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17 October 2007 | 9 replies
There is a million ways to spin "investing".
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19 April 2017 | 7 replies
That puts a whole different spin on things....I will go out of my way to find you in Greenville and take you to lunch...that is a generous offer!
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14 May 2017 | 32 replies
I would have you in court so fast your head would spin.
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5 May 2016 | 12 replies
Great post and great spin on RE investing.
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30 November 2018 | 37 replies
I think a lot of people spin their wheels looking for some imaginary deal without really defining what a deal is to them.
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29 April 2016 | 10 replies
Lima does compete with Black Rock and 3 others that do similar business but they are not the most cost effective.As for the numbers...You buy a house for 100K with hardmoney in Tacoma .....maybe you put 20K down so you owe 80K to a ((SHORT TERM 12 month)) hard money lender as all the windows are busted and it is a mess and at that point only worth the 100K you paid.....but in a great neighborhood of 200K homes.You spend 30K on the Repairs......If you hold it 90 days....and you are now in title ....After you fix it ...It is then re-appraised........once it all pretty and has a tenant in ....for a new fixed 30 year loan based on it FINISHED A.R.V. value...Your new REFINANCE loan is based on 75=80% of the ARV finished value.....which I hope is about now worth 160,000 - 170,000.ooSo 75% of the new160,000 = $120,000 new loan amount.....which pays off your hard money loan of 80K and the 30,ooo repairs your put in ,....and almost all your down payment.You have now recovered all your costs in place....and have a fixed loan covered by the rents...Wash Spin Rinse Repeat.....As for the Rates..we are both a FNMA lender and commercial lender....so these are accurate..1) FNMA owns 80% of all residential mortgage paper in this country and 30 year fixed - Full Doc loans at 3.75% to 4.25% => Credit Union and Residential A paper lenders VA -FHA -USDA etc2) Commercial loans - 30 year am 5,7, or 10 year term = full doc loans price with good credit price at 4.375% - 5.5% ==> Think community banks and big 5 - WFC - BOA - Chase etc and local Portfolio S+L's and some Commercial Credit Unions....3) Stated Income Hedge funds....30 year fixed - No Doc or Low Doc with Great Scores ===> loans price at 5.75% - 7.5% ...think Black Rock, Velocity, Lima, RNC and others4) Hard Money = short term to 3 years....prices at 8% - 10% There are no hedge funds or finance companies like Velocity or Lima or RNC or Blackrock that will make you a loan < under 6% as they need the 300 basis point spread over the 10 year commercial swap rate to cover their cost of funds...regardless of L.T.V.I get wholesale rate sheets from some 30 lenders a day/week....and that is the risk/reward spread.Hope that helps explain the process and the tiers of lenders...
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23 August 2010 | 12 replies
Once the water is verified on at the street, see if the meter is spinning.
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16 October 2009 | 21 replies
Car could've rolled(glass t-tops), been smashed by other traffic while spinning on I-10, gas catching fire, etc.
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23 September 2010 | 13 replies
P NW, Govt financing and Sec 8 include such provisions, but spinning that to a certain target market with a justification is not really excluding a particular source of income, IMO.
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13 January 2011 | 5 replies
They are more difficult to change the code and have less wiggle room for keys.ADVICE: To all investors using lockbox combos - Instruct all yoru crew who are given the combo to get the key out, then immediately lock the combo box back up and spin the dials.