240 Arapaho Cir E, Lake Quivira, KSFor sale: $ 499,000 This geometric home is unique enough to have Dorothy wondering if she’s still in Kansas. Perched above the shores of Lake Quivira, the home looks like a spaceship that made its landing outside Kansas City.
DENVER BP Meetup 10/22
I was stuck at work and couldn’t make it. When is the next one? I know the holiday might complicate it for some people, however it would be nice to pencil it in so I can try to make this one.
BiggerPockets Forums
Toyota to Expand in Indonesia
Toyota said it would spend up to $ 2.7 billion to expand its capacity in Indonesia to better target the country’s growing middle class.
WSJ.com: What’s News US
Frank Lloyd Wright adobe house on the marketÂ
1430 Hyde Park Road, Santa Fe N.M.For sale: $ 4.75 million The only adobe structure designed by Frank Lloyd Wright in the late 1920s was supposed to be built in El Paso, Texas. But due to circumstances — rumored to be differences of opinion between Wright and the homeowner — the project never came to be, and by the end of the 1940s, the plans were shelved.
5 States With the Highest Foreclosure Inventories
Foreclosures are falling across the country, but they still make up a big chunk of some markets’ housing stock. Find out which ones.
Is this real or is this just inflated “guru” talk?
Nick it’s a bunch of crap to sell a system. They know many like you maybe have enough to buy a course or something or do a seminar at the least.
These people maybe have completed one or two deals or none at all.
The guru’s realize it’s much easier to hype you up and sell stuff than do deals with the techniques they are pushing.
Think about it this way. A bank has a bunch of crud on it’s books from bad and loose legacy loans from the boom times. They are trying to shed that off the books.
The bank now has say 50 million to allocate to commercial real estate lending for new loans. Do you think they will approve a technique you are trying with no money down with regulators breathing down their necks or do you think they will wait and do a deal with an investor who is solid and has plenty of skin in the game??
I am putting my money on the bank waiting for a solid and strong purchaser.
If you land an incredible deal you can pick up a cash partner but will have to be careful they do not cut you out after showing to them. It sounds like to me right now you have limited value to a real estate deal. You do not have the money and you do not have a deal. What you need to now is get educated and make yourself valuable to others and that will open up doors for you.
There are owner finance deals with no money down but the price is generally inflated and you buy into a bad deal with a balloon note that comes due and the property is still marginally performing. Even with no money down for a commercial deal you will STILL need over 10k to close.
Site inspection, cost reserve stable, phase 1,survey, appraisal (if you want), title search, title policy (if you want), closing costs, etc.
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