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19 April 2024 | 13 replies
The products offered will always vary and part of being a broker is knowing the borrower's scenarios and our lenders to know where the pieces fit best.
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19 April 2024 | 4 replies
Additionally, Parma's proximity to Cleveland enhances its appeal, offering easy access to urban amenities and employment opportunities without the higher living costs associated with larger cities.
19 April 2024 | 3 replies
We have received two offers upon listing: one for $330,000 and another for $375,000 with an inspection condition.
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20 April 2024 | 6 replies
Rent Roll13. property survey14. prelim title report (your broker can help with that)I DO NOT Ask or recommend my clients ask for tax returns, credit reports, bank statements - These fall into financial privacy protections and if my buyer walks from the deal, there is too much liability & risk with having that information if were to be leaked.If a third party management company has been managing it, you'll get basic information (income/expense, rent roll & leases, maintenance records, capex (maybe if they oversaw)).Owner operated properties will have less of this information as most mom/pop operators don't keep good records, in my experience.Don't worry about all this BEFORE the offer.
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19 April 2024 | 12 replies
Or can they operate independently sourcing lending offers from various lenders on behalf of buyers?
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21 April 2024 | 14 replies
Facebook Marketplace and Facebook Groups is probably a good start.Zillow now offers posted rentals by the room, but not sure who is looking there.In terms of running background and credit check, I like mysmartmove.com.
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20 April 2024 | 7 replies
And it looks like they offer everything GHL does (sometimes the GHL white-label deals leave something out.)Hope I didn't confuse you.
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20 April 2024 | 12 replies
I do not have any experience with this size syndication (this is smaller than any I have ever inspected with) which is why I was comparing it to larger syndication offerings realizing it may not be an apple to apple comparison.
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19 April 2024 | 2 replies
You should be able to, but there are plenty of private offerings out there where you can invest money from $100-$10,000 min that can pay you 7%+ - you may want to also look at or consider one of those.
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19 April 2024 | 2 replies
30 year fixed, low interest rate DSCR BLANKET loans (put multiple 1-4 unit properties under one loan for cash out or for purchase).Ground Up Construction loans for aspiring developers with NO Experience100% Financing on Fix and Flips (just pay closing costs and prepaid taxes/insurance)Fix and Flip financing that requires no appraisalHELOCS on investment propertiesBuilder's Forwards (for medium to larger developers who want to hedge interest rates on their properties they plan to sell so they can offer "low builders rates").DSCR loans for long term AND short term rentals (I think this is becoming more and more common, but some people have still never heard of this).And so much more!