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16 November 2012 | 5 replies
The third party escrow company, either Title or Attorney, will be handling the deal which makes it easier for you and keeps the paperwork clean, in theory.
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5 June 2012 | 5 replies
Yes, you'll get a bunch of cash at one time and won't be able to deploy it overnight, but the interest expense will again be paid off very quickly from the profits on the new properties you acquire.For cash out refi's, where there is no appraisal target, make sure that you meet the appraiser and politely provide them some favorable comps, highlight the improvements you've made to the property and the amenities in the area, and give them an idea of the target value you're looking for.Issues with LOCs are that they're floating rate, and the undrawn portion can be unilaterally reduced or eliminated by the lender at any time.
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26 November 2013 | 4 replies
I use it on several other forums and it makes browsing on a mobile device much easier.
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21 June 2012 | 43 replies
This may have been easier to ignore before seeing our target inventory bid up by OO buyers, but it's "in-your-face" now and hard to brush off.
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11 June 2012 | 5 replies
I have also had wonderful success with the local newspapers and an easy to remember and use web address directly to the house they are looking for might make it easier for them to see the property immediately.
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5 June 2012 | 5 replies
some look for divorce cases, death notices, foreclosures, signs saying we buy crappy houses, the source is endless, you can even drive for dollars and just hunt for properties in your target areas.Your buyers are easy to find at the courthouse, who bought properties in the last year and match up the names that appear more than once....these entities or people are investors who are buying!
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5 June 2012 | 14 replies
Guess I could tell you, it's 2 months, 12 days, 16 hours and 42 mintues to cash my check......lol, that doesn't tell you anything really and to say "average" that's a moving target as it depends on so many factors, your market supply and demand, interest rates, scope of projects, time of year, weather, who you know and their ability to buy.
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4 June 2012 | 5 replies
If not you will need to increase the discount to account for your profit margin target.
30 June 2013 | 14 replies
Paying cash makes your offer stronger and makes the initial purchase easier because there's no lender involved.
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5 June 2012 | 14 replies
I usually target properties in nice areas that are the ugly houses on the block.