All Forum Posts by: Sean Dezoysa

Hi, I understand that most private lenders want to lend for no longer than 5 years. With this in mind, do investors who use private money need to continually find new private money to act as a replacement? Or are banks generally willing to refinance (even to an investor with 50+ low equity properties)?

Originally posted by Dion DePaoli:

A bank may still be interested in a loan against a property with a title structure as TIC but will likely require all parties to sign the security instrument granting the mortgage/dot.

The bank doesn't care how the property interest is divided if all owners grant interest in the property. Similar to a non-borrowing spouse.

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Thanks Dion; does granting the mortgage typically also require a personal guarantee behind it?

Makes sense, thanks. I think a profit sharing agreement on the side may be in order, recorded after the property is refinanced.

Hi, if I sell a house on owner financing with a balloon, but the homeowner owns just 90-95% of the house (investor keeps the rest), will the bank have no problems loaning against the homeowner's equity share, or will this cause big complications?

Hi, I'm looking for a good inbound call center to field my calls and qualify leads/set appointments with those who meet my criteria. Does anyone have a good call center they use and could recommend?

I understand that a lot of investors don't want to deal with short sales due to the time & hassle involved. I know that banks take a long time to respond. That said, what else in the process causes a significant amount of personal time to be spent?

Thanks

Of of the wholesalers in my mastermind group agreed to a price on an apartment building and started driving over to see the apartment. Midway during the drive the seller called and told him he couldn't let it go for any less than $5,000 more than the price they agreed to on the initial call. The wholesaler was upset that his margin dwindled but said it was still a profitable deal, and kept driving.

While I agree with his logic, my gut tells me something was wrong here. It seems like a pretty clear gambit by the seller to extract more money from a buyer who committed and was driving to his property. What would you have done in this situation?

Foreclosed/Abandoned homes have mailboxes full of direct mail from competing investors, many of who have mailed for many years and have a piece that converts well. The issue is that taking mail even from abandoned homes is illegal.

I'm a big believer in having your own website to find motivated sellers. That said, if the goal is to find as many of them as possible then there's no reason not to also pay other websites for quality leads.

What have your experiences been (if any) with online lead generation websites like http://webuyhouses.com? Here is a list of other real estate investment lead gen sites I've come across:

1800noagent.com
1800sellnow.com
Fasthomeoffer.com
Webuyhouses.com
Ibuyhouses.biz
Homeinvestorusa.com
Fastcash4homes.com
Propertyleads.com

That's good to know. I wonder what the CSR at Redfin meant when she commented that a listing broker can change a listing to "hidden" to disable it from public search results.