Grace B.
Owner Financing Term payable at the end of balloon
Could you advice this Odd owner financing term? I have a highrise condo under contract. The buyer ask for owner financing because they are retired and difficult to get a loan and yet don't want to used up all cash. I ...
Ken J.
Denied for HELOC due to lack of credit history
Hi,I am considering obtaining a HELOC to purchase a second property (ideally for investment purposes). I have applied with Chase and a local credit union and have been rejected for lack of credit history. I own my cur...
Logan Badenhop
owner occupied mixed use commercial property refinance
Hello, I came across a mixed use property in need of major rehab that I believe has a ton of potential. I already have a private money loan pre approved that would cover the purchase price and the est. rehab for the e...
Account Closed
$150,000 Cash for RE investing
I am located in California so 150,000 cash is not that much for investing in real estate. But I have 150K I can allocate to real estate. I would like to hear what the more experienced people would do with this money. ...
David D.
Hard Money Loan Amount Formula
As a hard money lender wannabe I'm trying to figure out what formula to use in determining loan amount.
I'm thinking: the lessor of 65% ARV or 80% of purchase price. Is this too restrictive? Should it be 65% ARV on...
Andrew Melvil
Direct mail while virus
Do you continue direct mailing during all that current virus situation? Especially finding motivated sellers in preforeclosure.Do you get less responses than 2-3 months ago?
Brady Grohne
Are you having success selling on lease option?
I'm curious to hear from folks actively selling on lease option about their buyers' experience in refinancing out of the lease option period/agreement. Provided that they are creditworthy, are your buyers consistently...
Ned Micic
Will I be eligible for financing?
Hi,
I currently own a house in northern NJ that I plan to rent within the next month. I want to rent my current home and get a mortgage to buy an investment property in a near by town. I currently have no debt beside...
Fritz Krampe
Looking for more info on purchasing Industrial Property
I have an opportunity to purchase a Industrial building (factory with warehouse) with tenant lease back for 15 years NNN. Has anyone been through something like this that would share some knowledge? I have a local com...
Alex Katos
How to transition from 9 to 5 desk job to real estate
Hello all,I am in a pickle here. I am looking to get out of my 9 to 5 and pursue real estate but I am held back because I am unsure where to start. I know it is a risk leaving a full time job with steady income and go...