Financing and Credit

Does anyone out there know of any banks in Charlotte Nc area that will do a refi on a 2.2 million dollar MF complex? or might be able to help me out?

There is a website that mortgage brokers use to find lenders who will fund deals for borrowers who approach them. They post the criteria for the loan online, and lenders of all types, conventional, commercial, hard money, etc. look through the postings and if they can offer a loan to match the criteria, they reply to the mortgage broker. The website is www.scotsmanguide.com.
Investors can use this site to shop for lenders to fund their deals. The steps are simple:
1) Go to the above website. On the left side if you scroll down a little are headings for Residential and Commercial. If you are looking for a loan on a residential property, underneath Residential there will be a link called Loan Post--View Postings. Click that link.

Unless you are addicted to risk, there is nothing better than having a well qualified list of cash buyers before you start finding properties. Think about it--a person with money in their pocket, who wants to spend it with you, who will tell you exactly what they want, and is willing to pay you well when you bring it to them. It doesn't seem like it can get any better than that! But it CAN!
Having a qualified list of cash buyers is your gateway to other types of deals. Imagine the positive relationship that develops as you feed deals to cash buyers, who then make money on the deals that you brought to them. They trust you as someone who follows through with the things they say you will do. You have proven that your word is good.

I receive a lot of questions on no seasoned refinances and seasoning requirements from banks. This should help people understand a little more about this:

Banks come in two broad types: 1) Those that sell their loans on the secondary market and 2) Those that keep their loans to themselves.

Definition:
Seasoning: How long you have paid on the loan or owned the property. For example: If I have paid 7 months of a loan I could say I have 7 months of seasoning. If I have paid 3 months on the loan I could say I have 3 months of seasoning.

Here is an example of Secondary Market Sales and Seasoning requirements:

I looked for an answer to this, but didn't find one. Nor am I completely sure the question belongs here, yet it still seems to deal with financing, so thanks for the flexibility.

Can I sell a property I paid cash for, then took out a mortgage against, using a lease option contract?

I figure since the title stays in my name and if I pay the bank what I owe the bank, where is the concern in doing so?

I believe the answer is "YES" but some confirmation is appreciated.

Thanks!

Jake

Hi im looking for either someone that can fund a multi million dollar MF complex in Charlotte Nc or knows of someone or knows of a bank that can refi a property such as?...

www.linksourcemanagement.com/innercircle

What this site is , is investors that that have cash in their bank accounts agreed to allow investors to use their name and bank account statements for proof of funds when making cash offer, this can be a huge advantage in competitive areas. The seller will see bank statements of the cash being available & a phone number if they need to verify with great customer support.
You can get unlimited amounts of POF letters from this site after you sign up & have an account.
It is $95 bucks
But
If you use Coupon/Refferal Code: harold
its marked down to $80 bucks.
Check the site out,
The idea is to get more offers accept with real cash POF bank statements available provided by real people.
Check out the website
again the website is

Does anyone know of a quick(and hopefully easy) way to get financing on a residential Single Family home rehab? I just used my credit to purchase(free and clear, no mortgage) a bank-owned home and need to do some rehab quickly. Any help would be appreciated...

Mike (440)202-1551

Thanks

I would like to know if there are enough members in northern Utah to start a RE Club or just get together?
Has anyone ever played the board game called Fast Cash?
I know of another fix and flip group who have great meetings, networking and assisting others. I was told at the buying summit to throw this out in a blog.
I am willing to travel about 30 miles to associate with others.
Thanks Jay

I want to get credit cards but my credit is poor. I would like to know how I can get credit cards .