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29 December 2024 | 30 replies
In the meantime I have been building my team and systems.
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13 December 2024 | 2 replies
Key Steps Before ProceedingContact the Loan Servicer: They will guide you through the assumption process and confirm whether an entity can participate.Consult an Attorney: If you’re considering title transfers or joint ventures, an attorney familiar with VA loans can help you navigate potential risks.Understand Due-On-Sale Clauses: Ensure any post-assumption changes comply with the loan terms to avoid triggering repayment demands.Final ThoughtsVA loans are a unique and valuable financing tool, but the program’s focus on personal borrowers makes entity-based assumptions unlikely.
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18 December 2024 | 45 replies
Cameras, security system, motion lights, cage lock on hvac, etc.They were stolen cause it was vacant and had a for sale sign.
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12 December 2024 | 8 replies
It's going to be a unique build
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16 December 2024 | 6 replies
I would be careful when looking at discount PMs because if they aren't making money, they likely have terrible systems in place for management.
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13 December 2024 | 6 replies
Any competitive DSCR program is going to be in the 90-day seasoning range for allowing a refinance based on the newly appraised value.Your 9-month seasoning should not be an issue, barring an extremely unique situation (like inheriting a property or having it gifted to you).------------------------------------• 0-6 Months (Delayed Purchase, no Rehab completed) - up to 80% of purchase price• 6+ Months (Cash-Out Refinance, no Rehab completed) - up to 75% of appraised value• 0-3 Months (Cash-out refi, Rehab completed) - 75% of appraised value [good rates]• 3-6 Months (Cash-out refi, Rehab completed) - 75% of appraised value [best rates]
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16 December 2024 | 3 replies
The only way the system does not work is if you take the refi money and don't het another property that cashflows.
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19 December 2024 | 21 replies
I don't believe that will change as long as the school system and public safety levels remain some of the worst in the state.
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16 December 2024 | 4 replies
The tenant used an online maintenance request system to request a handful of maintenance issues for the first 6 to 8 months.