So I'm buying an investment Condo...
 

And the lender is requiring me to show proof that I own websites. My friend who is my mortgage broker knows what I do for a living, but the lending institution wants more details for their record.

My friend told them that he can get the websites but she may not like them. She then said ?Oh, well I think I know what you are referring to.?


:thumbsup

What do websites have to do with anything? tell them you buy traffic and send it to sponsors, and make a profit that way...

That seems like a weird request. Usually tax returns, credit history, and proof of income is all they need. As far as they should be concerned, you have a marketing firm and you have non-disclosure agreements with your client base. :)

bingo bango bongo :thumbsup

Just make sure it will be an investment condo and not a devaluation condo :thumbsup There is going to a serious few years ahead.

You should have had a friend switch the records on a few mainstream sites just for a few days.

I wouldn't be buying a place right now, the market is only going lower!

Wait 6 months then buy around xmas

way more than 6 months. try 2 years or more.

With the amount of foreclosures due to higher interested rates, I think mortgage companies are doing more due diligence.

I have a high 700 credit score and not sure why they are giving me shit.

Not every market in the US is struggling. Charlotte, NC is one of the fastest growing cities in the US. The city has limited amount of condos for sale. Charlotte has never had those ridiculous phases where the housing market went up 100% in a year. So, there won?t be a correction in the real estate market here. The condo should appreciate about 10k a year.


I had a friend who needed cash quick to buy in London and I got a great deal.

where @ how many bedrooms/sqft

Uptown, 2 - 2 1150

Your friends place in London is actually a better deal - wise move. If he is paying in dollars he's going to be gaining on currency and capital appreciation over the next year - probably, tho who knows - 20%-25%/year.

Not all markets are struggling, that is a myth. Another thing that was pointed out is that while the market has slowed it is like going from 75 miles per hour on the highway down to 60. Feels a lot slower, but you are still clipping along.

That is pretty much what is going on in the Seattle area.

May I also point out that it is only truly an investment if it is generating revenue.

Thats a great investment......
congrats for that......

price?....

Home sales are 5% higher last month then they were a year ago in Charlotte. People are still moving here, the property is really undervalued as far as other big cities. So, the charlotte market isn't struggling at all. Rates may be high but people are still moving to Charlotte.

It will generate revenue when I sell the sucker in a few years. :thumbsup

10 dollars