Account Closed
Due On Sale Being Called!!
13 January 2025 | 41 replies
They send over 3 months of notices from the bank. $10,000 has been collected by the lender and is in an “unapplied” status due to the short payments.
Kody Smith
Hello, I'm just Getting started with creative finance.
20 January 2025 | 2 replies
.- Collect Tax Certificate to verify Property Taxes are Paid- Get a current statement from the seller to verify the existing balance, if they are delinquent, you can get the bank on the phone to verify the amount to make the loan current.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.
Bob Avery
Understanding BP Lease Fields
9 January 2025 | 3 replies
(G) Acceptable forms of payment of Rent (including Additional Rent) are ___ personal check, ___ cashier’s check, ___ bank check, ___ money order, and ___ the following online/ACH payment methods ____________________.
Jeremy Beland
The Crazy Title Issue That Almost Ruined Our Deal – But We Got Creative!
13 January 2025 | 0 replies
It wasn’t ideal, but it was the only way to keep the deal alive.I made the drive to her small town, met her at a local bank, and had the paperwork notarized.
Ken M.
Creative Financing for 2025
2 January 2025 | 10 replies
I may be misunderstanding your question.In an "assumption" (it's an actual banking term with a definition) the bank takes you though the same hoops as if it's a new loan.
Joshua Manier
HELOC for 2 unit investment property in Chicago, IL
15 January 2025 | 8 replies
I’d suggest starting with local credit unions or community banks—they’re often more flexible with investment properties.
Jason Hatfield
Buying a house at auction
15 January 2025 | 8 replies
It actually went to auction initially on the 8th but no bidders except the starting bid which I believe was the bank.
Nicholas Nocella
Looking for some direction!
22 January 2025 | 3 replies
Did you check for houses on the auction list, or you can check with banks and look for REOs and convert that into a single family home and house hack or turn it into a Airbnb.
Jp Coghill
Appfolio On Boarding
11 January 2025 | 1 reply
They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.
Sara Habtom
What type of loan should I go for as a first time investor?
2 January 2025 | 4 replies
NOT the bank's own money.