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Need help understanding private lending process
12 November 2008 | 14 replies
I'm a beginning investor and i see the power of using private funds but i just don't know the proper and legal way of doing this.now i know about talking to people you know, other investors, and marketing to other high net worth individuals, which all of this i would consider the first step in the process.the second step i'm guessing some will say is working out the agreement/financial details with the your private lenders once they say they want to invest (which i plan on doing all this in step one, letting them know they're either going to invest as a lender or has a partner and this is what they'll get in either scenario)but my questions are:1. when do i have to worry about the SEC?
Jeff Tumbarello
FDCI eats another, Treasury getting read to eat 2 elephants
7 September 2008 | 4 replies
Correction: FDIChttp://www.fdic.gov/bank/individual/failed/silverstate.html On September 5, 2008, Silver State Bank, Henderson, NV was closed by the Nevada Financial Institutions Division and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.
Brian Campbell
Not sure what my plan is yet
9 September 2008 | 4 replies
I was thinking of taking out a Home equity loan to purchase a home, but after reading some posts in here wonder if it is best (financially in the long run) to pay off the house (maybe in 2.5 years), before buying.
Joshua Dorkin
A consumer’s guide to the divorced real estate commission
14 September 2008 | 2 replies
â€Question #3: “Since the amount of work involved doesn’t really differ according to the value of the house, financially, it seems like the percentage commission would make higher prices more favorable from a buyer’s agent’s perspective.
Account Closed
purchasing 6 family property
21 September 2008 | 13 replies
On a SFR, you would typically get a pro-approval based on your personal financial situation.
John Thompson
Residents Need Atty. - Central FL
22 September 2008 | 4 replies
There is no financial accountability.
Jason Chen
Strange house with strange public records: please help me understand
16 September 2008 | 4 replies
The following is what I found.Seq#Sale DateSale PriceSale Type1 06/01/1979 (obsolete sales codes) 2 08/23/1991 $03 12/11/1995 $315,000 Good sale; verified 4 08/20/1996 $537,000 Good sale; verified 5 09/26/2002 $0 6 10/28/2002 $07 12/15/2003 $280,000 REO Sale-Gvmt/Financial Inst 8 09/13/2005 $09 09/15/2005 $0 Foreclosure 10 11/10/2005 $011 11/01/2006 $0 Good sale; verified 12 11/14/2006 $013 01/29/2007 $1,047,000 REO Sale-Gvmt/Financial Inst It seems that this unfortunate properties has been foreclosed twice.
Gabe L.
4 SFR Deal Analysis
27 September 2008 | 6 replies
He claims he must get rid of the properties asap due to financial hardships. 3 of the 4 are currently rented for 450/month and the 4th needs paint and a good overall cleaning and has past rents of 450 as well.
Dave Kennedy
Defconomy
18 September 2008 | 0 replies
In fact all it'll do is spread our natios economic problem into other part of the world and just compound the problem.How can all these countries/financial advisors be this short sighted?
No Name
Realtors helping those in default
9 October 2008 | 15 replies
If real estate agents act a little more like a financial planner and show homeowners what they know and approach the transaction not from a standpoint of making money primarily, but offering help to hurting people, they can hook homeowners up with investors who can buy through short sales or whatever.