Please verify all info for yourself. We are just discussing these topics, and not saying they are fact. You MUST verify yourself! You can register for these online events in advance on our Meetup page.
Links/Note from meeting:
- Joe Bauer: https://www.facebook.com/groups/addictedtoroi
- Aaron Royce: Is it all of WA, or just Seattle?
- debra starr: seattle is 6 mos on top of federal
- Aaron Royce: Loan must not have been FHA?
- Dion McNeeley: If the seller agrees, you can ask for anything.
- debra starr: deposit refund should also be a hold back
- Joe Bauer: https://seattleinvestorsclub.com/multi-family-investing-simplified-with-dion-mcneeley/
- Kenny Courts: Julie Pace would be good for that land contract conversation as well.
- Dion McNeeley: Often its also a 30% down payment
- Kenny Courts: I bounce a lot of stuff off of Aaron as well!
- Dion McNeeley: I always talk with three lenders. Take their offers in writing to the other lenders and let them see what the competition is offering.
- Dion McNeeley: It is sometimes surprising what a lender will do to beat the competition
- Aaron Royce: Makes sense, I do that too and it get’s me good deals.
- Kenny Courts: Dion do all 3 lenders run you credit or is this one o the products that don’t run credit? I have good credit but found once I start shopping it starts dropping for a few months
- Dion McNeeley: The first one does. The others can. But you have a 30 day grace period where more inquiries do not effect your score
- Kenny Courts: ahh ok so do them all within 30 got it
- Aaron Royce: Troy – define PCR
- Troy Fisher: Property Condition Report.
- 01:12:21
- Dion McNeeley: I have a long list of reasons why I have no LLC for properties. (But I do not do commercial)
- Troy Fisher: Yup, I have them for commercial, it’s required.
- Federico Isaguirre: has anyone been called out by the mortgage company for transferring to llc
- Dion McNeeley: I haven’t heard of it. But it is possible. Especially if rates go back up
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