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.
Collin Corrington
San Antonio 2025: The Alamo City's Tech-Driven Real Estate Renaissance
4 November 2024 | 1 reply
This diversification includes healthcare, with the South Texas Medical Center continuing to expand; education, with multiple universities enhancing their tech programs; and the military, with cyber command units at local bases.
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
Tyler Bailey
To Sell or not to sell *Looking for Recommendations*
31 October 2024 | 9 replies
Being so close to the bases, you could make change it at some point from a long-term rental to short-term (for families coming into town) or mid-term (for military contract workers) and that would earn you more.For now, I would keep saving and invest in something else and leave this as it is.