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27 May 2019 | 23 replies
It seems that I can never find a website with a legitimate company associated with any of these various commercial lenders.I guess I was curious what others have run across?
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6 October 2012 | 4 replies
Seriously, that sounds like a legitimate survey to you?
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15 October 2012 | 34 replies
In cases where the investor wanted to sell within 180 days of purchase (again, that time-frame is the interpretation of most underwriters), and where the sale price exceeds the previous purchase price by more than 20%, the lender will be required to take extra steps to ensure the sale is legitimate.
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23 October 2012 | 11 replies
Liquidity will enable you to do some flip deals along the way in your RE career.
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15 October 2012 | 0 replies
The point here is the credibility is making sure that the contractor or sub-contractors are legitimate contractor’s or sub-contractors which brings more credibility from the bottom up.
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23 October 2012 | 19 replies
Some do legitimately need some moving help.
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4 November 2012 | 27 replies
He didn't bother looking at any of my documents (purchase & sale agreement, mortgage, leases with my current tenants, etc.) that would have demonstrated a legitimate need to run credit checks, which surprised me.It was a rather silly exercise - though I have a locking file cabinet (which the investigator photographed), that's not where I store my rental property info.
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23 October 2012 | 9 replies
If you purchase a 4-unit and reside in one of the units, you can qualify for super low FHA financing (3.25% for 30 yrs, with just 3.5% down payment), the other three tenants will probably enable you to live for free (in fact, some FHA lenders limit the max loan amount such that 75-90% of the rental income covers the property's PITI), and you will get some great experience.Since you're renting currently and are a good borrowing candidate, this is an ideal way to go.
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25 June 2007 | 4 replies
Email it to me and I can tell you if it appears legitimate.
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24 July 2007 | 1 reply
It enables me to get better deals and close quicker because I am a cash buyer.