11 December 2017 | 17 replies
Having said that, I would strongly recommend (for a number of reasons) that you speak with a lender/broker who’s well versed in VA loans, rather than trying to go through an institution like quicken/USAA.
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25 November 2017 | 5 replies
Originally posted by @Tom Gimer:@Patrick MartoneIf you refi out of your HELOC, your line of credit will be closed and you will no longer have access to it.If you have a bunch of equity in the subject property, you could ask the bank to increase the line OR or you could get a new first and at the same time pay down and subordinate the HELOC.Hmm, I'll have to double check, but the fine print mentioned something about getting up to 3 fixed-rate loans. it seems common across different institutions.
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29 November 2017 | 10 replies
You could also cash out refi with a variety of lending institutions.
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3 May 2019 | 17 replies
Even if they institute their new 1.2%/yr funder's fee as filed with the SEC this month, the max that would generate is another $600k. (1.2% of $50mil)Assuming the average GF loan size is $150k, the most the company could offer as a Tier II would be about 333 loans/year or 27 loans/month. ($50mil / $150k) GF currently is offering around 20 loans/month so they can certainly reach their legal max in short order.
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28 November 2017 | 18 replies
In this instance this woman has been a homeowner (and previously living in a new house) so there are two strikes against her liking being a renter and living in an older place.I do like the suggestion that, if she continues to be a royal pain in a low spot you either consider offering to let her buy your house (if you are interested in selling it) or offering her the "Happy Clause"; however, in doing the latter you'd have to return any unused rent.
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29 November 2017 | 3 replies
That's true; I meant commercial bank loans vs conduit or institutional debt.