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Deeper asset history unlocks new lending opportunities

Housing Wire

To minimize the pain, legacy loan manufacturing processes typically collect only as many months of asset statements as are required by investors — often just two months for conventional and government loans. Or maybe the lender just needs to verify the source of a borrower’s earnest money deposit.

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What to Look Out for when Working with Cash Buyers

CT Homes

Knowing why investors include these terms in their offers and how to counter them will put you in a much stronger position in the transaction and simplify the process of selling your home for cash. Some investors may be able to work faster while others may rightly need more time to perform additional due diligence. Dig deeper!

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How to Start Investing in Real Estate with $1,000

Realty Biz

If you don’t have much money, but want to get started in real estate investing, partner with an experienced investor and offer to do all the gopher work. Partnering with an experienced real estate investor makes a great way to learn the ropes, and to learn how to avoid common pitfalls that swallow most new investors.

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What to Look for in a Strong Cash Buyer

CT Homes

The earnest money deposit should be substantial and submitted to escrow within 72 hours of offer acceptance or sooner. One of the basic items investors should provide when submitting an offer is a proof of funds letter. Look out for both strengths in a cash buyer as well red flags investors include in their offers.

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Are HUD Homes a Good Deal? How to Tell If the Properties Are a Fit

HomeLight

The HUD Home bid package includes a sales contract , an addendum regarding lead-based paints, an earnest money deposit of 5% through cash, cashier’s check, money order, or letter of credit, and a forfeiture of earnest money deposits document.

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Should I Waive a Home Inspection? Why Buyers Are Willing To Right Now

Realtor.com

You might have to forfeit the earnest money deposit you’ve put down with your offer, but not necessarily if you’ve worded your contract right. And even if you do lose your deposit, it might pale in comparison to paying for whatever required repairs the home inspection brings to light. .”

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How to Sell your Home for Cash: The Process!

CT Homes

Any worthwhile investor is going to walk the property and know exactly what they are buying before closing. Take a few minutes and review these common cash offer red flags that investors include in their offers. Earnest Money Deposit. Sales contracts are different in every state. Inspections.