All Forum Posts by: RJ M

Try George Franco with http://www.revitalending.com/index.php they are located in Bethesda. Tell him that RJ McCloud With Bargain Turnkey Investments referred you to him.

Have your client to pay down his credit card debt to 35% of the credit limit and keep the balance there. You do not want him to pay off his cards completely. That will boost his score drastically.

Is the property located in Montgomery County, MD?

if the borrower request a deferrment or forebarence, the bank will update the report and reduce the late payments. I have been 90 days late and requested a deferment and my account history was brought back to current with no lates.

Asking $35K

Currently rented on a month to month lease
Newly renovated houses on the block are selling at $120K.

Please email for additonal information:

Is their a lender in Georgia that does not have any title seasoning requirements for owner occupant financing?

I found a house that I would like to wholesale. I would like to place a contract on the property and sell it to another buyer to make a little profit. All of the purchase option contract appears to be geared towards short sales. Should I just use a regular purchase contract and included "and or assigns"? Can someone direct me to a source where I can get the proper form needed?

Thanks,

I need a realtor in Maryland/DC who do BPO

I have a contract on a property that I went to view out of state. When I looked at the property there was an AC unit. Per my lender's request, I ordered a BPO over the weekend, and I got my report which stated that the AC unit was missing and had pics to prove it.
It was starting to be a headache trying to get the house funded anyway because the equity spread was not large enough to purchase and do repairs.
Can I use the stolen AC unit as grounds to back out of the contract?

How can I determine the Capital Gain Tax due on a property that is a Short Term flip (Less than a year)? Does the tax vary by state?