Keith Schellhardt
"Limited" Power of Attorney
I have been requested to bid on, puchase and close on properties obo several investors who reside elsewhere. I would think that this requires some sort of "Limited" POA detailing specifics of time frame, properties, $...
Darren Lenick
Are club equity communities dying?
I’m new in the South Florida area and noticed that in certain communities there are mandatory club equity membership purchase requirements. Most of them seem to be in the $70k range with another $15k-$20knin yearly du...
Eric M.
Seeking Fast Title Company for Baltimore City Cash Deal
Colleagues: I have a cash deal in Baltimore City that both the buyer and seller need to have closed no later than 12/31. In a perfect world, it would close on 12/28 The buyer is paying cash. If you know of a reputab...
Jibrell Davis
Purchasing Mobile Homes??
I have three SFR, but recently an in-law has started purchasing mobile units and came to me for advice and it piqued my interests. He finds mobiles that need work for cheap ($1000-$3000) and fixes them alongside his c...
Christopher Davis
How to analyze a bridge loan on buying a wholesale property
I'm looking at a duplex @180K which would be a cash purchase requiring a short term hard money loan before I can refinance into a conventional loan.
Waiting for a callback about the terms of the bridge loan, it is of...
Matthew Wright
bond for deed scenario
With this type of financing, can I refi into long term financing with bank, when it’s time to pay off seller? Or is it treated as purchase (requiring 20% down with bank)? Is deed in my name right out of the gate or is...
Jerry Tolle
MLM'S
What do you think of mlms, I was introduced to a brand new company that is going Nationwide and was recently televised on Oprah this season. They have made over 200 million in 3 years marketing diet and health supplem...
Satha Palani
Fannie Mae - owner occupier rules
Hi,Last summer i purchased a duplex from Fannie Mae during the owner occupier period. I fixed the place up and moved in June. The other unit i rented out. I checked the owner occupier addendum and it says that i agre...
Chevonne Woodard
Using my first project as hard lessons learned
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Chicago.
Purchase price: $164,950
Cash invested: $80,000
My First multi-unit purchase, requiring more investment than proj...
Brian Gibbons
News - CFPB Clarifies Servicing and Mortg Orig Rules
http://www.housingwire.com/fastnews/2013/06/10/cfpb-clarifies-servicing-mortgage-originator-rules
You may want to follow these guidelines!
Bill Gulley might want to comment.