Loans for bad credit no fees no guarantor no brokers
There is no substitute for spending time actually walking the streets. Rent an airbnb for a week or, better yet, a month and learn your way around. You cannot develop the necessary knowledge base without spending actual time there. I have strong credit, I already have properties I own and a good paystub. Does anyone have any recommendations for good commercial lenders? If you happen to even have the name of someone you recommend that would be great.
There is an entire commercial forum that you can post in that will be more helpful.
You might get some responses here but significantly more over pre approved loan there. Also, Bigger Pockets has some great state forums and usually there are good locals that monitor those. Even facebook might have some good local groups for you. If they require a higher downpayment that is an "overlay", or a restriction. And that means that they probably have more restrictions elsewhere too. If they require a higher downpayment that is an "overlay", or a restriction.
And that means that they probably have more restrictions elsewhere too. I am currently in the beginning stages direct line loans all payday loans of buying my first rental property. I am trying to decide if I use most of my savings to buy a SFH and then start the saving process over again to buy a duplex which could take a few years or do I wait a while and save up a larger sum to buy a duplex first? I am at the early stages of researching and learning so I am having a hard time understanding how investors acquire multiple properties a year. If you purchase a duplex and live on one side you potentially could get a very low down payment loan. Bigger Pockets has some great state forums and usually there are good locals that monitor loans for bad credit no fees no guarantor no brokers those. Even facebook might have some good local groups for you. I am just trying to reach loans for bad credit no fees no guarantor no brokers as many people as possible. Lenders MUST use the rental income to help me qualify. This is what I have been told by a lender I have worked with in the past. However small personal loans for bad credit majority of local banks and credit unions do use that income. As a lender myself, I want to use that income to see if the deal itself is good. I got an email from one of the lenders I reached out for Heloc.
Here is part of their email response: "Please be advised, due to an unprecedented application volume, it is now taking 120-150 days from application to loan closing.
We are only dealing with local banks at the moment but loans for bad credit no fees no guarantor no brokers I feel we may have better options if we venture out. We have 5 single family homes and 1 commercial property. Our company is possibly looking for other financing options for our future rentals and I came along corevestfinance. Has anyone ever dealt with this company or heard of them before? We are only dealing with local banks at the moment but I feel we may have better options if we venture out.
We have 5 single family homes and 1 commercial property. Doing the refi on the investment properties and the jumbo will net me significant monthly saving in terms of payments loans for bad credit no fees no guarantor no brokers over what I have already been consistently paying, so it should be a slam dunk for the lender. I can help you with both the jumbo loan and consolidating the non owner into one loan.
We set up a website for you to see the progress and upload the documents. We email you every day Monday-Friday to hustle the closing along. Perhaps a mortgage broker with access to a wide variety of loan products would be the one to see this through?
The appraisal just came back and the underwriters refuse to approve the loan unless the property is converted to a single family home before closing. Their reasoning is that since the property is located in a neighborhood zoned for single family homes, that if the home were to need to be rebuilt due to fire, flood, ect. The property is currently grandfathered in with legal but nonconforming use as 2 unit property. You could also go to the local zoning board and request a variance to make the lot officially a multi-family designation. Now, some zoning boards will shoot that down immediately, but some basically approve any request that comes across the table. Additional info: In some communities, "grandfathered non-conforming" properties lose their status as legal if they are out of use as a rental for more than one year. For instance, if one unit was not rented for three years, a community could say the non-conforming use is no longer valid and a variance must be obtained to continue renting that unit.
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Your goals and story: What are you trying to accomplish, how are you trying to accomplish it, and what hurdles (if any) have you faced. Current or prior ownership of real estate: Currently own other real estate (how many properties? Occupancy: investment with traditional long term leases, second or vacation home, owner occupied, family member (specify), short term furnished rental, rent-to-own, NNN, other (specify). Down payment or equity: specify down payment for purchase loans for bad credit no fees no guarantor no brokers mortgage, or how much equity you will have in the property afterwards if a refinance. Admin Note: This forum is NOT the place to look for funding. However, this format will help others determine what loans for bad credit no fees no guarantor no brokers type of funding would be appropriate for your deal. Do not ask for funding in this forum, please post funding requests in the Marketplace Forum only. I had limited success for a three day trial period using Connected Investors PiN tool. I needed guidance during the trial period and received no response to two emails. It seems to create an efficiency - once you learn to navigate its possibilities - for research etcetera.
They said they do have trainings every Tuesday and also online tutorials.. I am very wary of the data being current or even valid.
They have had a lot of bad reviews in the past on the BBB site.
Can anyone attest to CIX PiN being a reliable source of current, valid information??? Kent Clothier had a similar system but the problem was actually getting the contact of the seller. Most of the numbers provided were either outdated or payday loans for bad credit direct lenders only went to someone who did not own the property. Hey all - this is probably a bad first impression because what I am posting is mostly negative. I am actually a very positive person and very excited about real estate investing. I was SO wary, that instead of giving me a 3 day trial, they gave me a 7 day trial and the added another 3 months to my option for no payments. Needless to say, I just cancelled my PiN membership. MOST of the data on properties in there is inaccurate. There was even a property listed as vacant with a street view picture, but the property had actually been torn down.
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I understand that it is pulling a lot of data, but most of the data is garbage, so you guys need to work on a way to pull in good current data.
Nobody believes that you are using drone technology to scope out deals, and if you were using the same sources for your information that I was using prior to taking the leap to your platform, your data would be accurate. Not sure if that would have anything to do with the data being bad or not.
One of the tools that I have been using is Deal Machine. I would LOVE to hear about anyone who IS using technology in a creative way to generate leads. If you would like to connect with me, please feel free! As a new investor I was going in circles using PIN. It was the first software I ran into in this venture so I thought I was doing something wrong.
Then when I started using other sites I was finding so many more properties such as when searching pre foreclosures. Beyond the bad data, the site itself had me convinced I was extremely confused. Once I got out I started putting some good lists together and actually started marketing. I think my confidence was so low because every vacant- not vacant. A little improvement here and there and it will be great I am sure. I see plenty of monthly subs and I would rather go that route then lock myself in again. As a past software developer, website developer I found TIN oddly lacking in obvious data fields: beds, baths, age. The UI has an unusable value slider and too coarse grained size filter. They are moving toward the 2009-10 problem of banks with inventory and big buyers wanting those tapes via PIN. My small test of one GA county came back with just 28 records. But this is very difficult to get accurate and probably complete data type so not surprised.
The missing data types is not surprising since they are hard to get across the entire country with so many MLSs and FSBO listing sites. PIN also has a unique data type previous hardship which is a prior NOD but they fixed that. We know they will be back in trouble is the theory.