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12 January 2025 | 185 replies
There is no Due on Sale Police, the loan is serviced by a Servicer who is paid just a few dollars per month to service the loan.
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11 February 2025 | 16 replies
You're financed at 100% and would be in big trouble if (when) ANYTHING went wrong....would the property even cash flow enough to service all of that debt?
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11 February 2025 | 15 replies
So could start with some community banks in Cleveland since you are local.Residential loans for the most part are serviced by Fannie Freddy but commercial loans can be much more diverse with their products so having a few options has always helped me a ton.
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3 February 2025 | 15 replies
Connect with lenders and brokers, see what rates are out there, underwrite the deal and see if it makes sense after debt service.
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25 January 2025 | 12 replies
In fact, even with my extensive experience, I choose to have all my properties professionally managed.Here's why:Tenant Selection Is CriticalThe most valuable service a property manager provides is selecting reliable tenants.
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7 January 2025 | 5 replies
Our experience is that many lenders/servicer customer representatives may not know the protections that exist for those that want to put asset protection steps in place.
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15 January 2025 | 29 replies
I would include servicing costs of the loan and licensing costs.
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10 January 2025 | 1 reply
We would love to work together with a organization that sells the property and has services like rehab network, financing, property management.
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15 January 2025 | 18 replies
-OOS investors rely on service providers like agents and PMs and think they're guaranteed an outcome instead of just paying a fee for a service.
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8 January 2025 | 11 replies
Do you get any volume discounts or better service due to the volume of your business from the current providers, that might be something to consider. not sure if that is even a thing for lawyers though.