Dean's Finance Center

I am a really new investor. I am looking at REO properties in the Louisville, Colorado area. I have poor credit and am currently unemployed. I would like to do a short sale or an reo and have been considering a hard money lender. Hopefully I can flip the home or homes. Any advice on lenders?

Made an offer to purch my friends condo unit to avoid foreclosure. Occuppied by her husband and will later consider lease/rent to own/puch contract with an expected profit, + cashflow, of $400-500 per month. I just need the 20% d/p + closing costs which is around <$21k.

dean after reading your book now i am able to move on good stuff and thank you very much and i will see you on the other side ok

I spoke with all three of the brokers/lenders that Dean has recommended and all were helpful, interested and gave good direction; I mostly had questions but am WAY more informed about such things as seasoning,2ndary market lenders and am back to seeking local bank financing.
grady out looking 'crosstown for another good deal

I need investors who would be willing to help me with holding to rent or flipping.My credit isn't very good. i am currently not working. This is what i want to do on a permanent basis. I WILL FIND the Good Deals. I am currently living in North Port, florida ( 30 miles so.of Sarasota & 30 miles no. of Fort Myers ).You can e-mail me at genob57@**** also. Thank You, Gene Bussard.

I have a contract to purchase a home in FL -
Its a graet Deal - Selling price to me is
$ 120,000.00

Proprty Value $ 180,000.00

I would love to purchase for myself - tried different banks but was denied because of credit history- one bank didnt care of score but looked at history - Im in a law suit right now - Slip & Fall waiting for my lawyers to settle (hopefully soon) I would like to clean up credit. My income alone is 32,000.00

I have till the end of this month - to come up with financing dont want to lost this house - it just right for my daughter, grandaughter & I -

Anyone got a mortgage bank or advise, everything is welcome

I HAVE A HOME ON 3 ACRES ABOUT HALF PAID FOR BUT I HAVE AN EQUITY LOAN I OWE AS MUCH ON AS MY BAL ON THE HOME.. MY CREDIT IS BAD DUE TO EXTENSIVE BACK SURGERY I AM NOT ON DISABILITY NOR DO I ENTEND TO GET DISABILITY I HAVE SINCE WENT BACK TO WORK AND I NEED TO KNOW IF I SHOULD PUT THESE LOANS TOGETHER IT WOULD BASICALLY PUT ME BACK TO THE ORIGINAL LOAN AMOUNT ON MY HOME ORIGINAL MORTGAGE... PLEASE ADVISE ME AS WHAT I SHOULD DO, REFI OR LEAVE IT ALONE.. MY CREDIT IT BAD..
THANKS.. FOR YOUR ADVISE .PLEASE HELP !!!!

... PATBERRY

Pat,

Give me a call when you have a chance. 800-489-

7003 x 17

Thanks,

Mike Rohan

DG.com

Where do I go to find a 1003 form/doc so I can see and print it out?

I need to get this so I can get my financing done.

Help

Nancy

[PDF] Uniform Residential Loan Application (Form 1003): PDF (Google 1003)

I have great job, and recent chapter 7BK. We are upside down in our home and are looking for someone to buy the note from the bank, reduce the principle and carry us for 2 years until we can refinance and buy the investor out.

Cash upon closing for the investor plus positive cash flow for 2 years.

Daniel

Can someone guide me in the right direction
of putting me in contact with investors, I
would like to assign deals too. Also can you
refer me to a good broker in Delaware.
Also has anyone heard of Bill Hillman of direct mortgage he is direct lender has ability to close in 7 days & can offer buyers loans without credit scores. Does direct lender mean higher interest rates?
I am just getting started.

Thank You

Billy Sohan is not only an awesome mortgage broker but a close friend. He’s located in Baltimore MD and is approved to write loans in Delaware. He runs a branch of Academy Mortgage Corporation, give him a yell he may also have an avenue to locate investors interested in the right deal!! Office Phone 410-766-8850 Ext. 203 Mobile Phone 410-963-2308 www.bill.sohan@academymortgage.com
Best,
Mike Rohan
DG.com

I'm a nurse who quit working to care for my mother. My husband owns his own business and works from home. Can anyone recommend a mortgage broker who will work with us or can anyone give me some advice. It seems like I'm going to have to go back to work in order for financing to work. We just completed a cash deal on a rental and want to take equity out of the house after renovations are done to purchase another.

Any info. is greatly apprecitated!!

