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29 April 2024 | 5 replies
@Vamsee Lella I know some companies.
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30 April 2024 | 10 replies
Thanks @Jay King - The trustee in this case is a trust company that is managing the estate, you're saying I can offer them additional money to sell the house to me and it might work versus an individual person who was named as a trustee?
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30 April 2024 | 3 replies
I know the market very well as I already own a couple of cabins in Broken Bow, and I own a property management company here as well managing 30+ cabins.
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30 April 2024 | 2 replies
Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,
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30 April 2024 | 27 replies
I know themeing is expensive, but I was planning on doing that myself (I own an artisan construction company).
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30 April 2024 | 5 replies
This wouldn't be an issue as gifts up to 100% are alowed,under my company from immediate family members.
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30 April 2024 | 57 replies
I'd laugh at someone making this demand.It's the title company's job to check Ids for fraud prevention in my opinion.
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27 April 2024 | 10 replies
Also, you may want to consider using a note servicer (in my area many title companies offer this service).
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29 April 2024 | 4 replies
His insurance company has denied his claim.
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30 April 2024 | 54 replies
Many states now require new funds and do not do pass through.. its the reason we all are in business us bridge lenders.. also I know in Oregon the title companies demand a full profit disclosure to the seller.. they don't want to be sued for participating in a secret or unconscionable profit act.