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6 January 2025 | 2 replies
Missing these dates can have dire consequences.Schedule third-party inspections early and submit lender applications promptly.
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7 January 2025 | 7 replies
Well I'm not a lender or loan broker but I try to keep my ears open about loan products in Puerto Rico.Ā
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4 January 2025 | 4 replies
@Daniel Medellin Regarding your question, it would depend on the lender or bank you're working with if you want to go that route in the future.Ā
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7 January 2025 | 7 replies
I'm an asset-based (hard money) lender from Atlanta with an extensive 15-yr background in residential and commercialĀ real estate looking to learn more from the BP community and how IĀ can help those that need investment financing.Ā
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11 January 2025 | 31 replies
Other states you must cure within 5 days of the sale and the lender can allow it or they can refuse.Ā
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8 January 2025 | 3 replies
I am having problems finding DSCR lenders with favorable terms in Florida.Ā
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4 January 2025 | 12 replies
Long story short, you can, but since you are only targeting investors, your sale price will likely be lower than comps.Talk to a local agent about your local tenant laws and have them review their lease
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11 January 2025 | 6 replies
I work with a few clients who do Section 8 very well.If Indy is on your radar, Iād be happy to share market insights, connect you with lenders, or discuss deals that fit your strategy.
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7 January 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an āinvestmentā property so Iām new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?