Financing in Austin : Advice

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Angela Sarge…, Real Estate Pro in Austin, TX
Angela Sargent answered:
I have a very valuable commercial property (12 ac on Interstate 35)..I only owe $80K on it and am looking for
Honest, ethical businessman-Kevin Finch-Team Mortgage

email: kwfinch@1teammortgage.net 512-218-4855 He's in Round Rock and works all of Central Texas.

Does commercial, ... more
0 votes Share Flag Fri Sep 11, 2009 Financing in Austin
Mylendingpla…, Real Estate Pro in Austin, TX
Mylendingplace.com answered:
I am looking to re-finance a 10-plex in the Austin area. LTV is around 60%. Any recommendations on lenders?
This is more of a commercial loan product that a fannie/freddie loan. My suggestion is to find a local bank, perhaps a credit union. Be prepared for the legit lenders to want 2 years ... more
0 votes Share Flag Sat Aug 15, 2009 Financing in Austin
Steve Fergus…, Real Estate Pro in Austin, TX
Steve Ferguson answered:
Must 203K qualifying property be at least a year old? If so, are there similar loans w/o that requirement?
I want to clarify my previous answer as many new homes do qualify for this program. Here are the exact words regarding the FHA 203K loan from FHA guidelines:

"Purchase and rehabilit ... more
0 votes Share Flag Fri Aug 14, 2009 Financing in 78702
Kevin, Other/Just Looking in Texas City, TX
Kevin answered:
Is there any Lender who can help buyers with ITIN numbers anymore ?
http://www.eaglenationwidemortgagetx.com/
hope they can help you out.....
0 votes Share Flag Wed Jul 29, 2009 Financing in Austin
Betina Forem…, Real Estate Pro in Austin, TX
Betina Foreman answered:
Iam looking for condos near downtown Austin in the 150,000 to 200,000 range that are owner financed.
There are several condos close to downtown Austin in this price range. I am sending you the ones that are owner financed.
Sincerely,
Betina
0 votes Share Flag Thu Jul 9, 2009 Financing in Austin
Bruce Lynn, Real Estate Pro in Coppell, TX
Bruce Lynn answered:
did city mortgage have shore sale properties in the market? how they work with shore sale?
Lourdes,

Act quickly and get a realtor who can help you through the process. It is not easy always to talk to the banks and some realtors are experienced with this and can help you ... more
0 votes Share Flag Sat Mar 14, 2009 Financing in Austin
Adrian Lufsc…, Real Estate Pro in Austin, TX
Adrian Lufschanowski answered:
Seeking Hardmoney for residential rehab projects. Wanting to establish relationship with firm for future deals
CC
Have you found a lender? I have 2 I work with that are very active right now for cash flowing properties. If you are still in need let me know. My name is Adrian and you can send an ... more
0 votes Share Flag Tue Feb 3, 2009 Financing in Austin
Betina Forem…, Real Estate Pro in Austin, TX
Betina Foreman answered:
are conventional loans still available for acquisition/rehab of residential property?
Dear CC,
Nick tol me you called. I hope this loan works out for you. Please give me a shout if I may be of further assistance.
Sincerely,
Betina
0 votes Share Flag Sat Jan 24, 2009 Financing in 78702
Aaron Heth, Both Buyer and Seller in Austin, TX
Aaron Heth answered:
Are there any true hard money lenders around Austin Texas? I am in need of a 8-10 Mil development That
Hi Dave, were you still looking for a hard money or private capital solution for your development needs? I am a direct private capital lender, please feel free to contact me. 512-651- ... more
0 votes Share Flag Thu Jan 22, 2009 Financing in Austin
Robert H. Ne…, Real Estate Pro in Austin, TX
Robert H. Nelson answered:
Financing for land/contruction
Construction loans, like other loans, are factored heavily by the borrowers credit score. You will probably find financing in the upper 6's to low 7's This type of financing is a bit ha ... more
0 votes Share Flag Thu Jan 22, 2009 Financing in 78702
Jacqueline W…, Real Estate Pro in San Antonio, TX
Jacqueline Wickware answered:
Percentage down payment to get easier qualifying loan, Texas market?
If you can buy for cash, then you can borrow against it after the fact. That way, you already have the asset. I'm a Realtor in San Antonio, and I can tell that the real estate market ... more
0 votes Share Flag Thu Jan 22, 2009 Financing in Austin
Betina Forem…, Real Estate Pro in Austin, TX
Betina Foreman answered:
Have financing set for residential rehab project, good numbers. Short $60k to put on the table. Any ideas?
Dear Toro,
Investors used to use credit cards when it was a sellers market, because they were usually able to do a quick flip. In todays market a quick flip may not be possible. So it ... more
0 votes Share Flag Thu Jan 22, 2009 Financing in Austin
Betina Forem…, Real Estate Pro in Austin, TX
Betina Foreman answered:
where are some hot areas for buying a positive cashflow duplex in Austin?
Location, location, location is one of the most important factors to consider. I would try to stay as central as possible to attract the most potential tenants. Good luck!
Betina
0 votes Share Flag Thu Jan 22, 2009 Financing in Austin
Douglas Stew…, Real Estate Pro in Austin, TX
Douglas Stewart answered:
Given all the negative headlines about the financial sector why aren't we reading anything about PMI providers
The short answer is because lenders are back to requiring 20% down with no PMI. Which means-of all things-you actually have to put some equity into the home up front in order to purcha ... more
0 votes Share Flag Fri Nov 14, 2008 Financing in Austin
Kim Johnson, Real Estate Pro in Katy, TX
Kim Johnson answered:
Do you know of a lender who has foreclosed on a homebuilder w/unfinished inventory?
You buyer is probably just looking for your area but if not a custom builder was foreclosed on in the Spring (Houston) Area and I believe there are a couple of homes left in highly desi ... more
0 votes Share Flag Sun Nov 9, 2008 Financing in Austin
Paul B. Perez, Real Estate Pro in Austin, TX
Paul B. Perez answered:
I have been told to hold my investment properties in a Trust, how does this work?
Here is how it works:

1.) You buy a home in the name of a trust.
2.) You assign the beneficiary of said trust as yourself.

If you ever want to cash out a property you can owner f ... more
1 vote Share Flag Mon Mar 31, 2008 Financing in Austin
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