The mortgage payments are behind and there are substantial fees involved in reinstating the mortgage.

The mortgage payments are behind and there are substantial fees involved in reinstating the mortgage.

Since I do not have the cash, the 20% down toward one bank is coming from a HELOC from another of my rental properties through a second bank with whom I've done business for over fifteen years.Problem: Second bank is taking substantially longer to close on this HELOC and I am afraid seller will not want to extend purchase contract time.Question: What does a contract look like, which says hard/private money is given in order to make the sale go through (without negatively affecting my DTI) and also says that repayment will come from a lump sum HELOC cash from that second bank?

Hi friends!     I’m just reaching out to see if what I’m attempting is even doable. Im 28 years old I’m a registered nurse who recently married a small business owner! (Very impacted by COVID on the brink of going und...

Doing this allowed me to walk into a prospective purchase and walk out 15 -20 minutes later with a number in my head that would more often than not be within 10% of what it actually cost.

I'm actually headed up to Wiarton next week for some Real Estate meetings. 

Thank you for the heads up Lindsey!

Everyone wants to be an agent for what people "think" is that "easy" commission check, but nobody wants to get down and dirty doing the rehab work for investors once they bought the property, or residential buyers who found they went in over their head on a DIY fixer-upper, or BRRRR people in that same boat. 

Maybe you can land an internship with an investor you build a substantial relationship with. 

Leverage can increase your returns substantially.