Financing and Credit

Hello To All:
I am a huge fan of the concept of multi income streams. Joe Jurek does the Ebay business in addition to his real estate business and we can all take a lesson from him and his wife.

I make my primary income from the trucking industry and am now working hard to replace that with real estate.

If you have read some of my recent threads and posts/replies, I discuss transactional funding from time to time.

I now have become affiliated with a transactional funder opportunity. I can assist any investor with transactional funding.

If interested, drop me a note here and I will get back to you within twenty four hours.

Jimmy B

Thanks for all who can help me.

I am trying to find out what the REAL restrictions are for seller downpayment from equity.

Does anyone know of lenders that will refi an "investment property "I have to pull money out for my next deal? SF Residential, been rented to same family for 5 years.Lots of Equity in it. I am in Pennsylvania and not finding a lender here so far.
Thanks

If you are working in the foreclosure niche of real estate, you know that right now truly is a great time to buy.

In order to really capitalize on this market and to be able to seize the profit opportunities that are afforded the real estate professional, you are going to need a good source of funds. Every real estate agent or investor needs to have a competent hard money lender on speed-dial. We have found that the ability to close quickly on a distressed property can sometimes be the difference between a great payday and no payday at all.

Hello...

I found an excellent home in a good neighborhood in my hometown that I can own for my own family. The problem is they want a very quick closing, by next week, and I need to come up with $10,000. And this is my first deal too!

My mortgage broker has me approved for conventional financing, but with this being so quick, he can also get the deal closed using a hard money lender he associates with. That's where the required $10k comes in. I have this money in my retirement funds, but it takes about a month to get those funds in your hand. And I can just kick myself for not remembering how long this can take. I would hate to lose this deal just because I forgot something.

Has anybody heard of any new seasoning requirements for conventional loans? I was all set up with my mortgage broker who was going to be able to get me into conventional loans right after I purchase with cash. She just found out now there’s a 6 month seasoning on cash purchases. She was going to investigate it further to see if it’s a Fannie mae requirement or what. She suggested I try portfolio loans (credit unions) to see if I can re-fi with them.
I close tomorrow on my first property I bought at auction with my HELOC. Anybody have any suggestions?

Legitimate Lenders List
2010 LEGITIMATE LENDER LIST

Academy Mortgage, www.academymortgage.com
[email protected], 800-660-8664 or 801-233-3700
Conventional commercial and residential lender in over 20 states

Affinity Credit Union, www.affinitycu.ca
Kevin Pylypow, [email protected], 306-657-6652
Canada commercial and residential lender

Allied Funding, www.alliedfundingcorp/com
[email protected], Irv Shnidman, 888-801-6680
Commercial bridge lender

Alpha Lending, www.alphalendingllc.com
Steve Vaught, [email protected], 208-854-1122
Idaho Hard Money Lender

AL Financial Lending, www.alfinanciallending.com
Hurol Samuel, apply at company website
Nationwide bridge lender

Alterna Capital Funding,

I just bought a property two months ago with cash and rented it for $1200.00/month.I am looking to buy another property in the neighborhood but i don't have the money at the moment. I am looking to refinance the new property but i'm having a hard time with it. What should i do? Is there any mortgage company or hard money lenders you know in the area who can loan me some money to go for my second property? I need your help!
Thanks

Baria

I am a private investor and a private loan lender.Get financial support from me.I offer loans at a low interest rate to individuals and business organization. I offer personal loans,business loans,debt consolidation loans,commercial loans,real estate loans,hard money loans and so much more. For more details contact me via e-mail: rickywalsh80@****