
5 August 2024 | 4 replies
I am an industrial mortgage broker and I would be happy to walk you through available programs and pricing.You said this is a single, sticky tenant?

5 August 2024 | 1 reply
Maybe a good program to add to the roster.

5 August 2024 | 6 replies
I would also shop with a local mortgage broker as currently United Wholesale Mortgage is running a 125 bps special on Government refinances through the end of September meaning if you did go FHA streamline then you should be getting a rate of around 5% (borrower paid)4) If you havent asked, at 700K+ loan tell your lender you want to go Borrower Paid and you expect them to only charge a 1% origination charge fee.

5 August 2024 | 9 replies
Howdy Folks,I want to create options for my sellers moving forward to help ease them into the possibility of providing private seller financing for buyers.I have come up with a list of 3rd party loan servicing businesses, but I also want to provide a software option where the seller can more directly manage the loan.First, let me share the list of 3rd party servicers (please let me know if an awesome player in this space is omitted):Evergreen Note Servicing | Note Servicing Made SimpleFCI Loan Servicing - Loan Servicing Programs for Lenders of any size.Loan Servicing - Weststar MortgageNoteSmith HomeMortgage & Note Servicing - Note Servicing CenterWelcome to Statebridge - Statebridge CompanyLogin - AlliedServicing CorporationI really have not found any good software solutions that would fit well with a seller who may have just one private loan to manage.

5 August 2024 | 15 replies
The alternative we've used is a "Buy Before You Sell" program.

4 August 2024 | 3 replies
However we've been hearing a lot about how lucrative Airbnb and 30+ day rentals are, even to businesses/government agencies/etc. so are looking to connect with someone in that space.

2 August 2024 | 4 replies
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4 August 2024 | 5 replies
You really need to educate yourself on your own state's laws, as every state administers their own programs with federal money.
4 August 2024 | 1 reply
@Mat FisherMost programs are very expensive which is why it’s easier to pay a servicer $25-$35/month th manage that process and they will also do all the tax forms and handle escrow

5 August 2024 | 3 replies
The inability of the tenant to pay rent significantly affected my cash flow, and despite the availability of state aid programs, it took several months to bounce back.