OfflineOpportunity is out there among us. We all know this. I would like to have this post established to assist people on who to contact for pulling out equity on properties that close that have instant equity due to the agreed upon purchase price vs. the appraisal price.
What banks are doing this in today's market and what are their criteria? I have not looked into this path but I know someone on the site knows this answer.
I'd like to suggest this option to a few of my buyers when I present them future deals. If they say, "I'd like to buy your deal but I spent all or most of my funds being the deal you just sent me last week.." If they say this, I'd like to respond to them by saying, "there are a couple of banks I know that actually allow home owners to tap into their equity with no seasoning and the banks that are will to do it are ___________________."
People that have actually used a bank for this purpose please provide input since it will help many investors on the site. Thanks and I look forward to the dialogue.
Gary Rabatin
Certified Cash Flow Consultant
Founder & President of Gold Bar Funding Group L.L.C.
Private Real Estate Investor
"Building Wealth by the Numbers"
If you check with your home town banks you will see that a lot of them don't require seasoning. I have actually found two here in Clarksville TN. I also found two In Bethany MO when I started,
Randy
www.adeptpropertiesllc.com
Hey I pm'd you. I used to live in Clarkville, TN. What are the names of those banks and the numbers and who did you call ( who did you ask to speak to about no seasoning?) Thanks. I look forward to your reply.
Gary Rabatin
Certified Cash Flow Consultant
Founder & President of Gold Bar Funding Group L.L.C.
Private Real Estate Investor
"Building Wealth by the Numbers"
Hello guys,
I'm a investor out of Texas searching for a bank that doesn't require seasoning. Randy I'll check with the banks in my local area first. Randy I read your journal a few days ago and I have some questions for you. I'm also a soldier stationed on Ft. Hood trying to think out of the box to aquire as many properties as possible.
"When Life Knocks You Down Try To Land On Your Back, Because If You Can Look Up, You Can Get Up"