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18 March 2024 | 14 replies
After that there's a specific hard money lender I work with who isn't the cheapest but they're damn sure the easiest.
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22 March 2024 | 132 replies
There are other areas literally one block away from the best part of 5th Avenue downtown where you don't hear a damn thing.
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17 March 2024 | 12 replies
I hope your mortgage broker is a person of outstanding character but the fact is, he or she would be getting a double pay day in this scenario.
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17 March 2024 | 4 replies
Further reading here.Bottom LineSupply be too damn low!
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17 March 2024 | 24 replies
@Ray HarrellSellers will owner finance because (1) they will be able to sell for a higher price because they will sell to people who can’t get institutional financing, (2) they think the interest rate they receive on the money they financed, usually 6-10%, is better that the 2% bank accounts are paying (3) they get to spread out the gain on the sale of property over many years and not be bumped into a higher tax bracket immediately, or (4) they can sell the property faster as a buyer doesn’t have to wait 45 days to fulfill institutional lending requirementsBuyers may want owner financing because (1) they save the points and other fees associated with institutional financing (2) they may own the maximum number of properties financed allowable by lending institutions (3) they as full time real property investor may not be able to prove the amount of income necessary to obtain a loan (4) they may not qualify for conventional financing, only hard money, in which case owner financing may be at a much lower interest rate (5) they may have liens, judgements, etc. outstanding that make obtaining outside financing impossible, (6) they may want to close quicker than available with institutional financing.Please let me know if this makes sense
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20 March 2024 | 193 replies
Anderson Group: Seth and Chance have been outstanding these past few weeks.
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15 March 2024 | 4 replies
I've got a family to provide for, and I'll be damned if I'm not going to do it on my own terms.
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16 March 2024 | 58 replies
I still feel like investing in vacation rentals can be an outstanding investment, but you've got to score a good deal when you buy, and you cannot be counting on a fresh buy for much, if any, positive cash flow unless you scored a crazy good buy.