Account Closed
Are these good ARM loan options?
10 December 2015 | 2 replies
A) 5/1 ARM – 20-year Term; Up to 30-year AmortizationInterest Rate Options:1) L5 Resi Owner-Occupied 5/1 ARM No Point Rate + 1.00% + 1 point2) L5 Resi Owner-Occupied 5/1 ARM No Point Rate + 1.50% + 0 pointPresently: L5 Resi Owner-Occupied 5/1 ARM No Point Product is set at 2.50% therefore, the CML Non-Owner Occupied 5/1 ARM rate would be1) 2.50% +1.00% = 3.50% +1 point2) 2.50% +1.50% = 4.00% + 0 pointTerm: Max: 20 yearsAmortization: Up to 30 yearsFloor: The initial rate on the transaction will be established as the Floor rate for the life of the loan.Repricing: At the end of the initial 5-year period, the interest rate would reset to the then 1-year T-Bill Rate (Index) plus 325 basis points (margin)No prepayment penalties requiredInterest Rate Repricing Caps: 2% +/- at each change date; 5% +/- over life of the loanClosing fees: Utilize mortgage calculator fee scheduleStandard commercial real estate loan underwriting guidelines are required (i.e.
Christopher Collins
Eviction before tenant is in default?
7 December 2015 | 18 replies
If they refuse to sign the notice saying they will move within the 30 days time period would that suffice you think?
Jeff M.
Lost Objectivity. Opinions Please.
9 December 2015 | 7 replies
I also have a 10 inspection period.
Trey Watson
Good Wholesalers & Bad Wholesalers: Whats the difference?
9 December 2015 | 7 replies
In wholesaling, you're typically dealing with non refundable earnest money and no option period contracts.
Daniel Karbownik
Can somebody check my numbers?
8 December 2015 | 5 replies
On the other head, this deal might work if you think the property will appreciate in value in a short period of time but I don't like speculative deals.
Fred Kite
Seller agreed to price that turned out to be under water
25 January 2016 | 13 replies
After executing a contract with a seller and passing the inspection period the title search turned up a second mortgage that puts the seller under water on the property by something in the neighborhood of $50k.The contract was in Florida done AS-IS.Do I have any ability to force the sale to be completed and acquire a clean title?
Rob Shinn
New Member Question
14 December 2015 | 3 replies
since you'll have a much lower interest rate during the initial period meaning less out of pocket and much more of each payment going to pay the principle.
Paul Williams
Deal Analysis
17 December 2015 | 12 replies
You will need a portfolio lender, who will typically have a shorter term loan period.
Mark Neiger
Broker to me: "Your expectations are too high"
12 December 2015 | 34 replies
The goal of scaling should be to get efficiencies and make your money work harder.
David Krulac
In the midst of a IRS Section 1031 Tax Free Exchange
11 December 2015 | 5 replies
They are not getting any easier either.The 45 day identification period is hard and fast, miss that date and you have a fatal flaw for the exchange.