All Forum Posts by: Andy Chu

Through your bank. They can help put together a proof of funds

Sometimes you get lucky. It happens all the time. Remember that home prices are continuously fluctuating and that oftentimes people overlook homes due to whatever reason.

When a house is aged on the market, I always try to do something to the property to spruce it up. Its amazing what a little bit of money does to a property.

I've always believed in refinancing even as rates drop. The key is to build in the cost of the refinance into the rate. Most lenders increase the YSP to cover your cost.

I have a lender that will cover my origination fees, title fees, and appraisal with a 3/8 pt spread. So if todays rates are 3.5% I would get it at 3.875%. If the rates drop to 3.25, I would just refinance to 3.625%.

If you can assign a contract and escrow company is okay with it, then assignment is always the best way to go. You don't incur a second closing cost.

Most of the time, it's just not allowed.

Sounds like fun. I think I'm a little late to the thread

We also have an office that's investor friendly :)

As a Realtor in my local market, I still utilize different agents (even agents outside of my company) to help for our flip business. Let's face it, everyone knows someone and even if you work 24/7 , you can't beat 10 agents working 8 hours helping you find. I would take it a step further and look for local bird dogs, local probate attorneys, BK attorneys, and etc etc etc.

That's my 2 cents even as a REALTOR :)

I'm assuming you are looking at a 4plex and not a 20+unit complex. The problem you will have is that these tenants are the ones that cannot rent houses, condos, or etc and must go to dilapidated living conditions with rents in the $500s a month. The turn over and vacancy is extremely high. Even though the #s looks good on paper, they may not be. If you want to take one off my hands, I would be more than happy to unload a 12 unit complex :) (was that considered solicitation?)

Where do I begin... To connect with asset managers and outsourcer Asset managers, go to any real estate convention these days. To name a few, NAR, AREAA, NAHREP, NAREB, WINDS, 5 STAR... .... ...

There are hundreds of these things nationwide.

To answer the question is that all offers are presented in a digital format. The listing agents have no control of which offers are going to be accepted. Regardless of how bad of a business practice it is to use the due dilligence period as an "OPTION" period, you can do it without fear of being black listed.