Jordan L.
Consumer Protection Laws and Contractors
29 November 2018 | 2 replies
Am I, as a consumer, required to allow them one more chance to do the work correctly if they blatantly failed to perform on their first visit?
Michael Morrongiello
Issues with Assigning a RE Contract (w/ BANK OWNED REO property)
17 November 2018 | 4 replies
Issues with Assigning a RE Contract (with BANK OWNED REO property)Many BANKS who are still putting out their REO inventory are refusing to allow for ANY type of language in the Buyers Purchase agreement which allows for the BUYER to ASSIGN their purchase agreement thru the Escrow.
David de Luna
Current commercial multifamily lending rates?
26 March 2019 | 13 replies
I recommend talking with Tony Guzman and Bank of the Sierra in Fresno, he can give you all the up to date info as they do a lot of commercial MFH's there.
Jake DeBoer
Struggling to find the right financing partner
20 November 2018 | 12 replies
These loans are lower risk for the bank, the money is unlimited (they just go back to Fannie/Freddie for more), and you can find them at just about any bank.
Erik Spell
Clearwater House Flip
23 November 2018 | 1 reply
Biggest challenge was I tried to do too much myself, failed a lot, but in the end learned a ton to be better for future projects and still made money.
Chivas Miho
3 Properties, 8 Doors in the First 12 Months
17 November 2018 | 2 replies
On years where tenants renew leases, ROI increases to 13.8% since the PM’s 80% of first month’s rent for marketing and putting a tenant in place is not required.A couple of lessons I’ve learned during this particular purchase:If you’re scheduling a wire transfer early, call the bank to make sure they completed the wire as scheduled on time.
Ethan M.
Best way to pull money out of a property after paying cash?
23 November 2018 | 21 replies
They have ageeed about 50% of our current home value based on our bank statement deposits.
Omeed O.
Family owned commercial shopping center
28 April 2019 | 9 replies
The bank will want the cstore entity, the real estate entity, and you on the hook.
Joshua D.
Is everyone ready to hear my crazy deal of a lifetime?
21 November 2018 | 71 replies
I bought a 4 plex for 6k fROM BANK long story.