Financing and Credit

I am just getting started I have read deans book "Be a real Estate Millionare". Since then I have been through this site every day for two months. My prospecting realastate agent ask me if I had 500 thousand in cash when I submitted the 25-1 offer. I founf 25 properties that were atleast 90 days on the market(dom), were a forcloser and under 100k. I made offers from 30-50% lower then the asking on all the propoerties and emailed it. He then asked if I had enough money to cover them if they all got excepted. What do I do?

I am just getting started I have read deans book "Be a real Estate Millionare". Since then I have been through this site every day for two months. My prospecting realastate agent ask me if I had 500 thousand in cash when I submitted the 25-1 offer. I founf 25 properties that were atleast 90 days on the market(dom), were a forcloser and under 100k. I made offers from 30-50% lower then the asking on all the propoerties and emailed it. He then asked if I had enough money to cover them if they all got excepted. What do I do?

I went to make my written offer today on a home w/ a long term renter (14 years), My partner (I met here on DG) is putting up the downpayment, or was, until we were told we need 25% and not the typical 5% I thought. I really dont want this deal to fall through and I need suggestions on how to get the rest funded. The current owner is not willing to finance any of this so that is not an option. I am sure someone here has a great way to make this work.... need suggestions.

Thanks everyone.

Kevin

Ps... How is it everyone else is doing 5% and everything is working for them?

Help please.

"Industrial & Commercial Bank of China, China’s largest bank, is rolling out a “large-loan” program targeting commercial real-estate owners..."*

Many people imagine that money lent in the US is money from the US only. This is not the case many times you will find banks and other conduit companies from all over the world that will lend in the US.

Quite a few of these companies will lend on commercial properties exclusively other will have branches that will lend on single residences.

I bring this up so that you may know a little more about the lending business.

I am wanting to purchase a home in Indiana, but currently don't qualify for a traditional mortgage to do so. I will be able to pay the loan off in 6 months. Meanwhile, if someone is able to fund this transaction, I am willing to pay an appealing interest rate.

1. Your Existing Marketing ["We Buy Houses For Cash"]
2. REI Investment Clubs
3. Chamber of Commerce
4. Charitable Organizations (get on the Board)
5. Friends and Family
6. Investor Referrals
7. Business Owners
8. SCORE
9. Real Estate Agents
10. Attorneys
11. Toastmasters
12. Holiday Family Letters
13. Meetup.com
14. Conduct a seminar on how to be a private money lender.
15. www.virginmoney.com
16. Purchase a list
17. Social Media
18. BNI, Rotary, Elks
19. "We Buy Houses" People
20. CPA
21. Every seller of the properties you buy "What are you going to do with the money?"
22. Registry of Deeds
23. Press Release - prweb.com
24. Speak at a club or organizational meeting
25. Talk show radio
26. 1031 exchange companies
27. www.gobignetwork.com

My credit isn't that great, nor do I have alot to put down on a home. I came across a great deal that I would like to keep for myself, but need some help with funding. I am willing to pay a higher interest rate, with the hopes of being able to purchase the home myself in about 6 months. The home is located in Indiana. Any suggestions??

Hello:
I am looking for a stabilized income producing property class A or B with little to no major repairs in San Diego or Los Angeles of 7 or more units with at least an 85% occupancy rate and some built in equity.

I would ideally like to arrange 15-30% seller financing if available. This depends on what the banks will finance me for. I am trying to obtain between 80-90% LTV. Please contact me directly if interested at daguiacapital@****

Thank you:
Daphne

Here is an article on interest rates lows. For people that can qualify it is a great time to buy or refinance.

Mortgage rates hit new low

Mortgage rates hit a record low this week, but few people will be taking advantage.

Freddie Mac said Thursday the going rate on a 30-year fixed rate mortgage fell to 4.69%, its lowest level since the company started keeping track 38 years ago.

The news comes as investors have been shunning stocks in favor of bonds, especially those backed by the federal government. Money has flowed out of stock funds and into bond funds for seven straight weeks, while surging demand for U.S. Treasury debt has taken the yield on the 10-year Treasury note down near 3% -- a level last seen in the meltdown of 2008.

Do anyone know if there is any hard money lenders still doing business