non conforming loans
Thursday, May 06
As I and my friends sit around and talk about today's currect credit market we keep asking ourselves when do we think we will see non confomring loans come back? The non conforming commercial loan is coming back where the lender is concern more on the deal than the credit of the principals. If th...
funding short sells
Tuesday, May 04
I have been helping people save their properties by helping them buy the current notes from their lenders and than the do a deed in lieu of to a new enitiy n=belonging to them and our investor. This extends to the time for them to refi or find another exit strategy
new client
Sunday, May 02
Picked up a new client yeaterday. He is buying ten used mobile homes for a total price of $85,000 and will rent them out at 550 per month per home. This bright young man will really cash flow. The lot rent is 250 per month. Figure 85,000 dollars at 8 percent for ten years and see what positive ca...
financing short sales
Friday, April 30
In trying to do a short sale on a property that is non performing consider buying the notes at a discount from the bank and getting a deed in lieu of from the owner. This benefits the current property owner and you have seasoning on the note and ownership. We finance this type of transactions all...
leverage current property
Friday, April 30
In today's credit world how does a invesntor leverage their equity to buy more cash flow properties? There are no more seconds available and every lender wants skin in the game.If you have serious equity into a property we can use that equity has the donw payment for buying apartment buildings or...
messing up by Hurring
Friday, April 30
Have you ever made a mistake by getting in such a hurry that you do something really stupid? That is what I did with our mobile home application. this is a new program to our company so I made some basic changes to our RV and boat application and sent it to out to several people. One of the folks...