What are the pros and cons of buying a rental property cash? Just want to hear you guys opinion. And any other suggestion/awareness you guys might have for me.Thank you!
What are some of the transactional funding companies you would recommend using?
Hi All,I closed on a property last week and the loan I got was 7/1ARM at 4.125%. The purchase price is 1.5M and loan amount is 1.2M. I had to agree for the higher rate under stressful situation as I was running out of...
Have you ever tried to add a $ penalty per day for delaying a closing date in a sales contract?
I know many of the delays are due to lender issues, but why should I bear the brunt of that cost? I'd like to give the b...
Hey guys/gals, Refinancing my owner occupied property with cash call mortgage and they offered me a 30 year fixed at 3.875. I'm just curious is that a good rate during these times? They took the median fico score of 7...
I have a rental condo in LA and planning on selling it. It should get 300K give or take. I have a note of 118K. After accounting for improvements and depreciation I have a cost basis of about 177K. I am looking to acq...
Hello, We are purchasing a house through a Wholesaler for the first time. They are using a standard Missouri contract and are doing a double close. They say the title company will not close if the house does not ha...
As a private lender, I'm suddenly getting a lot of requests for three things that concern me.
1. Lending the Downpayment (behind another hard money lender)2. Lending all the borrowers closing costs3. Lending funds fo...
I’m looking to break into REI with wholesale deals as a way to raise capital for personal investment properties. When it comes to getting a seller to sign a purchase agreement, how are wholesalers showing POF even tho...
How is a typical contract structured for a wholesale deal? Does anyone have a contract on a wholesale they could share? How long is the typical contingency? What do you consider the stereotypical wholesale deal? Th...