Steven Whipple
Lender changed the terms and now the deal doesn't pencil
17 March 2024 | 12 replies
We got pre-approved for financing, and our offer was accepted.
Kaynan Na
Every investors NIGHTMARE? Both properties have LIENS!
18 March 2024 | 18 replies
Property 1 im 120k into it, the morgage company wants 136k . its worth around 190k currently, rent is 1800 if i wanted to rent it, HOA is 450Property 2 im 280 in to it, the lender wants 360, but its worth 500 and can easily appreciate more quickly, rent is 4000, HOA is 1400i have a family friend who is a lender whos willing to help offer cash to the lenders and then i can either sell properties for a lesser loss than 400k or hold for a few years and throw tennants in it and sell after to break even with the appreciation I'm hoping the lenders for the second propery is willing to work with me , and maybe even negotiate. i hired a lawyer today. fingers crossed.BEWARE everyone because im in a very bad scenario :(
Salina Doe
What Does This Mean For Real Estate Agents - NARS Dropping The 6% Commission Rate
17 March 2024 | 4 replies
Nothing really changed $0 vs $1 I bet listings still for most part offer co-op and if not lenders would cover it, etc.
David Fernandez
Foreign Private Money Lenders
17 March 2024 | 9 replies
Now I am investing in the US and a few of them have offered to lend me money at a set interest rate that I will use to grow my US real estate portfolio.
Elton Tate
Seller Wants an Offer Before Seeing Property
14 March 2024 | 26 replies
Go ahead and write an offer at whatever price you want.
Victor Lo
Beach condo vs SFH
17 March 2024 | 3 replies
Sometimes a title company can get you the HOA rules before putting in an offer.
Angela Arriaga
House Hacking in Los Angeles County
16 March 2024 | 12 replies
I *love* the northern part of Inglewood, but there are also NELA pockets like Cypress Park and El Sereno that offer a tone of value.And all of these pockets, almost entirely, are in NACA-qualified tracts.
Andreas Mueller
The President’s New Housing Proposals are .... Problematic
17 March 2024 | 4 replies
i agree it's problematic, they want people to sell their home LOL but if folks are selling then they have to buy again with higher interest rate, i meant, it's not a smart decision.they could just offer 35 year mortgage rate or gov. buydown rate for the first 2 years that would help little.
Mark Goncalves
Buying a second rental property
17 March 2024 | 7 replies
More multiple-offer situations, fewer days on market.
Andrew Lax
Seller Financing Dodd
17 March 2024 | 6 replies
A DST with a 721UpReit option is typically held for 2 years after the last investor has entered the deal and the offering is closed.