All Forum Posts by: Stan Jackson

In the beginning, I had much success with both small, local and/or AM radio stations. Suprisingly, the fees were quite low to reach a large audience. With a carefully created message, you could find yourself overwhelmed with business.

Josh,

I've noticed the pink message that says I need to complete my profile to view a particular forum. I think I have completed my profile at least three times, what am I doing wrong?

Thanks,
Stan

I just wanted to say Good Luck, you've reached the right source for success!

Allow me to do what I do best. Pull comps based on specific market/neighborhood data from reliable resources. Understand that I am not a pawn to be used while other receives the compensation. Realize your generalized request will result in generalized performance or results. Know that I will ask questions, many questions, so that I can fully comprehend your needs. Once the criterion is complete, know that I will be moving 100 mph to get what you want. So, be able to pull the trigger when previously stated unless unforeseen circumstance occur and know that most events are foreseeable.

My career choice is just that, I have and will continue to work hard for my rewards. If your suggestions involve violating rules or laws (no, I do not know all rules or laws), I’m not your realtor. I know some have read the previous sentence and said to themselves, “that’s obvious†but, many have said “I guess I will not be calling Stanâ€. I apologize to both.

Be motivate about your requests, but not emotional, because I certainly will. Remember, it’s a numbers business. After all is said and done, if there is something you can educate me on; then do so, I will listen.

Just when I thought I knew a lot, in comes BP!

Thanks to all who have responded to my questions and to those who have provided much needed answers through research.

Thanks very much!

Good people...good advice!

I will go to the buyer with additional questions i.e. exit strategy after home has been repaired, sale has not been executed and HML becomes due? What funds is he going to contribute to repairs while waiting for HML disbursements? What funds does he have for holding costs?

Again, thanks for your education.

Jon-The buyer is planning on selling the property and not living in the home.

Jon- The buyer plans on holding onto the property. So after the repairs, he would refinance into a permanent loan, possibly FHA. The buyer is willing to pay 3 point and up to 14% on the rate.

Wouldn't an owner occupied property have a better chance of getting the deal through over non-owner occupied?

Wheelhouse- The repaired value is actually conservative, which would result in a lower LTV.

Thanks, for the support, if I can get this done, it could be the beginning of many more.

Buyer is interested in purchasing a home for $80k with approx. $50k in repairs. The after repair value is estimated at $214k based on comparables pulled by realtor.

Can the buyer take the executed contract to a hard money lender for the purchase and repairs, considering the total acquistion cost ($130k) is roughly 60% LTV?

What are the possible problems?