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12 October 2015 | 4 replies
New to BiggerPockets forum posting (but not the blog which I love)...long story short..we have 4-flat in Chicago that we inherited and are under contract, but not clear if the buyer can secure the necessary financing and the deal may fall through so we looking at our options in case this happens.
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12 October 2015 | 4 replies
For now, let’s focus on the four categories you’re most likely to encountering when investing in real estate through an online investment or crowdfunding platform, going from the least to most risky:Senior Debt is secured by a mortgage or deed of trust on the property itself so if the borrower fails to pay the the lender can take title to the property.
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24 February 2016 | 2 replies
Once i secure financing should I make a even lower offer?
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2 November 2015 | 9 replies
Typically on an investment property I have been asked to show proof of security deposit, leases for tenants and some lenders have asked for 3 months verification that the tenant has been paying (i.e. on the property bank statement).
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14 October 2015 | 9 replies
I like Jd Martin's comment about the credit score.You may also want to consider these criterias as well:--insufficient Credit and Rental Requirements could be assessed an additional security deposit equal to 100% of the stated rental amount, over and above any other security deposit or additional security deposit required.
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22 September 2016 | 10 replies
Thank you for great reply .rehabbers are smart people and steal the deals if not locked under contractwould you feel secured showing a property that is not locked under contract to cash buyers ?
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13 October 2015 | 10 replies
One of the unit came with a security deposit that will be transferred to me at escrow.
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13 October 2015 | 6 replies
I'd keep her security as well to go towards her owed balance.I've never heard of filing for eviction AFTER someone has already vacated.
13 October 2015 | 10 replies
If you currently have no capital, you have two main options: Save up capital, or find a creative way to secure your first property.