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Most Popular: | 1. | Q. By whatever name you want to call them, we are looking for lenders that will do loans based on projected appraisal values after repairs or additions, and so on. We would like to find as many lenders as possible that will do purchases and refinance transactions. We are looking for programs other than 203k programs. If any that you are aware of do this type of loan on a subprime basis, please point those out separately. Thanks!
| | 2. | Q. this is my first time here - man what an awesome resource!!
I live in SW Florida and the Fort Myers to Naples area is experiencing tremendous growth which is causing the prices of vacant lots especially those with ocean access / waterfront to skyrocket.
Many people are purchasing these lots either for an investment or to build on at a future date - average prices are from about $75,000 to over $500,000. Do you know of a lender that will finance individual lot purchases and / or larger parcels.
| | 3. | Q. I just landed a real estate investing consulting firm to send me business. There bulk of the business is a designed plan from start to finish in building SFR in northern Florida.
They sell the lots for 30 k
Construction cost for SFR 95k.
Value in the area for the homes 145 k
They have asked me to provide financing options for lot loans and construction loans. As well as combined loans for both lots and construction. The typical investor they have buys anywhere from 1 to 20 homes from them.
I need a variety of lenders for both lot loans and construction loans. Also lenders that will do investors that will buy these properties in bulk.
Any help is much appreciated. thank you
| | 4. | Q. What company do you recommend for land loans?
| | 5. | Q. I have a client who wants to buy a home that wont appraise to get a loan.
They are not sure if the heat works and the water. The roof is old and there are cosmetic issues. It is a bank foreclosure and has been vacant for one year. His credit scores are upper 600's and he has 20,000 to put down. The house is 105,000.00 and they
will allow 6% seller assistance. The homes in the area are going for
250,000.00. He really wants this house. Do you know where I can find a
lender who will do this? (note: we do not do FHA loans).
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