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Results (10,000+)
Kalyn Ringwold A little bummed tonight :( Deal may fall through
30 October 2011 | 19 replies
Kalyn everyone wants cosmetic properties.You will find regular home buyers do not have to resell and will accept way less of an equity position and pay a higher price to get a home cheap with a low monthly payment.Their goals are totally different than a rehabber.This is why a bunch of success is taking on properties where a home buyer is not a competitor but it drives down the price with the property not being loan ready.If your offer of cash is just slightly lower than a finance home buyer the asset manager might still choose you.If there is a wide difference the asset manager might take a shot with the finance home buyer to net more.It depends on a bunch of factors which is being at the right place at the right time.You also have to understand local,regional,and national banks make decisions in different ways.Kayln are you offering to let the listing broker keep all the commission are are you getting greedy and asking for the co-op??
Ryan B. Is the bank really giving me a good deal or am I missing something?
27 October 2011 | 7 replies
Ryan -- if the bank gives you credit for the net cash flow of the property (NOI minus P&I), which I assume is positive, then your DTI ratio should improve.
David Beard Private Lending for Buy & Hold
10 November 2011 | 31 replies
With 1st position lien, with an insurance policy at full replacement value (usually 1.6-1.8% of loan amount), and by a signed executable quit claim deed should the borrower fall 30 days behind payment.
Larry Burchett Debt to Income Ratio
11 September 2016 | 18 replies
I own a primary and 3 positive cash flowing rentals.
Emy S. Anyone making second loans in this market?
28 October 2011 | 3 replies
Will your first position lender agree to having a second at closing?
Greg P. Question about Foundation problems
29 October 2011 | 2 replies
I would simply deduct the cost of the repair from what my offer would be if there was no need for repair (provided a positive and sound repair is possible - again, anything is possible with enough money).
Elio Mariani Holding property in LLC/Corp
25 November 2011 | 27 replies
This is due to 1)the loan combined with 2)the management, this creates a cross over precedence where a good litigator can argue it is a false veil.
Travis Elliott Did I get decent financing on this deal???
10 November 2011 | 8 replies
Hopefully the rent will make it so that the deal is good through and through.I could find enough deals for that price where I live that I would jump right on that financing and still have positive cash flow.
Angel Verdejo I don't want to move, what should I do?
31 October 2011 | 4 replies
The landlord is ready to sign.Angel, if you put the property under contract you are in a better position to negotiate with a potential new owner than if your landlord sells without your involvement.
Yuval S. What would you do with $2 Million cash, good credit?
19 November 2011 | 27 replies
I agree, any descent stock position can be sold in seconds; can you say the same for real estate?