kc improved: Refinancing Cashflow Investment Properties...In Today's "No-Way" Mortgage Market
- 10/01/08 03:12 PM
I have an investor that I am working with that has 7 properties financed with short-term construction financing that is having much difficulty refinancing into permanent financing for cash-flow rentals. Every bank and/or conventional financing institution he has approached, has turned him down due to the current lending hiatus. I know there are high net worth individuals out there, surely in my geographic area, that are liquidating stock market holdings and or maneuvering their cash holdings in order to avoid major losses from the scare of failing banks and crashing stock market. Do any of these people have faith in the … (1 comments)
kc improved: Tidal Wave, possible Tsunami...either way, Some Great Surfing
- 09/24/08 09:58 AM
Current financial market conditions has rejuvinated an age old form of financing for current home sales. Seller Financing. There are many people today, trying to sell their home, hitting major road blocks with Buyer's that are good people, able to make the payments, but cannot, for one reason or another, qualify for a bank loan right now. Savvy Sellers should be offering seller financing and getting creative to get the deal done. Buying a house and having the Seller keep his existing loan in place until the economy turns around and the Buyer can better qualify to cash out the Seller … (2 comments)
kc improved: Is there still Money Out There?
- 09/22/08 03:25 PM
As we all are experiencing, at least if you are investing in Real Estate right now, getting conventional money to buy, rehab, and refinance investment property is getting almost impossible. I'd like to know if there are investor dollars sitting around that could, or would like to, be invested/loaned to help smaller investors/rehabbers to refinance out of so-called Hard Money loans. Now, I know you all want to get a high(er) rate of return than what the stock market mutual fund right now is getting and I'm sure anyone with savvy wouldn't mind paying a fair return. There are a lot … (6 comments)
kc improved: What to do with Asbestos Siding?
- 09/22/08 02:49 PM
Many houses built in the 40's and 50's were clad with a very hardy type Asbestos shingle. Today, we remodel a bunch of these old homes and occasionally need to do something with these old shingles because there is much damage and need to be matched or removed and re-sided with something different. If removal is the only option, the disposal of the Asbestos material is an issue. In my state, and I suspect in many others, there are certified landfills that are authorized to take Asbestos and certain other toxic wastes as long as they are "packaged" correctly and "handled" correctly. A … (15 comments)
3 Bedrooms 1 Bathroom Full Basement Fireplace Dining Room Vinyl Siding Detached Garage Recently remodeled, some vandalism Short Sale with Bank MAKE AN OFFER, we will Negotiate with the Bank ASK PRICE: $25,400.00 MLS# 1497695 Realty Resource of KC If you would like to make an offer on this house: email doug@kcimproved.com Call: Doug 913-856-5466 … (1 comments)
2 Bedrooms 1 Bathroom Full Basement Handicap Accessible Fireplace Dining Room Main Level Laundry Steel Siding Concrete Driveway Rear Porch has been converted to 3rd Bedroom Near Rockhurst College, Just off the Paseo Close to 71Hwy/Bruce Watkins Drive Needs complete remodel Owner Anxious: ALL OFFERS CONSIDERED ASK PRICE: $19,500.00 MLS# 1497331 Realty Resource of KC If you would like to make an offer on this house: email doug@kcimproved.com Call: Doug 913-856-5466 … (1 comments)
kc improved: Committed to Sell for less than what is owed
- 09/11/08 01:33 PM
I have a Seller who is absentee, has 2 vacant houses that he owes at least twice what I know we will be able to get out of them. They are both vacant investment properties and in need of repairs. I have inquired about what he is going to do about the remaining debt once we have an acceptable offer (which will be half the amount of the debt or less). The way I see it, they will need to find another way to fund this remaining debt themselves with cash or some other unsecured credit. Do I need to be … (4 comments)
kc improved: Everything that Glitters, is not GOLD!
- 09/07/08 02:04 PM
Occasionally, when ripping apart an old house, I find hidden treasures behind old base boards, under built-in casework, even inside old drains. Last week I found a solitaire diamond ring. IT WAS HUGE. At least a carat plus. That was exciting. Once, when remodeling an old house that was originally built in 1929 for a local Banker, I found several interesting items. First, there were several old coins, the most valuable one was a 1900 Liberty Quarter. I discovered that is was worth about $30. Then there was several old pictures, old love letters, and part of an old newspaper dated … (1 comments)
I have an investor that I am working with that has 7 properties financed with short-term construction financing that is having much difficulty refinancing into permanent financing for cash-flow rentals. Every bank and/or conventional financing institution he has approached, has turned him down due to the current lending hiatus.;)
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