Grow your real estate investing business with the most competitive and transparent private lender for bridge loans (hard money, fix & flip, rehab, ground up construction), DSCR rental loans.

Private Lender for DSCR Loans and Fix & Flip Loans | OfferMarket

Private Lender for DSCR Loans and Fix & Flip Loans

## What is a motivated seller? ⏱️

 

A motivated seller is a person or business entity that needs to sell real estate fast. In traditional real estate sales, motivated sellers end up accepting lower offers from buyers because there is not sufficient time to attract buyers and make them submit competitive offers.

 

With OfferMarket you can compare AS IS offers from verified cash buyers. This empowers you to sell your house fast for a fair and competitive price.

 

## How to find motivated sellers

 

There are many reasons that motivate sellers of real estate:

 

- Divorce or separation
- Financial loss (i.e. job loss, business bankruptcy)
- Medical bills
- Job relocation
- Inheritance and estate liquidation

 

OfferMarket is an investment property marketplace where motivated sellers compare AS IS offers from verified investors. If you want to know how to find motivated sellers, [subscribe to OfferMarket's exclusive and off-market deal flow](https://www.offermarket.us/survey/subscribe/deal-flow).

 

#### Related content

 

- [Guide: How To Sell Your House Fast Without An Agent](https://www.offermarket.us/guides/how-to-sell-your-house-fast-without-an-agent)
- [Guide: Selling A House As Is](https://www.offermarket.us/guides/selling-a-house-as-is)
- [Sell My House Fast](https://www.offermarket.us/sell-my-house-fast)
- [We Buy Houses](https://www.offermarket.us/we-buy-houses)
- [Real Estate Wholesaling: How To Find Motivated Sellers](https://www.offermarket.us/guides/real-estate-wholesaling-how-to-find-motivated-sellers)

A motivated seller is an owner of real estate that needs to sell fast. Motivated sellers on OfferMarket sell fast and for a fair price.

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Motivated Seller - Real Estate Glossary - OfferMarket

What is a Motivated Seller in real estate?

#### What does PITI mean?

 

PITI stands for Principal, Interest, Taxes and Insurance. Aside from maintenance, these are the core expenses of owning a house. Typically, your monthly payment to your lender or mortgage servicer includes all of these costs.

 

For example, let's say you buy a home for $250,000 with a 5% down payment on a mortgage loan at 3% interest, 1% [PMI](https://www.offermarket.us/real-estate-glossary/pmi), 1% property tax and $1,000/month property insurance. Using our [mortgage calculator](https://www.offermarket.us/tools/mortgage-calculator), you can see that your monthly PITI would be just under $1,500.

PITI stands for mortgage principal, interest, taxes and insurance. Learn more about PITI at OfferMarket.

PITI - Principal Interest Taxes and Insurance - Real Estate Glossary

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PITI - Real Estate Glossary - OfferMarket

What is PITI in real estate? 

Funds from construction loans (commonly referred to as "fix and flip" and "bridge" loans) are disbursed to the borrower via draw request. A draw request typically involves a submission of invoices and receipts of work performed and materials purchased associated with work that has been completed per the scope of work (SOW) or budget that is submitted to your lender. 

 

## How to schedule a draw request

 

The borrower or the general contractor representing the borrower will then schedule a draw inspection with the lender. An inspector representing the lender will visit the job site and confirm the work completed and materials on site so the lender can reimburse based on the inspected progress.

 

## Get a quote for a fix and flip construction loan from OfferMarket Capital

 

OfferMarket Capital is our private lending platform. We are on a mission to help you grow your real estate investing business by providing you with the most competitive, transparent and simple private lending experience. Our products include no doc fix and flip and DSCR rental loans. **[Get your quote today!](https://www.offermarket.us/capital)**

 

## More about draw requests

 

[What is the draw request process for OfferMarket Capital construction loans?](https://www.offermarket.us/frequently-asked-questions/what-is-the-draw-request-process-for-offermarket-capital-construction-loans)

A draw request is how construction loans (fix and flip, bridge) are 

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What is a draw request? | OfferMarket Real Estate Glossary

What is a draw request?

A fourplex is another word for quadplex. Please visit our [quadplex](https://www.offermarket.us/real-estate-glossary/quadplex) overview to learn more. 

 

#### Related concepts:

 

- [SFR](https://www.offermarket.us/real-estate-glossary/sfr)
- [Duplex](https://www.offermarket.us/real-estate-glossary/duplex)
- [Triplex](https://www.offermarket.us/real-estate-glossary/triplex)
- [Quadplex](https://www.offermarket.us/real-estate-glossary/quadplex)
- [House Hacking](https://www.offermarket.us/real-estate-glossary/house-hacking)

A fourplex is a 4-unit house. Fourplexes are very attractive to rental property investors. There's more to learn about fourplexes at OfferMarket. 