Dax Dickson's (thecommercialfinancestore) Blog

I have heard many real estate agents say that the only way to close on condemned houses is cash.This is not true!There is a GREAT residential REHAB loan:This is how it works:- 80% LTV of the purchase plus construction costs- 620 Minimum FICO- 50% DTIIt is that easy!Dax Dickson 612-578-9898 Closin...

Problems Getting Investor MORTGAGES in MN I want to know what problems you are finding with your clients... Trouble getting investor loans Trouble getting rehab mortgages   The only way I can improve the services I provide for the agents and clients I serve is if you comment with the issues you a...

WOW! This market is awesome! I really think the Minneapolis & St Paul, MN REO Rehab property market is better for real estate and finance professionals than the refinance and housing boom. Things are getting so busy I have had to solicit new banks because the ones I have been doing all of my Purc...

The Commercial Finance Store __________________________________________________________________________   LIST OF ITEMS REQUIRED TO UNDERWRITE A REHAB LOAN   Required Documentation: A PERSONAL FINANCIAL STATEMENT (PFS) FOR EACH PARTNER with an interest of 20% or more. BANK STATEMENTS and ASSET S...

FHA 203K Mortgage is not always the best answer!   I often get asked about the FHA 203K mortgage. For the few that qualify for the FHA 203K Rehab Mortgage Loan I send them to Matt Bartlett of Summit Mortgage.  Our team has great solutions for investors and people who do not meet the FHA guideline...

Recently, I have received a ton of calls from potential borrowers looking for Hard Money or Private Money to rehab bank owned properties. I have noticed two types of callers. One, the borrower that actually qualifies for bank financing and had been told by their agent or some other non-finance sp...

Twin Cities Minnesota Mortgage Solution for Rehab Finance Solution and REO Bank Owned Purchase Construction Financing     Many real estate agents in the Twin Cities MN area and investors buying corporate owned home in Minneapolis / St Paul that are in need of repairs have expressed concerns about...

Today is a new era of real estate and investing.  House prices are down and there is a ton of money out there to buy bank REO properties.  This is just one of the programs I have worked with lenders to create during 2008 to make it easier to buy and sell distressed bank properties. A few of the o...

I have noticed a big swing in my business lately.  Refinances have picked up but many applicants are up side down in there homes.  So the majority of my business has been first time home buyers getting some great deals on homes and investors.There are two types of investors I have been seeing.1.)...

Many agents and buyers have asked "How can I get financing for my investor clients if they want to buy BOARDED & ABANDONED properties in the Twin Cities Metro" and "I know about the FHA 203K program for owner occupants but what can I offer my investors for rehab and construction financing"? My an...