Matt Meier
Seeking Short-Term Financing Options for Renovation Property
Good morning,
I’ve come across a renovation property available at a significant discount and would like to secure it without going the traditional 6-month financing route. We estimate the project will take less than ...
Jamie Warcken
Buy down our rate, or take home extra cash at closing?
We are under contract for a primary SFH for $455k (asking $480k) with 6% concessions, or $27,300. We are using FHA with 3.5% down, or $15,925. Current interest rate is 6.75% and a 3/2/1 buy down costs $19,929. This is...
Peter Tverdov
What would you want as a client gift from your PM?
Our company is going to send out a small client gift around the holidays as a way to say thank you. Open to ideas of what people would be happy to get from their property management company? Only thing I can think of ...
Andrew Lax
Trying to be creative
In the process of selling some of my less desirable properties and still working on creative financing ideas;
Do you think the following would be of interest to investors.
-ARV - 500k
-Purchase Price - 400k (need...
Paul M.
mortgage companies offering payoff at discount
I remember hearing stories from my finance professors about how when interest rates were high in 70s the banks would offer mortgage borrowers a chance to payoff their loan at a discount to the principal balance. Pre...
Alan Bostick
PML wants to sell performing note
If a PML wants to sell a single performing note should they just take it to a local bank and offer it for sale? Are there websites they should use for this kind of sale? How long after the note is tendered should the...
Andy Bankston
Summit hotel group rate no longer available?
My hotel reservation for the Summit is the final thing I need to purchase. I didn't have the extra cash until now, but now they are saying the group rate block is filled. Joshua, any chance of getting them to add so...
Ben Tiggelaar
Financing a 4 plex - term sheet from lender
I have a 4 plex in Austin, TX under contract that is fully rented. I have a term sheet from Guaranteed Rate for a 30 year fixed conventional mortgage at 4.875% with no points. Is this a fair rate and pricing right now...
Kenneth Davis
Any ideas on offering discounts to attract better tenants and are there any limits to types of discounts?
Is it illegal to offer discounts of say, like a $25.00 discount for people who have good credit, discount for having held the same job with the same employer for over a year, a discount for not having any criminal rec...
Rico O.
Strategic/Creative Negotiations
Hi BP"s Pro's,I am interested on building my skills on strategic/creative negotiation at he point of visiting a potential seller in diverse situations. If any one can share titles of books that would be focused on rea...