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13 May 2020 | 7 replies
Have a parent/other family member be a co-borrower.
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8 November 2020 | 19 replies
“We don’t loan on mixed use buildings.”I would think in this absurdly low interest rate environment that it would be easier than in the past to secure reasonable loan terms if I wanted to borrow against the properties.Curious to hear if anyone can offer feedback and/or possible lending solutions.
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11 May 2020 | 11 replies
But if it happens, the entire balance comes due immediately, and if not paid the original borrower gets foreclosed on and their credit is trashed.In exchange, you give the Seller's a fee...maybe $2,500 as well as pay a monthly fee and take over maintenance to tempt them to do this deal.
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9 May 2020 | 6 replies
First of all, you’ll not be able to borrow based on appraised value for a minimum of one year after the purchase is completed; lenders will use the lower of cost or appraised value.Secondly, while the appraisal may indeed be indicative of a great buy on your part, understand that an appraisal is one persons opinion of value.
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3 March 2021 | 22 replies
This deal was financed with a private money loan. 100% of the purchase price, rehab and holding/closing costs were borrowed for this deal.
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10 May 2020 | 4 replies
The investor market and especially servicers are very afraid borrowers will cash out and jump into forbearance.
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13 May 2020 | 5 replies
Let me answer with a parody: Finding Borrowers that understand investing ... or better said Lending.This will be my next post.Logan you are trying to insert square peg in a round hole.
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14 May 2020 | 26 replies
As demand decreases and supply increases, we naturally see a decline in price BUT the graphs to follow show a steady demand for housing still and I believe that once people are able to get back to work and start borrowing again, we will see a fast recovery.With our phase-one/soft open coming up in only two days, I feel optimistic that we have seen the bottom of this economic slowdown and that we are soon to be on our way back up.
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10 May 2020 | 9 replies
The country has borrowed a ton of money, and I think there will be inflationary pressure in the coming years.
9 May 2020 | 4 replies
For example, if the Borrower brings suit claiming the foreclosure was defective and the insurer decides it has liability it can do one of two things.