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23 September 2024 | 20 replies
We did have a problem with a small local bank, they were confused about a Texas address (mail service), wanting to buy property in Kentucky, and no "home" lol.
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20 September 2024 | 31 replies
As far as the selling bank is concerned, there is no other investor.
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20 September 2024 | 13 replies
Also if you have very good banking relationships you might get your local community bank that you have all your accounts with to do a loan..
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24 September 2024 | 27 replies
They had to do it, otherwise many banks and commercial customers are at the point of refinancing and the Government itself is at a strategic debt refinance point; thus, if they didn't lower rates, it would have been a catastrophe short term.
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18 September 2024 | 4 replies
Seller shall have the right to seek the entry of an order by a court of competent jurisdiction enjoining any violation hereof.What is commercially unreasonable or create any liability for seller?
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22 September 2024 | 12 replies
So you’re stuck with a problem. if you have a good real estate agent that wants to help you, that person will request proof of payment ie bank records showing the tenants pay regularly … but I’m no expert.
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20 September 2024 | 5 replies
There are a few banks that offer lending, but the terms are terrible.
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20 September 2024 | 7 replies
The bank I'm getting the loan from requires insurance to be in place prior to closing.
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20 September 2024 | 4 replies
Speed of Financing: Time is crucial in fix and flips, and traditional loans (like bank loans) can be too slow.
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23 September 2024 | 21 replies
If you're going for non full documentation loans then there are other methods to qualify as well (rental income/ bank deposits/profit and loss/no income/etc) but these loans have higher rates and costs typically.