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3 October 2014 | 1 reply
They generally have a csv excel list you can just merge with a word document and pump out some personalized letters. http://www.agentlinkus.com/content/reo-bpo-signup-...It is always a good idea to apply and start completing BPO's when aspiring to be an REO Agent.
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8 October 2014 | 19 replies
Now single tenants charges above market per sq ft lease rates and if it goes dark likely your second generational tenant will not pay those rates.So if you buy at a 6 cap to 6.5% based on say a 35 sq ft rate for a good area and they go dark and it drops down to 25 sq ft for the second tenant going in you now have a crappy cap rate lower than your debt interest rate.Now if you have a corporate Steak N Shake there is more security as it doesn't matter if the store is losing money all the corporate stores prop it up guaranteed by the lease versus a small franchisee that takes a bath after one to two years of opening.I have decades of restaurant experience and after reviewing the FDD ( franchise disclosure documents) a few things became clear.
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6 October 2014 | 4 replies
Details seemed odd to me and decided to bring this area of lending or borrowing up for some discussion.THE REAL SECRETS IN LENDING:There are none as to the functions, documents, processing, underwriting, settlements, administration or collections nor to any legal aspects.
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9 October 2014 | 7 replies
I would first have your loan run through DU or LP to find out what the findings state for documentation requirements.
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31 January 2015 | 8 replies
If you get the chance, ask some of these people how much RE they own or have turned and then ask for documentation.
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19 July 2015 | 15 replies
I read much more than I post but appreciate your willingness to share your experience and share your numbers.I thought your post documenting tax free capital gains on principal residences was a classic... of what I shoulda done.Thanks for taking the time to contribute!
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7 October 2014 | 10 replies
I know they've pulled another credit report on us 1-2 days before closing, and at closings, we're usually required to sign documents stating we have no new credit or applications for anything.
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7 October 2014 | 0 replies
Is there a similar way to send my mortgage payments and provide tax documents to both me and my lender?
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6 December 2014 | 34 replies
I am looking to do another bulk buy and wanted to document my experiences here.
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13 October 2014 | 8 replies
You do want to hire an attorney of your choosing to review the documents and be sure they're correct and that you understand the ins and outs of making this loan.