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12 June 2018 | 2 replies
I purchased the unit in cash and was told previously by banks I could immediately get a cash out refi of 75%.
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14 June 2018 | 18 replies
There are also local banks who might be interested in a "short" loan of 6-18 months.
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12 June 2018 | 3 replies
I will definitely call around a couple smaller banks in the state I am planning to invest in.
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19 June 2018 | 6 replies
Also, I’m wondering if banks will issue any business credit cards to a brand new LLC?
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21 June 2018 | 2 replies
Once you have tenants placed you have nothing to do really.Also, until the rental income is aged 2 years most banks won't accept it as income.Now, just save you job income and put it towards the next purchase.
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2 July 2018 | 2 replies
I did a little research and found out it's bank owned and a real estate agent I spoke with said "there's no movement on it at all" (whatever that means!).
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21 June 2018 | 0 replies
My idea so far is something along the lines ofReceive list of non-performing loans offered by a bank, Freddie Mac/Fannie Mae, some other source.Underwrite each loan to determine the price we are willing to pay, given the info providedSubmit bids on each loanPurchase the pool of loansReach out to each homeowner, determine whether new terms, deed in lieu, or foreclosure is best optionSell newly performing loans or foreclosed propertyDo I have it mostly right?
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21 June 2018 | 1 reply
Bank statement, financing, proof of funds, that kind of thing.
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20 January 2020 | 3 replies
I spoke with more asset managers at banks regarding foreclosures, and sent more letters to peoples homes offering to buy them than I can ever remember.
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26 June 2018 | 8 replies
I make over 100k a year, have a decent house, 2 cars and vacation whenever my bank allows me to.