Arron Paulino
How do Subject To Offers work for the seller? Won't the loan be called due?
7 November 2024 | 21 replies
The loan can be called, but in the 45 years I have been doing this I can only recall a handful of cases and it usually was Credit Unions or private money lenders.
Bala Anirudh Kurakula
Re: Partner Opportunities by SummitCapital Partners
7 November 2024 | 51 replies
Its way easier to take a couple million from a bank or credit union through a Line of Credit than it is to please 100 small time investors with $50k invested.
Loren Cota
Wholesaler on Big Island
5 November 2024 | 15 replies
Some of our local banks and credit unions have great deals - much better than national lenders.
Deepak Malhotra
Line of Credit on Property in LLC
4 November 2024 | 19 replies
It's probably best to go to local Credit Unions and small banks for those than large institutions at the moment.
Clay Hall
HELOC needs Quit Claim Deed??
2 November 2024 | 8 replies
I talked to two different local credit unions about pulling 300K in locked equity out of our former primary home that we converted to a short term rental last year.
Jamie Parker
Seller Financing into Long term debt service products
9 November 2024 | 21 replies
(local community credit union).
Henry Lazerow
Chicago anti gentrification ordinance has passed
7 November 2024 | 15 replies
The notice of sale must include an executed duplicate original of the third-party purchase agreement and make available specific details about the property including the most recent rent roll, list of vacant apartments, income and expense report for the 12 month prior to the notice and any other information the Housing Commissioner may specify by rule.Tenants’ first right to purchase the building before a third-party (‘Right of First Refusal’)Tenants in buildings with five or more dwelling units have a period of 90 days from receipt of ‘notice to sell’ to form a union to exercise their “right of first refusal.”
Alyssa Lake
What kind of terms would you expect for this kind of deal?
1 November 2024 | 7 replies
And where do you think you can get rents.We've been able to secure 80% loan to cost on these types of deals with a credit union recently. 6% is a good rate, but I would see if you can shop around the LTVGood luckGino
Rochelle Gerber
Struggling to find decent hard money
1 November 2024 | 14 replies
Most banks or credit unions simply wont do them post the GFC..
Jamin Catalan
Steps to make my first ever land purchase
1 November 2024 | 2 replies
Traditional banks sometimes balk at it because they see it as riskier, but local credit unions or regional banks tend to be more open to it, especially if you can show a solid plan for development or resale.