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22 March 2024 | 81 replies
These are private actions, meaning I as a consumer can bring these suits forward and win.
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23 March 2024 | 31 replies
i have a great contact for bridge financing too if you need a lender to help with projects like this. excited for you guys!
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22 March 2024 | 1 reply
If so, that could cause issues on the back end - not a lot of lenders will let the wholesaler use their own title company due to hiding issues, etc.
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22 March 2024 | 6 replies
And DSCR lenders tend to be pickier about property details compared traditional programs, so there's not much encouragement there.
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22 March 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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21 March 2024 | 3 replies
The lender will also need a justifiable reason that you're changing primary homes so quickly.
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20 March 2024 | 3 replies
I recommend chatting with a few lenders to explore your options.
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24 March 2024 | 19 replies
Hey mate,Sorry to hear about your troubles but it's not too uncommon.I've been in the turnkey biz for 10+ years now and have often been called the "bad guy" as we only sell to investors looking to purchase with cash.Many believe that because we only accept cash buyers, that we inflate the properties price which definitely isn't accurate.Quite on the contrary when looking back I feel that we under sold them lolWe can justify every one of our property prices with a CMA independent of our in-house sales.Whoever believes that financing a turnkey property makes it safe is wrong.Most turnkey providers or affiliates push the financing model (Even in today's high interest environment) to make more sales.They have "in-house" lenders or community banks that they establish relationships with and promise large volumes in loans.This in return get's rewarded with various favors and many are easily able to manipulate appraisals.Having flipped over a thousand properties, I know how easily an appraisal can be manipulated so for anything reading, "NO", financing a turnkey property doesn't necessarily make you purchase it for fair market value.To answer your question:When S#%@ hit's the fan like it did for you with this deal, I personally would always look to cut my losses and move on smarter and more experienced.Granted, over the years I have witnessed many investors buy 1-2 properties from my company and expect miracles only to get disappointed.
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22 March 2024 | 8 replies
I am also looking for a company that deals in construction loans if you know any.I’ll message you the list and a great local lender that does a one time close construction loan.
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22 March 2024 | 1 reply
Having gone through the process once, it's very clear how to keep growing for the next one :) Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?