Account Closed
Anyone Buying or Originating Seller Financed Notes in Florida?
I am curious to know if anyone is originating or buying already created seller financed notes here in FL. What pitfalls are you looking to avoid? What local markets are doing well for you?
Kevin Evers
Success with buying & renting back to original owner?
Good morning,I'm looking for insights from anyone who has had success with (or developed a niche of, or failed at!) buying houses and renting them back to their original owners. I'm thinking our target market would b...
Juan V Lopez
Appraisal Came In Much Lower Than Original ARV Estimate
From a close friend who needs help:I purchased a SFH earlier this year using a hard money lender, had an appraisal completed at the time and all the numbers checked out.Due to COVID, several properties in that area so...
Changrak Choi
Lender increasing origination charge one week prior to closing
Hi, I'm writing to seek advice on the issue I have with my lender prior to closing.I'm purchasing a duplex investment property in LA county, with closing on 1/24 (one week from now).I've locked the rate with the lende...
Sunil Kumar
$40k REO Condo - Originally 130k. Buy or Not Buy?
In a predicament. foreclosed loft sold for 130k in 2004, now an REO. bank wants 80k.
Taxes: 260+/mo.
Dues: 230+/mo.
All in all fixed cost to own the unit: $622
Will rent for $800 easily. $178/mo cash flow or $2136/y...
Brandon Miller
How do you handle additions to the original structure?
I had a question arise which I was not completely confident in knowing the answer. When dealing with a home that you want to add square footage to, what are some of the challenges that arise with permitting, issues wi...
Levon J.
Houses sold for much less than listed for originally.
Hi, I've noticed an interesting thing recently - some houses are being sold for much less than they were originally listed for. Not like when you would negotiate the price and bring it down by a couple thousands or so...
Sandy Uhlmann
Is having a copy of the original application important?
I am in the process of purchasing a note. Seller tells me that they don't have a copy of the original application. Is this important? Am I able to pull credit through a third party vendor without it?I know that FCI...
Naftali Tolibas
Need to Owner Occupy: Tenant didn't sign original lease
Just closed on my first property (duplex) and I need help!Long story short: The tenant does not have a signed lease (Owners may have forged, and I did not do proper due diligence) and I need to have her out. We've agr...
S Cutsail
States Required to hold NMLS to originate REI Loan
I have not yet been able to get a definitive answer as to what states require a Commercial Broker to carry a broker license to get funding private or hard money for non owner occupied real estate investment properties...