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19 August 2024 | 8 replies
its not guaranteed until the title commitment is done and in hand.. lenders want that a few weeks in advance so they have time to review it and check that there is nothing on title they dont like or is a deal breaker to funding.. they dont want to do all the work then have one day to review and approve title. these companies work just like a bank they have set process's and getting title commitment and funding same day is not one of them. now myself I will without title insurance.. and rely on a trustee's guarantee and my borrower if something does not go right then my borrower has to make it right.. so it takes a very special borrower that has that capacity.. and or have earned my trust.
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21 August 2024 | 27 replies
In the meantime we are building our resources to be ready for the next market reset (if it comes) so we are prepared to go on another buying spree if sensible opportunities present themselves.
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17 August 2024 | 7 replies
To get started, educate yourself on real estate investing, join local investment groups, analyze the market, prepare financially, find suitable properties, and analyze the deal.
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18 August 2024 | 16 replies
I'm not opposed to this program but am somewhat confused by all the somewhat ridiculous fair housing laws that real estate people have to tiptoe through and then they offer these special deals to only this select group of people?
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20 August 2024 | 19 replies
All the roofers who have been up there were saying the roof is good and the leaks were due to other issues (installation of RTU, design of a special thing on top Jinya Ramen), not the integrity of the roof.The roof warranty was transferred to us and is not null and void.
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18 August 2024 | 29 replies
We found out about the fake mortgage when reviewing title work in preparation of closing with an end buyer.
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16 August 2024 | 2 replies
I was interested in commercial and investment property, so joined a mid size commercial brokerage as a broker - associate.Most brokers/agents at that time, even more so than today, did not “specialize’, at least with very specific parameters.
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16 August 2024 | 2 replies
It sounds cheesy, but the best way to prepare is to work with a friend or two and role-play.
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16 August 2024 | 17 replies
Here's a rundown of our current financial situation and REI experience:Current Properties:Short-term rental in the mountains of NC:- Owned outright- Grosses $2-4k per month- Valued at $400kCondo in Charlotte, NC (long-term rental):- Owned outright- Rents for $2.9k per month, cash-flowing $2k per month- Valued at $350kPrimary residence:- Located in NC- worth $800k, owe $200kMy wife is also a minority partner in an investment group that specializes in BRRRing foreclosed properties.