Financing and Credit

I talked to one of my best HMLers today and a new trend is emerging here in CA. And, it isn't to the benefit of investors using hard money loans. I am not sure if this is happening with true private money loans. Banks are dropping offers, even cash offers, even ACCEPTED offers, when they find out that hard money is being used. My hard money lender lost *5* of them THIS WEEK alone, and about 20 of them this month. They don't care that they're getting the same amount whether its cash or hard money, they are shunning hard money investors!!

The banks are going towards only accepting real POF as bank statements (no transactional funders or hard money acceptance letters) and are turning away the hard money.

I found a bank owned property in the SF Bay area worth 200,000, it is going to auction in a few days and has a starting bid at 39,000. How do I find a buyer or financing asap? Is there anyone willing to walk me through this?

Hello, DG fam. I created a post similar to this one previously, but this includes an update. Also, a big thanks to all who've responded to the previous post.

I'm looking for private funding for a seriously "incredible" real estate deal. I have a property under contract being sold as part of an estate sale. I just received the appraisal report today, and the established ARV is currently $180,000. I believe I can remodel and sell this without an issue at $195,000 due to the massive lot the house sits on, but I'll be wise and stick to the appraiser's value for now.

Im stumped...lol and I am trying to wrap my brain around this. Flash funding companys will deposit the money at the title company ONLY if the end buyer is closing there also. How do you talk all partys into using one title company? What if your endbuyer lives out of state? What if you are wholesaling another wholesaler? How can or does this work? Any suggestions? Please help...

Hi, DG Family

Does any one knows about how can I get a Financial institution that does my Real Estate Investing Transactional Funding A=Seller + B=Buyer and + C=Buyer only in a Day? I have found one company but I do not know how the double closing works, your comments and help is appreciated. PM me if you will like the name of the company that I have found. but I just do not know if it is legal to do two closing in a day.

Thank you,
Wening
Success and Nothing Less!!

Does anyone have an example of a promissory note we can provide for our private lender. This is a family friend so they don't have an example.
Thanks!

Anyone know where I can find a bank that does No Seasoning Cash Out Refinances?

Hello DG Family,

I was just now reading some older threads re Syndication and I'm wondering how things are currently going for you? Whether you're an experienced Syndicator or a Newbie (or anywhere in between) I'm always on the lookout for Networking, Syndication, and Private Money Partners. My current interests are Mid-Large Commercial Residential, Mobile Home Parks and Self Storage Properties, most anywhere in the US. I am also open to looking at any Real Estate Deal that makes Sense/MONEY. If interested in exploring $UCCE$$ I'd like to hear from you. We can exchange EM_address and phone # if you wish. PM me for w/your contact info, experience, training and interests for starters.
Looking forward to your reply.

Regards,

John

In an unprecedented move on Tuesday, the Federal Reserve said definitively that historically-low rates are here to stay until at least mid-2013, essentially eliminating the possibility of a hike in interest rates for the next two years.

While stocks reacted favorably to the news — the Dow soared 429 points — determining the impact of extraordinarily low interest rates for the next two years from a personal finance perspective is a bit more ambiguous.

I have a line on a lot of good property in Indiana, but is being sold at fire-sale prices. The investor I was going to use to finance this deal fell through on me, and now I'm back to square one.
I have no credit, no investments, no savings, no money. I'm broke as a joke. This will be my first deal, and I need to make this happen. I have went over craigslist, and that was a waste of time; mostly ****n scammers respond to the ads.
Does there exist a free way to get investors to partner with?
Despite what I'm going to do with any properties, for the time, my only source is a private investor. Does anyone have any ideas?
Thanks for your time, oh and, PM me if maybe YOUR interested!!
Jason H