Assignments and lenders - Posted by Gerald(NC)

Posted by LeasePurchase on November 26, 2005 at 11:33:54:

Are You Earning 12.5% on Your Money?

Well yes and no. Yes I am because I’m earning at least that amount. No because I’m earning much much more. 12.5% is chicken feed. If you know what you are doing, getting more than 12.5% in CRE is not only easy, it is very safe.

As an Investor, why would I want to limit myself to only 12.5%? Not only that, I get it Tax Free.

Assignments and lenders - Posted by Gerald(NC)

Posted by Gerald(NC) on November 25, 2005 at 21:40:10:

Can an assignment fee be recorded on the HUD-1? I don’t think so, but thought I’d ask those more experienced.

Re: Assignments and lenders - Posted by Randy (SD)

Posted by Randy (SD) on November 26, 2005 at 09:32:44:

Since a “assignment fee” is generally paid by the buyer most lenders won’t allow it, you can’t charge the buyer. You can do a “reverse assignment” or a consulting fee agreement with the seller where the fee is paid out of the seller’s proceeds.

Re: Assignments and lenders - Posted by TaMo

Posted by TaMo on November 26, 2005 at 09:09:55:

It can be, but most lending institutions don’t like to roll them into the loan (in my experience) and would rather have the buyer bring the assignment funds to the closing table.

Neal McSpadden
http://www.285financing.com
Are You Earning 12.5% on Your Money?