RBI sets its face against pre-payment penalty Banks are losing their battle for penalty on home loan pre-payments as the Reserve Bank of India sees no case for such a levy given that lenders don't play a fair game with borrowers.In a meeting with chief executives of banks last week, RBI deputy governor KC Chakrabarty backed the Competition Commissioner of India's stance that banks waive the clause on pre-payment penalty in mortgage...more
If your going to start wholesaling properties your going to have to build a Cash Buyer's list fast. This will help keep your cash flow steady each and every month. To sustain this, yo u need to build a huge list of buyers for your wholesale deals. Here are 5 how to strategies to help you ensure you always have investors lined up drooling at the mouth and chomping at the bit for your wholesale deals.Check out your local online classifiedsJust...more
Finding a seller is only half of the battle my friend in fact its pretty darn easy. If you dont have a buyer you dont have a deal. Luckily for you I have some flawless strategies you can use in order to find a buyer to close your wholesale deals even if your just starting out.1. Do a Deal Split with another Wholesaler Is 50 percent of the Deal better than a big FAT ZERO? Of Course. Many wholesale investors are willing to split the profit 50/50. Meaning they will find a buyer for your available wholesale deal(s). If you dont have a real buyers list built yet I highly recommended partnering up with someone in your market place that does.2. House for Sale Signs - Its a must that you put it out to the world that you have a property for sale. Use signs that have the house information and your phone number on it. Put these on median strips and even at the actual house. Youll be amazed by the results. It will literally have your phone ringing off the hook for weeks.3. Craiglist, Backpage and Facebook - Their FREE, EASY and EFFECTIVE ways to find buyers. Use these websites to show thousands and thousands of people the investment property you have under contract and looking to...more
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