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17 January 2025 | 4 replies
If I were to approach a seller of a $200k home, and they had a remaining mortgage of $100k, could I get a new bank financed loan for that $100k, and have the seller finance the remaining $100k of equity to me?
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19 January 2025 | 6 replies
Almost every realtor has several investors ready to invest at least $2 million in cash.If you’re planning to use hard money loans, agents won’t show properties without prior proof of funds.I’m curious, is this a general market trend in Ohio or just this particular realtor’s approach?
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10 February 2025 | 71 replies
His "buyers" - who could not qualify for a loan because, presumably, they could not convince the bank they made enough to cover PITI payments - inevitably defaulted, and after a few months he would evict and start all over.
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16 January 2025 | 0 replies
Financed Loan Amount: $172,0004.
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19 January 2025 | 61 replies
They will continue to get 360 month loans for the 'cash flow'.
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20 January 2025 | 1 reply
I have a great one in Kansas City for over 15 years that I've used multiple times (only auto loans however), but hoping to branch out locally as I begin my investor journey in Arizona.
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28 January 2025 | 11 replies
You can talk to the bank about a loan; however, my bet is they will want some form of contract and scope of work and will only pay him at set milestones.
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10 January 2025 | 6 replies
There are plenty of varying job opportunities in the real estate industry.Ask yourself: What skills do you have?
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9 January 2025 | 4 replies
., income, credit score, rental history) to evaluate applications in the order they are received.Notify Applicants: Let each applicant know you will process applications sequentially and explain your timeline for review.Act Promptly: If the first applicant meets your criteria, move forward with their application and provide them with a clear deadline to sign the lease and pay the deposit.Move to the Next: Only if the first applicant does not meet the criteria or declines the lease should you proceed to the next application.By focusing on one application at a time, you simplify the process, maintain transparency, and mitigate any potential fair housing concerns.Lastly, since housing laws can vary by location, double-check Arizona’s landlord-tenant regulations to ensure compliance with any local rules about how applications are handled.Best of luck with your rental process!
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13 February 2025 | 25 replies
So they often will reduce the leverage of the loan (getting 65% instead of 75%) or deny it (which isn't as likely).