All Forum Posts by: Scott Wolf

@Roxanne Cerga, what @Kyle J. said!

4% at 100% is insanity.  Unless it's your mom.   You can ask if their fees will be paid at the closing table.  If they are not, run for the hills!

Most definitely.  Thanks Basit! 

@Edward DePalma (sorry, forgot to tag you in my post)

InstaLend looks like a RE company for investment.  What kind of capital are you looking for?  Business or Real Estate?

As for Sohin Shah, not sure he's the best to deal with.  At least according to the SEC : https://www.sec.gov/litigation...

@Marc Ende, if you put work in, it may get a premium from a homebuyer. An investor will only judge the property by its cash-flow potential. End users usually pay a premium for SFH's.

The only way to find out what it's worth is by putting it on the market or get a broker's opinion of value.

Happy to look at the property as an investor.

@Marcelo Martinez a title company can you give you an estimate (not including bank fees). Any bank can and is required to give you a closing fee statement as well.

Happy to get you a title estimate if you want.

@Shane Bladel, "How do I spend 150k in NYC Metropolitan area"?  Go out for lunch!  (sorry, super cheesy joke)

If you want to invest, and not spend, you can become a private lender, invest as an LP in a syndication(may need to be an accredited investor).  You can also buy smaller MF in upstate NY, Fairfield county CT some places in NJ.  Or long distance RE investing as well.  The world is your oyster.  You just need to pick what you want!

@Ayana Morali Definitely use a mortgage broker, you'll get the best rate & term possible.  I have a great one in NYC if you need the info.  My firm can provide a title quote for you for the closing costs on the loan(not including bank fees).

As for the "zero upfront fees" I'm not sure, but no one should charge any "upfront fees".  If there are fees, they're only to be paid at the closing table.  Good luck!

That makes more sense, but I'd still talk to a mortgage professional in your area, or your primary banker to get an idea of what they can offer you, and start hammering out some details with this private lender so you can figure out which path is best for you. 

@James Hamling, it doesn't require what you said at all 

"your narrative to be true it requires a construct that politicians are 1: intelligent and knowledgeable of actions & effect on the market, and 2: always act for what's in the general publics best interest. "  

It requires them not being able to fund projects in their states and listening to their biggest donors, and constituents, which a lot of times are RE players.

If you're so sure of your position.  My offered wager stands, and it doesn't involve squirrels.