Alex Collins
How to privately purchase a property from a buyer with a mortgage balance
29 December 2024 | 8 replies
U only have to be burned once when title comes back 3 days before closing ( which can be very common in abstractor states ) only to find it title is buggered.. title companies and closing attorneis may have their process's but a good agent just lets them know this is how escrow is going to flow.. they will wine but it cost 200.00 for a title search and we dont want to spend that until we know we have a closing.
Mort McGuire
Mortgage Note Investing
24 December 2024 | 13 replies
U guys earn every dime you get and when I read about Jorge ( cant remember the company) but knew the bizz model.
Don Konipol
COMMERCIAL Mortgage Broker Licensing Requirements by State
28 December 2024 | 16 replies
Nope I do not intend to do any business of the lending variety in Vegas I only do joint ventures there.
Bill Goodland
Favorite Tools for Building Distressed Owners Lists
15 January 2025 | 13 replies
U can target any real estate although its quite robust for what your looking for.. we go for land and development land for the big money plays
Kyle Deboer
Raising Down Payment Money
14 January 2025 | 22 replies
Explore creative financing like seller financing or joint ventures.
Steven Catudal
Investing in Alabama as out of state investor with a partner
15 January 2025 | 12 replies
Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties.
Shayan Sameer
Using Home Equity for Fix/Flip or rental property
6 January 2025 | 8 replies
Instead, Use a partner in a joint venture.
Chris Seveney
What is the Best Way to Grow as a Private Lender
13 January 2025 | 15 replies
My parameters were that I did not want to add more than 2-3 employees, I did not want to give up control over the u;to are yes - no investment decision, and I didn’t want my position to become a full time job.
Charlene Kingsnorth
Private Lender Loan Servicing Software Fees
15 January 2025 | 15 replies
If you have a RE attorney and mortgage broker then I am assuming you are using some type of joint venture or participation agreement to outline who gets paid what and who is in what position as you tranche the loan.
Timothy Lawrence
House Hacking Advice (Washington D.C, Nova, Baltimore Area)
8 January 2025 | 11 replies
If there's a family member or friend in a similar situation, and you can both align on the initial plan (location, home type, price, usage/occupancy, etc) you can pretty easily get a co-ownership agreement in place and even a joint mortgage.The benefit here is it might open up your ability to buy a larger place in a nicer area which could lead to a faster rate of appreciation and overall better living environment.