Financing and Credit

Can anyone tell me how I can use my Roth IRA to invest in REal Estate? I've been losing $$$ and want to save it before it is gone.

I found a link and thought I'd share.

There are a number of sites that explain hard money well, probably, but I found a site I thought did it pretty decently.

I don't want to link to the site for breaking any rules, but if you google "expert rehabber" or "experienced rehabber" it should be the first listing.

But you can see a video here

http://www.youtube.com/watch?v=ouc95JKc7oU&feature=player_embedded#!

A bit cheesy, but I thought it was helpful.

k-

Moderator, if this breaks any rules, a gentle notice would be appreciated.
thanks

Hello Every one, I have a question once again, I have a client who does not qualify for a bank loan but he have a down payment so I'm searching for properties that are owner financed and my question is what contract can I use to get payed by the buyer.
A tip will be appreciated and have a good day

I'm working with an RE agent in state of PA. She says can't use the clause (earnest money payment in 14 to 30 days after offer, if payment not made by then consider null and void)in an offer. She says proof of funds must be satisfied along with a check going into an escrow account in order to make an offer. She says realtors representing the seller will not agree to this, they will not take the property off the market for that amount of time for me to possibly back out later.

Is there any way around this? What can I tell my RE agent? Are there any creative ways that I can work through this?

Has anyone heard about the "9 new mortgage vehicles" that Dean mentioned on the "The Edge 11" dvd?

Haven't seen it on "DG" yet.

Thanks in advance,

B.A.

Hello every one could some body help me with some advice, it will be greatly appreciated.
I have a few buyers trying to get financing by the banks but they haven't have much luck because their credit score is too low so I think that If we get a property owner financed will be the only option at this point since they have money to put down, so the question is how do we do this? Have any one done it before ? Is it possible? and what do we need to do?.
Thank you and looking forward to hear from some one.

Hey DGers, got a question. For the people that have used Coastal Funding, You have to pay them $2,500 if the transaction is under $125,000? I'm asking because I have a property that I can buy for $7,500 and want to double close on it, but don't want to pay $2,500 to Coastal Funding. Is this information correct and if so is there a way around it? Thanks

I recently posted a private message for a hard money lender that I have used many times. If you are asking yourself who it is I will say they are a Utah only lender.

Anyway, I was asked after giving the referral if their terms are normal.

They posted a 12% interest, 4 month term and a couple of points.

These types of costs are normal for hard money lenders. Keep in mind that hard money lenders are definitely short term lenders only. You would never want to hold on to the loans for too long.

Hey DG family. Is anyone finding that transactional funding is getting better, worse, staying the same.
Any issues for anyone in any areas?
Trying to get a feel for what is truly going on for people versus the reports I'm hearing from industry sources.

Hey DG family,

Does anyone here have experience with seller financing? If so, what are the key aspects I should know about it?

Does a seller financed loan report to my personal credit?

Who handles the payments? A title company?

Thanks in advance!