Stephen Robertson
Loan origination? Need help SELLING a home with private money.
Alright, so I have a house valued at about $60k. The amount owed on the home is over 50k. We'd like to sell the property quicker than the average 150 days on the market in our area without selling at a discount. Havin...
Ken Rishel
Lonnie Deals - Then and Now - The original method won't work
First of all, I believe Lonnie Scruggs, was a great man who, while he did charge for his knowledge, made a whole lot of people a whole lot of money. I would never try to take that away from him.
Second, throu...
Ivan T.
New Flip in East Texas: Replace Windows Or Leave Original
We are on the last stages of our first flip since we moved to Longview, TX. The house has old windows that work but are single paned. Should we replace the windows and have a fresh look, or leave them the same?
Brandon Sturgill
Anyone working with a RMLO that originates wraps? Central Ohio
Is anyone currently working with an RMLO in the Columbus area that originates wrap mortgages?Thanks in advance
Gene Bonham
title report -- original not a copy--signed but not notarized
Does a title report have to be signed and notarized to be valid? I took a signed but not notarized title report to the county clerk's office to be filed and recorded today--They would not file it in the OPR because it...
William Brown
Original deed and note are gone and can't be produced
Hi, I am trying to wholesale a pre forclosed house. But the owner still owes on the property and the original deed and note are destroyed and she says the deed cannot be produced. Can I still make this a deal or no? I...
Cody A.
With locked rate lenders not honoring full original rate buydown
Hi. I'm under contract on a new construction home. We locked rates for the loan a little over a month ago when rates were around 6%. Where with the home builders closing incentives and a little extra cash we were goin...
Sean Youngberg
Determining scope of rehab on first flip. Rebuild original porch?
Hello flippers! I have begun rehab on my first deal. I'm partnered with a contractor and we are having a hard time with a few major decisions on rehab scope about exactly what should be done. He has the instinct to go...
Scott Pigman
Obligatory 2% Rule Post: Origins, 50% rule, and interest rates
I believe that it's in the BP charter that every member is required to start a thread about either the 2% rule or the 50% rule at some time. So here's mine.Does anyone know when and where the 2% rule was first stated?...
Steven Bond
2% finder fee 2% origination 20% ROI-9 Month balloon
FIG is opening up several new developments. The subject line returns are for 2nd position money. First position money is needed and will pay to investor 2% origination and 15% fixed for a 9 month term. Contact Stev...