On the eve of closing (last night), the escrow assistant informed us that we need to bring additional funds to closing due to two affidavits that need to be recorded in the loan package, for which the recording fees were not collected earlier.

Last year I paid for a “coaching” program, formed an LLC with an S Corp election because my intention is to make a lot of money, began putting my team together which includes the best realtor I know and contractor plus a few hard money lenders including one that will loan 100% of the purchase/reno after I get a deal or two under my belt.

If the sign out front offers loans or HELOCs, that’s one you call. 

Introduction to the Surge: The U.S. commercial real estate market is at a pivotal juncture with an unprecedented $929 billion in property loans coming due.

Would you be obtaining a DSCR loan? 

Good advice by @Eric GerakosAssuming for a second it’s worth doing, remind him his broker price of 500 will be lessened by the 40k commission, and the bank will be making the money off the loan, not him.So try for 460-480 with as low a down payment as he can stomach and offer to split that payment into upfront and 3-6 months later.

Was the loan a balloon?

How much is the ability to assume a loan at 2.25% worth? 

Loan Buy Down4.

@YaSin AquilThere are some agency lenders who will do loans with FICOs as low as 550.