Mike Garland
Buying a Note but seller may not have original
As the subject says, I am purchasing a note from someone I know. I have copies of the original note, but he is having difficulty locating the original promissory note and deed of trust. Any recommendations on what ...
Kevin Hofstee
Title company requiring original trust documents for a refi?!
Using a local community bank in Michigan for a cash out refi on a BRRRR. The property is currently held in mine and my wife’s respective revocable trusts. I live out in Oregon, so they sent a mobile notary, we get t...
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...
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...
Royal Bel
how to prevent original owner from meeting your tenant
I have a friend who has just started in real estate and he managed to rent a house then lease it to another and make profit from it. However, due to some unseen circumstances the first owner contacted his tenant and n...
Natalie Schanne
Pitfalls? Avoiding Transfer Tax -Flipping WITH the original owner
What are the pitfalls to having a contract with an owner to "flip" his property while he still owns it 100%? Does anyone do this successfully to pocket more money and/or utilize owner "private financing"?For example: ...
Dibyendu Mukherjee
Need some information related to Loan Origination from Lenders
Hello,I am working on a project for which I wanted to get some information about the Loan Origination process. If you have experience using any of the tech platforms like Blend, Floify then thats a plus, if not that's...
Account Closed
Seller financing: Mortgage Loan Originator Rec in So Cal?
Hi.I am selling a mobile home with seller financing. I am looking for an Mortgage Loan Originator who is versed with seller financing in the LA area? The mobile home is in Lancaster.I would love any recommendations? ...