20 May 2018 | 13 replies
Use any numbers you would typically for downpayment, terms, rate, etc.
20 May 2018 | 4 replies
I'm searching for an Ohio lender who can help pull 100% of $ back out of a cash purchase, via delayed financing (of course contingent upon appraisal being high enough).For those unfamiliar, check out this great post on the topic (specifically part 2) https://www.biggerpockets.com/forums/48/topics/460294-how-to-cash-out-1-4-unit-propertyhttps://www.fanniemae.com/content/guide/selling/b2/1.2/03.htmlI've talked to several loan officers who are typically investor friendly, they all either want the investor to leave some of their own cash in the deal for first 6-12 months due to their own banks overlay, or they don't understand this process/don't want to mess with this.Has anyone successfully pulled 100% of their cash out of an all cash purchase in Ohio with this technique?
20 May 2018 | 3 replies
And typical commercial loans come with large pre-payment penalties if you pay off the loan before the balloon.
20 May 2018 | 4 replies
With the number of documents you'll need to sign and handle for a typical closing, another couple to confirm rent/deposit/etc, seems well worth the effort of everyone involved.If it were me, I would require tenants to complete them prior to closing.
24 May 2018 | 25 replies
If 97.5% do not have this happen, and 2.5% have a randomness of multiple offers coming in at the same time randomly that is 175 times per month or 2100 times per year this phenomina would happen.The law of large numbers tells me not only will it happen, it will happen often.So yes, it just happening happens pretty often, especially if you combine that 2.5% with other percentages of ither possible outcomes that have the same essential outcome.
14 August 2018 | 3 replies
Typically from the moment that we sign the contract with a 15 day option period, about 3-4 weeks I get the wire transfer/50% wholesale fee.
22 May 2018 | 7 replies
So I essentially have about $150k in equity.
22 May 2018 | 3 replies
Having a person to call at anytime who will offer good advice on contracts, closings and what to say and not to say is essential in springboarding your career.
21 May 2018 | 14 replies
I typically don't get the offer accepted, but some do stick.
29 May 2018 | 1 reply
I was talking to an acquaintance the other day and they informed me about a strategy where one can essentially partner with insurance companies for when an insurance client's home is destroyed through natural disaster or other causes and the client can be put up temporarily in the rental instead of being put up in a hotel by the insurance company for the time being.