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29 December 2007 | 35 replies
So I am making a bet that property acquisition will pay off not only due to monthly rental revenue, but also longterm appreciation.Aside from that I think we would agree that when there are too many buyers, it's not a good time to find the best deals.
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7 January 2008 | 6 replies
Interest rates will be a bit higher too. 8% is possible if you have spotless credit and a good cash reserve.Local banks are now your best bet for commercial loans, I called a broker about doing a cash-out on one of my properties and he informed me that the open market now wants to see 12 months seasoning.
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28 December 2007 | 5 replies
Best bet is to Google REO or REO Asset managers and see what you get.
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13 December 2007 | 7 replies
Good Luck and keep us posted on your progress!
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11 March 2008 | 17 replies
Isn't there anyway to get progress payments on bigger jobs.
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3 April 2014 | 31 replies
In case anyone missed it, credit union, credit union.If the rental property is rented, the rent can be applied @75% to help Your dti ratio, but I haven't seen that help lower the down stroke.Your best bet is to shop with out credit pulls, make face to face appointments, sit in the hot seat and follow some of Jimmy Moncrief's podcast suggestions, even though they are about commercial lending, His advice is solid.John
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18 February 2014 | 14 replies
Try searching "Texas, Options" you'll find some information I'd bet. :)
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23 March 2015 | 73 replies
Nice to see you in the community and I look forward to following your progress,
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23 February 2015 | 48 replies
In regards, to the pricing of the downtown units, I think they know downtown is a work in progress and need to come in much cheaper than say Panorama in order to be competitive.
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19 February 2014 | 11 replies
Jerry;Nice idea...i actually do something similar with the tax redemption notices in Ga.I look the properties up from the sale lists and reference them against county records online, it really doesn't take that long.For me, the foreclosure thing wouldn't be a ongoing thing, maybe a few months, i was just curious to see what the properties in these particular counties were going for vs. being sold off MLS listings, and i'm betting the difference is huge.If one has inside knowledge of the property from prior owner, neighbors, etc, it would be a way to get great discounts.