Thanks,
Donna

Hi Donna,

Mark Merrill with Flagship Financial is qualified to write loans in OH. He can be reached at 480-612-3216. Give me a call with any other questions.

Best,

Mike
DG.com
914-213-1129

as a good mortgage broker in the Bryan-College Station area or the Houston,Tx. area???? Thanks, Pete

Hi Pete,

Amber Kovarik with Bench Mark Mortgage is qualified to write loans in TX. She can be reached at 602-502-2282. Give me a call with any other questions.

Best,

Mike
DG.com
914-213-1129

can anyone reccomend a good mortgage broker in los angeles ca

Mike Rohan I just read Deans books and i am woundering what i should do first i rent a small place for 400. dollars a month I have a good job but kinda bad Credit that i have worked hard to fix. My question is do i buy something for me to live in or stay renting till i get some deals done to make me some extra money before i buy so i have a down payment.

Thanks Kevin

Kevin,

Give me a call when you have a chance. 800-489-

7003 x 17

Thanks,

Mike Rohan

DG.com

Hey Mike.

I'm just getting started by building my team. Can you recommend a good mortgage broker in Houston, Tx?

Unfortunatly most banks have pulled back from Home equity loans. I have recently come accross an idea that may work better. Lease Option. Since the two agreements are seperate and the "Option" is limited tow on average 2 years, It may leave you free to get that loan. The bank should not have a problem with this arrangment.
Just a thought...

Greetings,

I am in the Atlanta, ga area. My credit partner has a 660 fico. We are looking to purchase property, rehab, and then hold w/ a tenant. The obstacle is that he is not currently working, but I am. My credit has challenges, so we could not have me go on the loan for a refi. We were thinking of using hard money. Seeing that there are no longer any stated no doc loans, what would you suggest? We also would like to know if we can not go the traditinal way, how can we utilize his credit to get capital?

Thanks

Boston

Heeeeeeeeeeelp!!!!!
My husband and I decided to start investing in real estate a few months ago.
We signed up for Dean's academy and began following his plans to improve our
future. The problem is, we are self employed and do not own a home. We are
looking to invest in Washtenaw Co. Michigan. Unfortunately, we have been un-
able to find a Mortgage Broker that would pre-approve us for a loan. I picked
8 out of the yellow pages to call, 6 of them were no longer in business, 1
had a recording that continuously looped, so I could not even leave a message
and the 8th one, laughed and told me they (mortgage brokers in S.E. Michigan)
no longer supply letters of pre-approval. Can this be true? Any help in this
matter would be greatly appreciated. Thanks for your time. RMP

RMP,

Give me a call when you have a chance. 800-489-

7003 x 17

Thanks,

Mike Rohan

DG.com

If a property is abandoned and the owners are no where to be found and the house is paid for and the taxes are a little behind, how do you go about buying it. Do you just go to the court house and pay the back taxes and the house is yours? I want to learn what to do. Any advice would be helpful and appreciated. Annette from Miami

I would like to know how much is for the academy and will it teach me about REO's, short sales, etc. My husband and I have steady jobs, but bad credit due to a predatory loan 2/228 ARM from an attorney. I am trying to get this loan modified because it went way over our heads. Anyhow, I have been wanting to be investor for years. I have studied Carlton Sheets, Russ Whitney and everyone else who are not on TV anymore! I feel very confident with Dean. I have contacted the credit repair company Dean recommended but no one has responsed to me yet. I am sure they are overwhelmed. Anyhow, I want to learn these techniques and strategies and I want to know if they are applicable here in South Florida. I want to enjoy Miami like the tourists do!!! Good Luck everyone. Would like to know who is working this in Miami. Thanks Annette

I completely agree. Our stories are very similiar. Stay encouraged and so will I.

Annette
Miami

just wanted to ask you have you loged in!I think you have to do that first!

hope this helped you!

JayBob

good luck

Hi Annette,

First go to the county court house and have the tax records pulled for the property you’re interested in. Look to see if there is an existing mortgage/s on the property and if there are any liens as they will be in first position before you if you decide to pay the back taxes. Second, check to see if the taxes are in fact delinquent, if the property is mortgage and lien free but taxes are in arrears you can buy the taxes down and be issued a tax certificate which will prevent the property from being mortgaged or sold until your certificate is redeemed. Worst case scenario you make your money back plus interest once redeemed. Best case, you hold the certificate long enough to have the deed transferred into your name!! Every states time requirement is different, they range anywhere from twelve months to five years , ask your county clerk.

Mike

DG.com