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11 March 2024 | 10 replies
Typically here, the seller uses the same attorney that the buyer uses unless you'd like to specify a different one.
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10 March 2024 | 15 replies
The institionalized players typically have 100-200 BPS lower rates than standard hard money lending players but they're clunky and have lots of requirements its almost like the instituional HML should be called "hybrid hard money or hybrid bridge money," because of all these requirements.When we're working with those instutionalized players we usually have to do almost as much work as a conventional loan (1-4 fannie, not quite but almost as much).If you'd like to learn more about the different options or get a sounding board on what options are out there feel free to reach out and we can talk shop.
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10 March 2024 | 6 replies
if it's already gone to auction, it might be too late. it's a complicated process to try to get the bank to back out of that. and as the other commenter said, all owners have to be totally on board with your plan. not only are most sellers not down for creative financing, but those being foreclosed on are typically even less cooperative (i realize that makes no sense, just how it is), and divorced couples even LESS. i think you're putting the cart before the horse here in looking for a TC. for future deals, you can find a TC in pace morby's fb group.
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12 March 2024 | 105 replies
No problemo.case three, wife that work that just crossed border from Mexico, they rent for $1500.Actually they're paying rent more than the typical low end LOLAgain, no need to help them, they able to "figure out the system", the more people think about they have to do this that do this do that, that would create pressure to gov and regular Joe like me, that never cross border illegally LOL
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10 March 2024 | 0 replies
Due to the rising cost of financing, the deal fetched an 8% cap rate, typical for transactions in this size range.As we move through the first quarter of 2024, the $180 billion in retail loans maturing between 2024 and 2026 presents a significant consideration for the market.
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10 March 2024 | 2 replies
Typically you can call utility providers and get that information.
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9 March 2024 | 21 replies
Because you're essentially taking on the duties of a General Contractor without knowing what you're doing, or having passed the tests, or paid the money.
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10 March 2024 | 2 replies
You can try and buy the house but typically time is of the essence as usually the bank will not postpone the foreclosure.2.
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9 March 2024 | 6 replies
I need a 24 hour contact within 30 minutes of one property now so the town is essentially forcing a PM for a room rental which seems a little excessive.
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12 March 2024 | 41 replies
As I mentioned in the first post there is a lot more that goes into a deal like this than a typical wholesale transaction.