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CONTACT WALTER

559 S. Washington Ave., Kankakee,IL 60901

P.815.929.9258 P.815.929.9200

walter@waltersanford.com

Dear Walter, It was a pleasure meeting you during your recent event in Laguna Hills, CA. I appreciate the material your covered during the event and wanted to thank you for your generosity on gifting me the "Beating the Competition" sales system. Jose U. Jaramillo, Keller Williams

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“Insider” Financing Checklist July 29th, 2016 | Posted in General Real Estate, Other Interests, Real Estate

If you know me well, you know that I’m all about checklists for EVERY aspect of this business.  Investing in my own real estate portfolio is certainly no exception!

During a negotiation, it’s more important what the research says than what the seller says.  If I have to go for a new loan, I want to understand it for myself; remember it is more important to achieve the right terms than the right price.

  1. Discount fee (points)_____________________________________________
  1. Prepayment penalty terms, if any___________________________________
  1. Mortgage assumption option, if any_________________________________ 
  1. Garbage fees for drawing papers___________________________________ 
  1. Appraisal fees__________________________________________________
  1. Interest rate: fixed or variable _______________________________________
  1. If variable: Index_________________         Max__________________________

Margin__________________________         Min__________________________

  1. Assignment fee, if appropriate________________________________________
  1. Length of commitment period________________________________________
  1. Balloon payments, if any___________________________________________
  1. Size and number of escrow or impound accounts required at settlement and monthly payments ____________________________________________________________
  1. Other fees_________________________________________________________
  1. Personal liability clause_______________________________________________
  1. What does the lender require regarding:__________________________________
  2. Fire insurance______________________________________________________
  3. Title insurance ______________________________________________________
  4. Survey ____________________________________________________________
  5. Termite inspection and certification _______________________________________
  6. Flood insurance_____________________________________________________
  7. Mortgage insurance premium__________________________________________
  8. Subordination clause________________________________________________

 

ADDITIONAL NOTES ON FINANCING:

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Invest in your business, invest in your future, invest in real estate!  Insider Trading for Real Estate Agents is a thick manual full of Walter’s personal investing strategies, forms, checklists, and letters with the data CD (digital copy for easier implementation.  It also includes audio CDs for you as a real estate investor and audio CDs for your investor clients.   

Check out the details: http://www.waltersanford.com/shop/insider-trading-for-real-estate/.  Call 800.792.5837 and ask for the $50 blog special on this system!

 

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