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23 November 2017 | 3 replies
I imagine I want to use a local bank, local lawyer, and local management company (last is obvious) to the property (as an out of state investor).Do you get all these people in line first before making offers and finding properties or do you identify the deal first, then find the above along with the inspector, handyman, contractor, etc?
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25 November 2017 | 25 replies
A colleague of mine did nothing but negotiate these liens full time for a large bank from 2010 - 2014.
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25 November 2017 | 6 replies
I have an appointment with my bank today.
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29 November 2017 | 2 replies
Hey BPso im a canadian resident and i own a property in SWFL in cape coral worth about 200k, it is fully paid off so no liens or mortgage or anything.Im looking to refinance it to pull out my cash and move to another project and just rent this out, I called the bank of america and they told me they could give me 50k or something line of credit with 19% interest secure with my house but thats obviously not what i want at all.
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27 November 2017 | 5 replies
At this point, most of our properties don't have much more than 30% equity, so after banks costs, it would nullify.
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11 January 2018 | 25 replies
The bank will likely want loan to value close to 80%.
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27 November 2017 | 5 replies
If it's a larger bank it might take as long as 60 days.
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24 November 2017 | 4 replies
Did you know....As of Jan 1st - the Gov't has forced on ALL lenders/banks in Canada - when approving a Borrower, they must pass a stress test at a Higher Int Rate (2% higher than approved) before getting the $$.
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24 November 2017 | 1 reply
Seller is pushing to meet at bank and have Deed notarized, transfer funds same day and walking away.
26 November 2017 | 2 replies
Like would a local bank meet with me and hear my sales pitch and consider backing/loaning to me?