Mike Neubauer
Seller financing vs Regular sale
I’ve been listening to Mitch Stephen’s podcast and seller financing seems like it’d be a good fit for our business. Can someone share their insight on the financials of carrying a note vs getting the big pay day now. ...
Lokesh W.
myFICO.com score. Is it accurate??
I got my credit scores from myFico.com. My scores are as follows:
TransUnion: 773
Experien: 778
I called one of the business credit companies because I am thinking of obtaining a business loan and the manager told m...
Zevi Arem
Budgeting for expenses
Hey so I haven't done any deals yet and I was wondering what people do when they budget on a monthly basis on their rental properties for Repairs,Property Management,Capex,vacancy...etc. Do they have checking accounts...
Larry Sarner
Getting that first deal done
So I have a potential deal: Bank owned condo 2/2. Recent comps $280-290k. Bank is asking $199. rehab estimates come in at $57-$60k. I'm offering $120k. I'll probably get laughed at but factoring in the carrying ...
Steven Rogers
New to (commercial) REI - typical to get max loan approval prior?
I'm very new to real estate investing, but there is one thing I wanted to get clarified - is it typical for a person to already have a pre-approved loan for a given amount, before looking more seriously into buying a ...
Ray O'Brien
Viewing foreclosures
Hi,Newbie here.I was told by a Realtor that in order to view a foreclosed property i had to be prequalified. Is this true? The property is in Wisconsin and i live in MN. Any input would be appreciated.
Jane S.
More Freaky Follies From Friday’s Rental Journal
NEVER remove for rent signs or cancel internet rental ads, until lease is signed, cash paid, and new tenants are in process of moving in!I had an applicant whose application showed NO debt, NO loans, etc.The screening...
Elianna Zuluaga
REO foreclosure and auctions.
Hi everyone.
I'm new in real state investing and I would like to know what are your thoughts about REO foreclosure and auctions and if there are some steps that would make this process easier for someone without expe...
Ronald Hunt
Creative Financing
I am in the process of trying to find finance options for a very nice duplex in the Indianapolis, Indiana area. The home I'm looking to buy is $180,000; My offer that I am looking to make is $160k but I've only quali...
Russell Peden
Commercial Lending question....
Hey All,I'm looking at a deal on a 6-unit building. When I contacted the agent about putting an offer on it, he said "...sure, just provide me proof of funds or a Pre-Qualification from a Commercial lender"I had plann...