Alan Exelby
Lender Backing Out at the last minute.
Hey AllI am in the final days of a probate sale and my lender finally came back with an appraisal well bellow the comps in my neighborhood that I'm buying. I am already into this for a bunch of money that is non refun...
Kurt Sprigler
Who has purchased 10 million plus?
I was curious about financing 10 million plus deals. Who are you using and what terms are you getting? What type of cash flow do your lenders look for? Are you using syndication or private money? Love to connect!
Patrick Philip
What do you think about this contingency clause?
I am looking for a way to protect myself against buyers causing me to take my house off the market, and end up wasting my time.What could go wrong if I added this clause to the purchase contract? This says that the bu...
Rich Weese
mortgagors and mortgagees- question
Sorry about the previous test! I didn't want to type the stuff up and then be told I couldn't post it! I was referred to a "very knowledgeable " mortgage guy who has told me I have a problem. I'm trying to refi (cash ...
JDee Moore
DEAL DEEP DIVE - Thoughts/suggestions
Hello BP family, I have a deal I'm looking into please give your input. I want to use a FHA Loan to finance a spec home new construction for $470k standard ($550k with full upgrades) as my new primary home contingent ...
John C.
Tax implications on buying/selling defaulted paper?
I know nothing about notes. I have the opportunity to buy a non-performing note at a discount. The note was in a pool sold by a portfolio lender to a "loan workout" group at a substantial discount. I know the property...
Tim C.
Portfolio Lending / Hard Money Lending Advice In Atlanta
Hi guys, I'm looking to engage some hard money lenders to refinance my portfolio of SFR's that are held in cash (I'm looking to do a loan of $400-$500k on a 30 year fixed rate). I wanted check in with you guys:1) W...
Mike Flora
Closing fee's
Anyone know what kind of fees would be added to closing costs if you have a seller who is behind on his mortgage payments?? EXAMPLE: 100K left on the loan-monthly payments $1000- 3 months behind on payments- got him u...
Mike H.
On the 1 yard line for my refi and have hit a snag
I'm refinancing a rental property right now under fannie's 5-10 guidelines. I'm over 3 months into this crazy refi and just when they're about to issue the clear to close, I get blindsided by some crazy issue.
Does a...
LaTonya Clark
Still haven't closed yet
People People People.. I am trying to close on my 2nd investment property and it's been a ride. I could not get the whopping 67,000 loan which surprised me, with no fault of my own, but it has forced me to buy it in c...