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Buyers and Investors: Please enter the infomration below so that we can cusotmize your criteria. Then click on link to email to the staff. parksummitcapital@gmail.com
Buyers/Investor Questionaire
What is your name ?
What is your phone number?
What is your Fax number?
What is your email address?
Do you have a preferred location or area (town, state) ?
Can you close with cash immediately (CASH, IRA) ?
Have you gotten a Pre-approval OR PROOF OR FUNDS LETTER (from THEIR cash partner or Hard Money Lender)?
Can I call you in the future with good deals of properties you can get below FMV ?
What is your price range?
What level of rehabs are you interested in? Find out if they do simple cosmetic changes like updating baths, kitchens, changing carpet and painting, or if they can handle major jobs such a foundation, mold, water issues or fire damage.
If you don't end up with this particular piece of property, I will call you with the next one, okay?
Would you prefer me to phone, fax or email information about my next deal ?
How many rehabs are you looking to do each year?
Are you interested in rentals?
What are your criteria for rentals?
HARD MONEYS QUESTIONAIRE:
HARD MONEY (Cash Partner- ask what applies)
1. What types of properties do they deal with? (residential, commercial,etc.)
2. What is the minimum and maximum loan amount you will loan?
3. How long of term can the loan be extended out to? (3 or 6 month loan, 1 year, etc.)
Will they give you an extension?
4. What is the average interest rate? (IF CASH PARTNER WHAT WOULD YOU LIKE TO MAKE AFTER EXPENSES, 50-50% SPLIT?)
5. How many points upfront? (can it be wrapped into the loan?)
6. How much equity is required? What is highest LTV?
7. If there is enough equity, do you pay for the ARV/after repaired value? (100% financing)
8. What is the turn around time from a "letter of intent" to closing?
Once we give them the property information how long will it take to fund?
(may be determined where they are getting the funding from ex Cash, HELOC, Credit Card etc. If CC make sure you educate them on 0% financing for
balance transfers or use a low interest rate CC.
9. Is there any prepayment penalty?
10. Is a credit check required?
11. Does it matter if it is owner occupied or not?
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