Alex Locklear
Assining or Double Close or Neither?
I'm 22 years of age and just starting off the RE investment world; I believe going down the wholesaling path is the best route for me starting off, as I need to build up some cash flow.
My question is, which is the b...
Anna Doumkina
Financing for a Foreign National
Hello! My partner is an EU citizen looking to invest in the USA to purchase properties that will later be for Section 8 tenants. He does have an ITIN number, recently opened up an Amex card in the States to start buil...
Albert D.
Do you assign leases to lender?
When financing a 8-unit apt, bank asked owner to assign leases as additional security on top of the property itself. Is it normal in apt financing or negotiable? Meaning, property alone should be sufficient collate...
Sandy Blanton
Lender allow assignment fee on HUD?
I have a customer trying to get an assignment fee on the HUD. The lender and I don't know if it'll be allowed. Any advice on how to get the assignee paid on the HUD? Thx
Eric P.
How much to put down on rental properties?
Is there really a point to trying to avoid PMI? For example. I'm looking at breaking into RE investing through long term rentals, starting w/ houses around $100k and renting for $1250-$1500. Is it worth me putting d...
N/A N/A
Need Lender That Allows $20K Assign Fee On Hud1
We have a house under contract for $76K. End buyer wants to buy it for $96K. It appraises for $135K. End buyer is going to put $5K into rehab and intends to owner occupy. His credit score is 750. He was using a mortg...
Daniel Hart
Looking for ideas on closing contract assignments with conventional lenders
Any thoughts on how to do this? Someone mentioned to me that it may be possible to record a mortgage/deed of trust against the property, and use the payoff of that as your assignment fee, so that it doesn't appear as...
Brian Pierce
Will convention lenders pay an assignment for on a wholesale deal
Hi BP!I have a nice and habitable property under contract for a wholesale deal. I have a couple of conventional buyers that want to buy and are pre approved. I have one lender that would like to speak to me about my...
Kendra Rodwell
Wholesaling with a Realtor
My main strategy is to focus on fix-n-flips but I found a great deal on a property that would not be a good flip for a newbie like myself (over $70,000 of renovation cost and some foundation issues). I found the prope...
Tyler O'Malley
Assignment
When assigning our current contract, are we able to use an assignee who would use an FHA mortgage, or is it a strictly cash buyers scenario? Appreciate any help, guys. Thanks