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25 August 2016 | 4 replies
@Jay Hinrichs suggests the 3 C'sCollateralCharacter of the borrowerCapacity to repay.If you feel they meet these qualifications and your state does not prohibit the loan, then maybe.
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8 April 2018 | 3 replies
I'm here on biggerpockets to meet new people, advice, and possible private lenders for flipping homes.
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6 September 2016 | 7 replies
I could partner with someone, and have a few offers for partners for any deals I come across, the issue is I need a partner who has ALL the funds, and none to my knowledge meet that particular criteria.I'm not greedy, so I could wholesale it, but I would need to to make an offer, which means I still need a pre-approval -- also many of the deals are REO's so I'm not sure if wholesaling is even an option.....Any suggestions???
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25 August 2016 | 5 replies
I am actually meeting her team lead tomorrow and we are going to walk through a potential flip that he is looking at.
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25 August 2016 | 1 reply
Next go to a bank and talk to their commercial lending department, then offer accordingly so your cash meets the down payment required.
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25 August 2016 | 19 replies
I've been involved with the lead issue since the beginning attending and speaking out at all the city council meetings and town hall meetings.
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27 August 2016 | 9 replies
Take advantage of the opportunity to meet/network with people like @George Kountoupis
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26 August 2016 | 9 replies
Were in the process of obtaining a couple consultants or 'mentors' and we are currently looking to go to a REI club meeting.
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24 August 2016 | 2 replies
Look in the events and happenings section on BP to find REI meetings in your area or you're welcome to come to Olympia for the Olympia meeting tomorrow night.
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28 September 2016 | 8 replies
This is what I sent them:Offer is for a purchase price of $128,000APR RATE at 4% on 30 year fixedTotal cost of mortgage to us $219,993 Monthly schedule payments of $611Since they bought it for $36,000 back in the 70s, I figure there was a chance they probably refi or something, which I got a reply from them that yes they do have a mortgage on it and that yes they are interested in learning more about the possibility of selling it as Owner financing.So from what I picked up of all the threads is that LO or Sub2 is the way to go, I welcome you to take this post and chop it up.