Financing and Credit

So far I've been refinancing one property at a time to cash-out and buy more. Is there a faster way you know of, possibly multiple properties at a time, or is that a question for the loan officer? Because of so many inquiries on my credit report this year, I'm worried that it will eventually have a negative effect. Of course every purchase increases our net worth and positive cash flow, so I would think that's a plus. At least I've been taking out the max on each property to reduce the number of closings, therefore closing costs. Any advice?

Rina

1031: Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment. A tax-deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of "like-kind" while deferring the payment of federal income taxes and some state taxes on the transaction.

I normally prefer 15 year mortgages, especially for re-finances.

But the current spread is only 25 basis points so not worth it at all. I am going 30 years for the time being.

(Sending in an extra/additional payment is always an option (but NOT a requirement) if you want the larger mortgage pay down.)

Hello all!

My partner and I are seeking an Funding Investor to assist funding two residential properties in Minnesota with us. The total purchase price for both properties are $80,000.00 with 20% down payment. First property was brought and sold back in 2005 for $180,000.00, 2nd property was brought and sold on March 2006 for $176,000.00. Both are properties are REO now.

Again, we'll be doing all the rehab and get it refinance asap after the rehab and pay our investor back with his/her initial investment, plus a certain percentage agree by all parties.

Executive Summary:

The company is a start-up business venture developed by two individuals for the sole purpose of investing in residential real estate. This business plan lays out a simple strategy for developing a long-term real estate investment company by leveraging an initial investment.

I'm looking for a finders fee agreement that I can use to help a client find a take out loan on a commercial piece of property. I'm approaching both the financial institution as well as the borrower. I want to make sure that I get the agreement up front so when I put the two together that I can count on my fee at the close of the loan.

Hi,
THis will be my first investment property. I will be renting out for a small cashflow after purchase.

I just spoke to a lender that my agent said was good. I asked him if he would be interested in working with an invester. I told him I am looking to use my HELOC to purchase a property in full. Then I wanted to then take out a 30 yr fixed and pay off the HELOC. I said I wanted 100% on the 30 year. Then after paying back the HELOC we will be repeating the process over and over again.

I'm new to this. I have confidence I can get this done.
so any suggestions and help is always welcome.

I have seen house empty and for sale by owners in my neighborhood. And the same houses then listed for rent; because they did not sell.

what would be the best way to handle something like this.

also, what is the best way to finance deals.
I have seen private lenders advertise.
They appear to be more willing; and possibly faster to work with than banks.
are they?

maybe best thing to do for now is to find an investor and
assign it to them for a fee.

PLEASE HIT ME UP IF ANYONE CAN HELP ME OUT WITH STARTING THE PROCESS OF FINDING INVESTORS IN MY AREA!!

MIKE