Financing in 89502 : Real Estate Advice

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Mike Harding, Real Estate Pro in Reno, NV
Mike Harding answered:
current cost for building a house in Temecula area?
Hey Hankster,
You should re-post this question in Temecula Q&A. They will know better
0 votes Share Flag Thu Apr 5, 2012 Financing in Ward 2
Ron Bell, Real Estate Pro in Reno, NV
Ron Bell answered:
I am interested in learning how to make hard money loans in the Reno, NV area.
Gentle Reader,
This is a great time to do private money as many people are good credit bets but just short sold home etc. and dinged them for trad. loans.
As always, I will answer you ... more
0 votes Share Flag Sun Feb 26, 2012 Financing in Reno
Don Robertson, Real Estate Pro in Reno, NV
Don Robertson answered:
How can I confirm that a lender is legitimate before I send all my personal info online? NMLS#?
Interesting question. The best way to discern this is by working with a Realtor that you trust. Check BBB for complaints. Go online with Nevada State Government site and search for t ... more
0 votes Share Flag Sat Feb 25, 2012 Financing in Reno
Anthony Cinc…, Real Estate Pro in Cape Coral, FL
Anthony Cincotti answered:
Hello, I wanted to know, if a bank wants $80,000 net, what does that really mean? Thanks for your time.
It means that after all expenses related to the sale the bank wants to receive a sum of 80k is the short answer.
0 votes Share Flag Sat Oct 8, 2011 Financing in Reno
Ricky Beach, Real Estate Pro in Reno, NV
Ricky Beach answered:
Hello, I wanted to know, if a bank wants $80,000 net, what does that really mean? Thanks for your time.
Both the buyer and seller will have closing costs. The net to the seller is what is left after their closing costs are taken out of the gross proceeds from the sale. I wrote a closing c ... more
0 votes Share Flag Sat Oct 8, 2011 Financing in Reno
Elva Wormley, Real Estate Pro in San Jose, CA
Elva Wormley answered:
I am currently co-signer on condo loan ($182000) in Reno at 6%. My daughter is making payments and it is currently rented.
Hi Sturk,

I'm not sure I understand your question. Are you interested in refinancing the condo loan? If so, contact a local mortgage broker in the area to see what options are a ... more
0 votes Share Flag Fri Mar 18, 2011 Financing in Reno
Mark Fleysher…, Real Estate Pro in Las Vegas, NV
Mark Fleysher, MBA answered:
Seller Financing on investment rental property
I'm not sure about Seller Financing, but you may want to look into 'Hard Money' or another route of Private Funding.
0 votes Share Flag Tue Jul 13, 2010 Financing in Reno
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
Does anyone know someone around Reno that will lend a year after a shortsale? Good income..understanding higer intereste rate.
Not knowing the circumstances that led to your short sale and your finances today--your best source of information is any qualified loan officer(s), why not visit/call and inquire--see ... more
0 votes Share Flag Sat Mar 12, 2011 Financing in Reno
Lasvegasmtg.…,  in Las Vegas, NV
Lasvegasmtg.com answered:
In reference to previous questions regarding a HUD Home.....
Yes. Get a licensed contract estimate for all the work needed in order to meet FHA guidelines. Make sure it show date of estimate and total work broken down by labor and material cost. ... more
0 votes Share Flag Tue Mar 23, 2010 Financing in Reno
Madeline Zook,  in Reno, NV
Madeline Zook answered:
I need some advice please... I am in contract to buy a HUD home. The purchase price (gross) was the same price as the "as-is"
Read your contract. If you have a standard contract agreeing to take the house "as is" and you can't place a loan on it because it needs $5K in repairs, then you can wal ... more
0 votes Share Flag Wed Mar 24, 2010 Financing in Reno
Rick Lloyd, Real Estate Pro in ALBANY, OR
Rick Lloyd asked:
Does anyone know of a bank that will do SEP IRA non recourse loans in Nevada? Having problems finding someone to do non-recourse loans in Nevada. LTV ~ 50%.
0 votes Share Flag Wed May 27, 2009 Financing in 89521
Ricky Beach, Real Estate Pro in Reno, NV
Ricky Beach answered:
Do i qualify for the $8000 tax credit??
Marie,
IThat is a tough situation. Since your CPA and loan officer are unable to confirm you might want to ask a Real Estate Attorney.
0 votes Share Flag Wed May 6, 2009 Financing in 89511
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