All Forum Posts by: Allen Wilson Jr

@Andy Thramer Premier Land Title is awesome. They don’t mind 2 weeks closings and communicate very well. I typically work with Linda Ruma.

I am looking for a lender to refinance a few of commercial loans to conventional loans. Good credit, but DTI not so great. I have a 25% - 50% equity in all properties. Any referrals would be much appreciated.

I am trying to figure the best possible way to purchase my neighbor's house before his foreclosure in one week. He just wants to be done with the property and plans to just let the bank take it. It's easily a +120K property and he owes 70K to the bank. Is there any way to structure a deal that I can pay his past due amount to stop the foreclosure then finance the rest of the property in a couple of weeks. Just seems like a win win situation, no foreclosure for him and I get a smoking deal. Any advice or guidance would be much appreciated.

@Lisa K.

Did you find a good GC?

@Albert Bui any idea how that works with "arm's length transaction" being a factor?

Appreciate all of the advice! Definitely have somewhere to start now. 

My dad just transferred me a property via quit claim deed, with the intention of me paying him 30K at some point. The property is already rented out for $550 a month. It doesn't have insurance, but I quoted it at about $650 a year and taxes are about $900. What would be the best way to finance this property to give my dad his money. i have zero experience with any of this, so any and all advice would be much appreciated.