1 February 2014 | 2 replies
If a borrower knows the rate will go up to known fixed rate, say from 6% to 8% and re-amortized say from 180 months to the remaining 144 months, they know the payment will go up and that can motivate them to refinance the loan, so loans can be manipulated somewhat to nudging a borrower in a similar manner as the more demanding balloon requirement.I'm still searching for information on restrictions to amortizations, so far I'm not finding any except that it can't be more than 360, other than the requirement of making the loan affordable.I've done a few loans with the amortization being reduced over time, this avoids usury issues.
28 March 2008 | 9 replies
She was just a manipulative malcontent who needed to keep drama in her life.4) She played this game for the entire 6 weeks - alternating between "remorse" and indifference.
14 May 2008 | 27 replies
Or, best option is to hire your guys through a temp service.
8 August 2009 | 17 replies
You can probably wholesale a sub2 deal with little or no equity to a rehab/retail investor who can't qualify for a conventional loan and can't find an HML.If the mortgage has a good low interest rate than that might temp an investor to take over.But wholesaling a sub2 deal seems a lot risker IMHO than wholesaling a non sub.
14 January 2009 | 8 replies
The tenants use the heat like CRAZY in this place....Can I legally put a lockbox around the thermostat and set it at a fixed temp?
20 January 2009 | 13 replies
Like I say, I totally picked that at random with about 15 minutes searching on realtor.com.Better areas would be Phoenix NorthCentral & NorthEast, Mesa North & East, Chandler, Gilbert, Tempe, and Scottsdale.
5 February 2009 | 22 replies
But I am also a fan of the 50% rule and here to invest in real estate, and anything else that still holds intrinsic value when fiat currencies are manipulated and then collapse (as they always have).
29 January 2009 | 14 replies
Comps are easily manipulated by cherry picking recent sales.
23 August 2018 | 6 replies
Ultimately, it's going to depend on your investment goals and strategy.For example, if I'm working with someone in the Sacramento market, it's probably going to be a Bay Area investor who'd like to invest in a market with good appreciation and rent growth, but is still located in California, and is lower priced than Bay Area where most deals don't make sense on paper... too pricey.But if it's Phoenix, Scottsdale or Tempe we're talking about, it might be someone looking to AirBnb / VRBO a small condo in a hot part of town.