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15 December 2024 | 18 replies
When speaking of a strictly commercial loan that is a different animal as is not 2 units purchase first time buyer which @Thomas Lebens states he is.
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18 December 2024 | 45 replies
I started my OOS HML career in Detroit and that was 2002 and WOW coming from our area what an education I got.. my clients that were doing turnkey at the time and all the buyers were out of state ( basically LA based) the local on the ground operator was very good he had all sorts of tricks to try to keep the houses safe.. the one i really liked was painting the copper pipes grey so thieves would not steal them..
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13 December 2024 | 8 replies
You have to guarantee the loan but you are not a buyer of the property.
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11 December 2024 | 2 replies
Jonathan, just to clarify the process: After I get seller under contract t, I then find the end buyer, and the second contract is between the agent and the end buyer.
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13 December 2024 | 4 replies
The only exceptions I can think of are a lack of experience frustrating your financing process or where the GC has such a well established brand that a buyer will pay a premium for a home built or renovated by that particular contractor.
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17 December 2024 | 20 replies
So, even as the Fed lowers the Federal Funds rate, and as we see the spread between the 10-year treasury yield and the 30 year mortgage rate shrink, upward pressure on the 10-year from longer-term foundational pressures will see mortgage rates tick up or or at least hold steady.While this is neutral/slightly negative news for home buyers, it is very bad news indeed for our friends in the commercial real estate world, who are really seeing the best case scenario for the 10-year right now.
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16 December 2024 | 1 reply
If your rental property is occupied, there are different rules that apply for selling to an investor versus selling to a buyer who intends to occupy the property.
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10 December 2024 | 0 replies
Take for example, while representing buyers in single family transactions, during the negotiation, I ALWAYS ask the sellers to credit the buyer(s) up to 3% of the asking price toward the buyers costs.
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11 December 2024 | 1 reply
First impressions matter and presenting a property in its best light can attract potential buyers and increase its market value.
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3 December 2024 | 8 replies
@Kent Ford Yes, Texas is very good for first time home buyers.