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20 October 2018 | 2 replies
Hello all,I am currently negotiating with a bank on a REO over my first property.
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22 October 2018 | 8 replies
Hello all,I am currently negotiating with a bank on a REO over my first property.
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8 January 2020 | 5 replies
Looking like it’s going to be an eviction after getting a ******** excuse from a tenant “their ex stole all of the money out of their bank accounts” lol.
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21 June 2019 | 8 replies
I closed with commerce bank this year on my rental.
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22 October 2018 | 6 replies
Also, what do note servicing companies or banks charge to service the note?
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20 October 2018 | 2 replies
I am not going into this with no bank acct to cover these unforseen costs.
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20 October 2018 | 0 replies
This option would use the bank to subsidize my risk, but it could be a legal nightmare if something should go wrong.
20 October 2018 | 2 replies
It depends on how you split the revenues.If the house is free and clear, you two should decide if you get to bank all the money after paying expenses (taxes and insurance) or if you have to split it somehow in favor of your rehab work or just 50/50 the whole time.Also, if your friend decides to sell it year 2 or 3, and you still haven't recouped your rehab funds, do you spit the proceeds of the sale?
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10 November 2018 | 11 replies
The bank may say they have the option to extend it another 10 years, but that isn’t guaranteed.