23 March 2020 | 4 replies
.- If they own a bunch of homes and are lending from their HELOC...they don't want to be called on a bunch of those if price values plummet- If they borrow from another lender at a lower rate (even the 0% fed rate) with collateral tied to other assets...say the stock market...that's taken a hit, so they can borrow less. - If they have actual private lenders...which they claim they all do, but you'd be surprised how many don't...their private lenders may be going to cash and pulling their moneyYes, they need to lend money to stay in business...but if they themselves are getting squeezed, it'll come back to us investors
22 March 2020 | 4 replies
The old cut off used to be 1,000,000 or more on the loan balance, but I recently saw a smaller loan that was just over 750k.
1 April 2020 | 20 replies
your income gets cut off.
22 March 2020 | 12 replies
I would give them one reply referencing the points in the lease that apply to this scenario and the next time they bring something frivolous let them know that you are willing to waive the lease cancellation fee (or cut it in half, or whatever) so they can find somewhere that works better for them.
5 April 2020 | 13 replies
My only hesitation is tying up cash now on deals if the deals are going to look much better in the coming months /years with the economic uncertainty.
10 April 2020 | 16 replies
The FED doing all these things will have repercussions down the road and now more than ever real estate will show its true value as it is a tangible long term asset.Everything we do on this planet is tied directly into the land.
8 April 2020 | 73 replies
We are asking those who are out of work and those who have had their hours cut to IMMEDIATELY apply for unemployment benefits (which are now available with no waiting period), and then to call us right away to work out a reduced and/or deferred payment plan so that we are able to plan how to pay our bills.
27 March 2020 | 13 replies
Additionally, I'm not sure I'd tie up $190K cash at the moment.
21 March 2020 | 7 replies
The investor with 50 Units would Love for you to invest with them, but probably looking for $50k$100k, but the commission cut on the 50 units is probably $1,500-$2,000.I may be wrong but feel for every 20 clients you bring on you may be able to partner with 1.
22 March 2020 | 7 replies
These are BIG units and I worried they won't cut it here.