The TurnKey Investor’s “Subject To” Mortgage Handbook: The Art & Science of Buying Investment Property by Taking Over Mortgages!
Product Description “Imagine buying an investment property with no mortgage! The most common obstacle for any investor who wants to buy an investment property is to get financing. The bankers say that if you want to buy a property for investment, the only way to finance is to have a big down payment and qualify for a mortgage. But this is the only way to acquire property, the hard way! Another way to buy buildings in investment is to have sellers call you and you have … More>>
The TurnKey Investor’s “Subject To” Mortgage Handbook: The Art & Science of Buying Investment Property by Taking Over Mortgages!
Categories: Mortgage Tags: amp, art science, Buying, buying investment property, Finance, Handbook, Investment, investor, Investor's, Mortgage, Mortgages, obstacle, Over, product description, Property, Science, Subject, Taking, TurnKey
What do you think of peer-to-peer lending (Prosper.com, LendingTree.com, Zopa.com, etc.)?
Personally, I think that peer-to-peer lending is an excellent idea. It increases the return for investors and reduces the rate for lenders (vs banks). It is also perfect for small loans and short-term loans, which banks don’t even offer. My biggest concern is that everything has a time and place, and this is DEFINITELY not the time (for potential lenders), although hopefully the US will become the place.
Internationally, Peer-to-Peer defaults are <5%. I wouldn’t be surprised if they were in the 20%-50% default rate here and now. We already know that the average US consumer spends more than they earn (incredible!). So what happens if they are able to get money on the internet and faced with a choice like this:
a) pay mortgage
b) pay car loan
c) pay for food
d) pay for gas
e) pay anonymous lender on the internet
So while 8%-20% rate of returns are tempting, I would wait until the attitudes (and debt) adjusts before getting into this in the US. What are other opinions on the subject?
Categories: Mortgage Tags: Banks, Investor's, Lenders, peer to peer, peer to peer lending, short term loans, time and place
How to mortgage a home with no credit history?
How to mortgage a home with no credit history?
How can one mortgage a home without any credit history? We don’t own any credit cards and credit is harder now to obtain than before. What kind of a down payment would we need?
Thanks!
Answer by Beverly S
FHA has a no score program, but no investors are buying them so it is very hard to do. With the no score program we use things such as light bills, water, rent etc as credit. However, since most mortgage companies end up selling your loan to an investor & most investors are not buying these loans now they are rarely getting done these days.
Categories: Mortgage Tags: cards credit, credit-cards, credit-history, investor, Investor's, light bills, loans, mortgage-companies, score program, sfha
Raising Funds Contracts
I have a business (sole propreitor) and would like to raise funds from family/friends for expansion.
Categories: Mortgage Tags: back-the-full, business, business-doesn, equity stake, family friends, forming a business, funds contracts, Investor's, Personal, personal-assets, raise-funds, retain-full, sole propreitor, the-business, the-different, types of contracts
IP for a piece of software developed in my spare time
Hello all, I work full-time for a security software company. But at nights and on weekends I've been working on this new piece of software
Categories: Mortgage Tags: all-activities, clearly-states, employer, full software, full-time, given-the-fact, Hello, Investor's, matter of fact, Products, reluctance, security company, security software company, similar-field, single line, spare time, the-investors, work-full-time
Private Mortgage Investing: How to Earn 12% or More on Your Savings, Investments, IRA Accounts and Personal Equity–A Complete Resource Guide with 100s ….Secrets From the Experts Who Do It Every Day
DescriptionIn produced in recent years by investing in equity markets has been proven unstable and not very rewarding. In fact, many people have seen their personal deposit accounts and retirement shrink. This new book provides an alternate to investors. Provides detailed information on how to put money to work in a relatively safe private mortgage with a high return of 12 to 15 percent (or more) in most cases. Private mortgages have grown into a multibillion dollar industry. Thi. . . More>>
Private Mortgage Investing: How to Earn 12% or More on Your Savings, Investments, IRA Accounts and Personal Equity–A Complete Resource Guide with 100s ….Secrets From the Experts Who Do It Every Day
Categories: Mortgage Tags: 100s, Accounts, Complete, complete resource guide, deposit accounts, Earn, EquityA, every, Experts, From, Guide, Investing, Investments, Investor's, ira accounts, More, Mortgage, multibillion dollar industry, Personal, Private, private mortgage, private mortgages, Resource, retirement, Savings, Secrets, With, Your