Comments on: The $64,000 Question http://theinvestorinsights.com/the-64000-question/ Real Estate Investing in the Real World Tue, 22 May 2012 00:03:20 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Dave Peniuk http://theinvestorinsights.com/the-64000-question/comment-page-1/#comment-3275 Dave Peniuk Mon, 23 Nov 2009 18:18:05 +0000 http://theinvestorinsights.com/?p=1497#comment-3275 Hey Susan, Sorry, I did fall asleep during the first paragraph but recovered for the rest! he he - We here in the great white north are mostly limited to the 4 property rule with our trust lenders and MIC's (mtg investment corps)and with CMHC (our government-regulated insured mortgage provider), however, a few of our larger chartered banks are doing more portfolio lending and will go as high as 15 properties. BUT, and it's a big juicy BUT, you have to qualify for them and it's very tough as they underwrite very conservatively. Still, it's nice to see some of our lenders slowly and carefully opening their doors. Keep up the great posts! Cheers Hey Susan,

Sorry, I did fall asleep during the first paragraph but recovered for the rest! he he – We here in the great white north are mostly limited to the 4 property rule with our trust lenders and MIC’s (mtg investment corps)and with CMHC (our government-regulated insured mortgage provider), however, a few of our larger chartered banks are doing more portfolio lending and will go as high as 15 properties. BUT, and it’s a big juicy BUT, you have to qualify for them and it’s very tough as they underwrite very conservatively. Still, it’s nice to see some of our lenders slowly and carefully opening their doors.

Keep up the great posts!

Cheers

]]> By: Susan Lassiter-Lyons http://theinvestorinsights.com/the-64000-question/comment-page-1/#comment-3260 Susan Lassiter-Lyons Fri, 20 Nov 2009 01:47:34 +0000 http://theinvestorinsights.com/?p=1497#comment-3260 Thais - not sure what you're asking. Were you trying to flip it or wholesale it or something? What specifically is the funding issue? Thais – not sure what you’re asking. Were you trying to flip it or wholesale it or something? What specifically is the funding issue?

]]> By: Thais Brouillette http://theinvestorinsights.com/the-64000-question/comment-page-1/#comment-3258 Thais Brouillette Thu, 19 Nov 2009 23:26:05 +0000 http://theinvestorinsights.com/?p=1497#comment-3258 Hi Susan, It is so difficult to be new at anything and get it all right the first time out. We tried and tried to get a contract-that was the "motherload"-that magic formula that made it all happen. So we got one-a small rehabber cape close to the NJ Shore. The asking price was $159K-we got for 90K. Oh my-we did it-we jumped outside the box and got a contract-exit strategy in place we set about trying to sell it. IT WONT MOVE and we are supposed to close Monday. Can you please help us figure out what to do? You know by now our issue is funding.... Hi Susan,
It is so difficult to be new at anything and get it all right the first time out. We tried and tried to get a contract-that was the “motherload”-that magic formula that made it all happen. So we got one-a small rehabber cape close to the NJ Shore. The asking price was $159K-we got for 90K. Oh my-we did it-we jumped outside the box and got a contract-exit strategy in place we set about trying to sell it. IT WONT MOVE and we are supposed to close Monday. Can you please help us figure out what to do? You know by now our issue is funding….

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