Gerich Fellermann
Seller & Lender communicated to have appraisal raised
Hi all,I am working on a turnkey in Kansas City, MO and the appraisal (ordered by me through company referred by Lender) returned an appraisal that was $21k below the contract price ($162k ->$141k). The seller the...
Nathan Click
What is a CMBS loan and why do you care?
A CMBS loan or Commercial Mortgage-Backed Security loan, also called a Conduit Loan, is a unique method of securing financing for stabilized revenue-generating investment properties. These loans are not as familiar t...
Joshua Durrin
First Offer! Am I on the right track?
Hi. I found a property listed on the MLS for $650k in need of approx. $150k in repairs. The property was an historic property in my area that needed lots of work including a new roof (existing was just paper for over...
Karen Margrave
Help! Determining ARV when there's no other remodeled comps
We're new to doing rehab/flips, with our experience being in new spec construction. We are now in Oregon, and have a house in escrow that is located in Sunriver Village, which is a very popular area for those wanting ...
Sean Smith
I own a 2 family w/ no mortgage and can’t get a Heloc
I own a 2 family out right that’s worth $300k. No mortgages. I also have zero personal debit besides a $400 credit card. Credit Karma says my score is 675. I recently open up a business for Electrical contracting and ...
Danny Chan
Can we tell applicant that income must be 3x the rent?
Hello,I was looking up fair housing laws in Chicago because I am trying to rent out a unit, and I came across an article online that said we are not permitted to say that income must be three times the rent, because i...
Sabrina Kane
What to do when you have 1 incapacitated heir ?
I have a deal property under contract with the sister, however she has 4 other siblings of which 1 is incapacitated in a state mental facility he does not have contact with the family. Is there a way or procedure to b...
Rich Schroeder
Death Panels
http://www.newsmax.com/Headline/krugman-death-panels-vat/2010/11/14/id/377008
All of the crying that was done, all of the hate speach towards Sarah Palin, Glenn Beck, Rush, etc...turns out they were right. Makes you ...
Paul Kerr
Sick of not being able to get a line of credit......am I missing something?
My brother and I have flipped 2 homes exclusively doing all the work our selfs. I also personally own a home that should net me around 60k when it sells. Were about to purchase a home ( for 47k and tax assessed at 16...
Tim Soto
Successful Self Storage Closing Thanks To Private Lenders
Hi everyone. I’m glad to have the opportunity to share my latest investment transaction in hopes of inspiring anyone in need of a nudge or offering some valuable information. I recently just closed on a under-performi...