I have heard good and bad about William Tingle. There is also a man with the first name of John that is a moderator of this area that I have heard great things about. I think Larry put up some great questions for you to ask your self. A big one I would ask is "can I read?". I know that sounds a bit stupid because I know you can. With the money you are preparing to lay out on the table you could have a mini library of books on real estate or many of the courses sold on this site. I have been listening to a course for the past week by a person named Robert K. who gives seminars all over the world on the topic of money. I picked up the material and his game for about five hundred bucks. It is great stuff but I honestly would feel a bit ripped off if I spent 3k to sit in a room for three days to listen to the same thing. My two cents worth would be read over as many posts as possible in this area before you shell out the cash. I think swimming in the shallow end for just a week or two before you head for the deap water would be a good idea. I hope things work out for you.
If I take over property sub2, is there a way to use the fact that I am the owner and I am making payments to get a new lender to see me in a positive light in 6 mos or so and get them to give me better rate, lower closing costs, easier qualifying, etc? ... anything more favorable than what they would give me now as a new buyer without a payment history or ownership?
Jeff do you think 4000 dollars is a good investment on a 1 on 1 3 day boot camp with will tingle or can I take other route.
raybz5
Larry thank you for info,very helpful.Also who can deliver in there courses.Also if william offers these things listed is it a good investment.
THANK YOU
RAYBZ5
raybz5,
I have heard good and bad about William Tingle. There is also a man with the first name of John that is a moderator of this area that I have heard great things about. I think Larry put up some great questions for you to ask your self. A big one I would ask is "can I read?". I know that sounds a bit stupid because I know you can. With the money you are preparing to lay out on the table you could have a mini library of books on real estate or many of the courses sold on this site. I have been listening to a course for the past week by a person named Robert K. who gives seminars all over the world on the topic of money. I picked up the material and his game for about five hundred bucks. It is great stuff but I honestly would feel a bit ripped off if I spent 3k to sit in a room for three days to listen to the same thing. My two cents worth would be read over as many posts as possible in this area before you shell out the cash. I think swimming in the shallow end for just a week or two before you head for the deap water would be a good idea. I hope things work out for you.
You can get your own financing or catch up the mortgage and then have them do a refi.
Also, what is the relationship between back payments and payoff?
If I paythe 10k in back payments, does the payoff go down by 10k?
I guess all above question boil down to this:
If I take over property sub2, is there a way to use the fact that I am the owner and I am making payments to get a new lender to see me in a positive light in 6 mos or so and get them to give me better rate, lower closing costs, easier qualifying, etc? ... anything more favorable than what they would give me now as a new buyer without a payment history or ownership?
My first Subto I bought I refinanced 1 month later and got cash out. Its all about finding a broker that wants to take it an extra mile.
Any reason to believe I might get better rate or terms for having established ownership/payment?
Ask your broker.