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5 February 2025 | 16 replies
He may accept a lower rate than bank financing.
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20 January 2025 | 31 replies
At least that avoids the banks closing costs right now.
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3 February 2025 | 3 replies
The seller offered financing with 20% down, which I used to buy the place.After starting construction and realizing it was going to cost more than expected, I approached a small local bank that knew the property and would offer the rehab financing.
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4 February 2025 | 17 replies
As far as bank is concerned, I am still the borrower, because we did this transfer behind the bank's back.
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24 January 2025 | 0 replies
.- Military Presence: With U.S. military bases across Germany, local banks are accustomed to assisting service members with financing.How to Qualify1.
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30 January 2025 | 4 replies
and trailer stolen, workshop robbed 3 times, business bank account hacked and Not Insured (w a bank name like C#@$e), hip replacement, Botched oral surgery for sinus cyst 3 times, So Far, that caused an infection that kept me from working most of 2024 and just now recovering.SO Fire Sale February for me But I’m too broke to finish a punchlist to keep rental certificate open on top of living expenses and cover unexpected bills.Seeking micro bridge loan in the $5-10k range to be repaid at sale of house.I have another small single family paid off and rents for $950 as well.Any advice or suggestions for resources Greatly Appreciated
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29 January 2025 | 2 replies
Quote from @Danielle DeCormis: Working on a deal where the home has been foreclosed on by the bank but they indicate they have no knowledge of the solar panels or whether there is a lien.
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30 January 2025 | 13 replies
Wrapping 3 properties into one blanket loan shouldn't be a problem, save these are sitting on any sizeable acreage.You might get lucky and find a unicorn local bank or credit union that would consider that kind of leverage, but I would say overall, those terms are very unrealistic.Cheers!
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14 January 2025 | 8 replies
You will need the cash to build it and I doubt banks will be favorable with lending terms.
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23 January 2025 | 5 replies
So if I understand, you would get a loan the normal way and then the bank trust is an extra fee that comes along with owning the property in Mexico?