I have a set of 4 single family investment properties and am looking to refinance them on a commercial note? They really are not seasoned and I was wondering if anyone knew of a lender that would refi them and give me some cash out at about 80-85 loan to value? They are all rented and produce a good cash flow monthly and all were recently remodeled. They are all located in Columbus, Ohio.

www.peoplesbancorp.com. Call Rick Lentz @ peoples bank. I have worked with them on several projects and they have a down to earth quality I like. They do commercial and residential and are looking for new clients.Oak Hill Banks is another good lender that is easy to work with.They have several branches also. We work with the one out of Chillicothe and the contact is Jeff Doles.

I currently own my home outright, it’s valued at 250K, I currently earn 3K per month, and although my property value is increasing at 5% per year, I would like to know the best way or opportunity to derive some form of immediate income? Should I finance and rent another property? My neighbor is selling their home and I am considering purchasing this for rental income or what ideas does anyone have for me?

A precise answer to this question of yours is hard to give
Long before you take it seriously
Perhaps you’ll even forget what you asked
Easy way to find it out right away is:
RE-THINKING of the issue…

Have a nice day!

What kind of Loan To Value are you looking for? Do you have any equity in a different property. If you are looking for residential revenue properties you can get 100% financing. It becomes more difficult to find financing for commercial or agricultural property if you don’t have a down payment. I can find 100% financing on virtually anything but you would need equity in another property. You can contact me @ www.albertamortgageguy.com and I can recommend a mortgage broker in ontario

The first-ever Kenyan Property Exhibition in London is finally here. This will be a great opportunity for Kenya’s real estate sector to showcase its wide variety of investment opportunities to the Kenyan Diaspora. It will also provide investors in the UK with a one-stop shop for all their Kenyan property investment needs.

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Check out Part 2, youtube.com/VictoryIndependence

For key economic data, check out

VisionVictoryManifesto.com

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investment property

inns for sale

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After spending the past five years working in the corporate world, I can see why this kind of career is often referred to as a "rat race". I did the same boring tasks day after day, hoping to get noticed by the higher-ups so I could be on the receiving end of a raise or promotion — along with 30 colleagues with equal aspirations. I don’t have the type of cutthroat personality to succeed in that environment, so I’ve been looking for a change. The other day I happened to come across a website advertising inns for sale, and I think I’ve hit upon my next endeavor.

Admittedly, I never dreamed of one day becoming an innkeeper, but to be honest, the more I think about it, the more I’m convinced that it would be the perfect lifestyle for me. I would be able to be my own boss, meet new people every day, and live a quiet, relaxing life wherever I choose to set up shop. Plus, since I’d be buying one of the advertised inns for sale instead of building one from scratch, I’d be getting into an established business and wouldn’t have to face as many start-up problems.

I wonder how much work is involved in buying an inn and taking over the day-to-day operations from the current owner. I know nothing about such transactions, so I’ll most certainly have to retain a lawyer to handle the paperwork. From the prices of the inns for sale I saw advertised online, I’ll also have to take out a loan or mortgage to get started. Then, depending on the condition of the property, I might have to do some renovations or upgrades before settling in. I’m not expecting the acquisition process to be a piece of cake, but once I get settled in, I’m sure I’ll be able to achieve that peaceful, comfortable life I’m after.

In looking at the different types of inns for sale, I see that I have a number of options. For instance, I can go for a quaint bed & breakfast in a rustic New England town where the clientele would consist mainly of tourists. A second option would be to run a roadside motel off a busy interstate and cater to truckers and other road warriors. Another alternative would be to buy into a national chain like Super 8 or Days Inn, and deal mostly with families and vacationers.

Obviously, this is going to take a lot of time and is not something I can just jump into, but I really do feel that running an inn is something I would excel at. For now, I have to read more about what such a move entails, save up my money, and keep perusing the listings of inns for sale in case an amazing opportunity pops up. I am very excited at the prospect of owning my own business, and am willing to do whatever it takes to make this happen!

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I had lost my job and found another job in another state. We found renters for our house but have had to use their rent for the last couple months to live off of because we depleted our savings trying to stay up on the mortgage. Their rent is about $100 short of the payment, when you factor in property taxes about $450 short. We have eliminated expenses and lowered our monthly bills over the last several months. The thought is refinancing our now investment property to try and get a positive cash flow. The alternative will more than likely be us ending up foreclosing on it or a short sell, because of our current financial situation. We are currently 3 months behind.

Or does it make more sense to cut our losses and take the hit on our credit? We are currently renting and would like at some point get into another mortgage so we don’t feel like we are throwing away our money to someone else. But we can stay renters in our current house for as long as we may need to.

I don’t know where to begin to help you.
But keep in mind that Bobama might extend that 8K tax credit.
It might be 15K for everyone, not just first time home buyers.
This may pass as soon as January.
Hopefully you’ll be able to sell your old house.

Myself: I would never take money out of a 401K.
If you do, set aside 40% for tax time in April – you’ll have to write a big fat check to the IRS for that 10% penalty and whatever your tax bracket is.
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I am looking for information on foreclosures, pre-foreclosed property and or tax liens in NJ?

I want to purchase some investment property but I need some advice.

Is there any tips/ helpful suggestions, stories – websites- that could help me? I’m not interested in those QVC “programs” that are suppose to help people get started. Most of that information applies for areas outside of NJ- mostly in Canada.

If there are some professions I should contact to start this journey/partnership? Please send me their contact information. (You could also email me directly if you want to keep things private.)

Please -I’m only looking for legitimate answers. (No get rich ideas or scams.)

Thanks!!!

Don’t know anyone in Jersey, but you might want to go and talk to your banker and ask that question they probably deal with those types of investors and or consultants all the time. In the meantime you might want to go look at these links
Homes and properties being sold by the different departments in US Government:

http://www.hud.gov/homes/homesforsale.cfm

HUD Initiations of foreclosures, an explanation

http://www.hudclips.org/sub_nonhud/cgi/nph-brs.cgi?d=HBKS&s1=Foreclosure+procedures&op1=AND&l=100&SECT1=TXT_HITS&SECT5=HBKS&u=./hudclips.cgi&p=1&r=83&f=G

Acquiring a VA guaranteed home foreclosed by states: http://www.ocwen.com/reo/residential/res_reofindbystate.cfm?proptype=VA
IRS: Real & Personal Property Sales: http://www.ustreas.gov/auctions/irs/
To do a thorough research on these issues you might want to visit: http://www.realestateformnm.com/ResearchLink.html
Best of luck on your venture

It usually does not pencil out. You need to make sure that the rent will cover not only the mortgage, but the normal expenses of home ownership. You also need to be sure that you can handle it if the property is vacent 2-3 months out of the year.

I personally put 25-50% down depending on how many units are involved.

WIth Sub-Prime mortgage defaults and foreclosures essentially dealt with, what comes next? This video illustrates the tidal wave of defaults ahead due to “Alt-A” and “Option Arms”…. mortgages of creativity, not responsibility. So where does this leave you, the savvy investor? Staring at opportunity! Trust www.MadisonOnClearance.com to deliver you the most complete & FREE information about Short Sale, Foreclosure and Bank Owned Properties in the Greater Madison, WI Area

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