Franklin TN News
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Franklin News
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Local news for Franklin, TN continually updated from thousands of sources on the web. |
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Citizenship process not as simple as many think
Celina Alvarez, a Franklin, Tenn., resident who moved to the United States 18 years ago from Jalisco, Mexico, spent $18,000 in application and attorney fees just to get a green card.
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iQuantifi, Inc. Wins Best of Show at FinovateSpring; Seeking Investors
FRANKLIN, Tenn. -- -- iQuantifi , an online software platform providing automated and personalized financial advice, was voted Best of Show at last week's FinovateSpring 2012 , the finance industry's premier invitation-only tech conference.
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Events: 'Homemade, Homegrown' Gathering returns to Spring Hill, May 19
Pick up the scissors or grab your guitar! A group of locally owned businesses is hosting its second "Saturdays at The Commons," this Saturday, 10 a.m. to 3 p.m. at The Commons at Spring Hill.
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RWWC hosts candidate forum for new District 65
The public is invited to the first candidate forum of the 2012 election season hosted by the Republican Women of Williamson County.
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Franklin: Local shops doing the Main Street Shuffle, others new to the mix
A frequent visitor to Franklin's commercial area and beyond will notice that some stores just aren't where they used to be, a few have closed and yet there are new ones in the mix.
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Contact Information
Brandon Patrick Reliant Realty 256 Seaboard Lane E105 Franklin, TN, 37067
Office: 615-724-7071 Cell: 615-578-7507
Lic. #: 257858
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Franklin Tennessee Real Estate professional Brandon Patrick Discusses Ways to Finance Rehab Properties in Franklin Tennessee |
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You need to interview multiple brokers rather than just using the first one you come across. You should approach choosing a Franklin Tennessee real estate agent just like you would hiring an attorney, doctor or insurance agent. You will want to be sure to shop around the Profile.market a place where you will have access to meet your financial necessity.
It is much more difficult to get traditional financing for these properties because they are looked at a little different than a primary residence.
When looking at purchasing a fixer in Franklin Tennessee it may be that traditional banks and mortgage brokers just can't help. If this is the case you may have to see what is referred to as a hard money lender.
Check with your real estate agent in the Franklin Tennessee area, for people seeking hard money lenders or investment property financiers. You may find them by looking for classifieds under financing or mortgages or by asking their real estate agent.
Hard money lenders will look at the after repaired value of the property and loan out anywhere from 50-80% of the after repaired value before the property is repaired,while traditional loans will only look at the current value of the property.
You may even find that it is the bank loan officer in Profile.market that knows exactly ho to call in any investment situation.
Traditional financing is much cheaper than getting a hard money loan. Interest rates average between 12-16% with a possible 3 to 5 point deposit.
The reason people go this route is they can get money Beyond the actual purchase of the property which is generally unheard of in traditional financing. This money can then be used to make repairs to increase the value of the property.
Make sure you include them in your purchase and holding costs so that you end up with the profits you are looking for on the property after all is said and done and you simply look at the costs of hard money loans as a cost of doing business.
Receiving your initial loan in Profile.market is your toughest. Once you do it once or twice it will become much easier.
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