Clayton Howard
Wholesale before original closing of home bought at auction
I recently purchased home homes at auction in NJ and was wondering how I could Wholesale them to someone for a higher amount and close to pay for the property with spending any of my money.
Rick Jones
How to amortize loan origination costs of business LOC
Wondering how to amortize loan origination costs of business LOC. LOC is over several properties I own. Normally I would amortize the origination costs (appraisals, origination fee, etc.) over the length of the loan b...
Tyler H.
Originator pushing loans through different states to avoid laws??
I have a client who was in contract on a small investment property in which he found a company that would "broker" the relatively small 50K loan. (80%) There was a number of red flags and horrible communication.... To...
Bryan Plumb
normal (current) loan origination rate for an investment property
Hey everyone,
We are buying a condo in Hawaii and received our estimated closing costs for our pre-approved loan. This is our first investment property, but I did know to expect higher fees in general. However, was c...
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...
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...