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12 January 2025 | 20 replies
They usually have a step down on that penalty like 3% year one, 2% year two, 1% year three and so on and so forth.So if you are buying a deal with the intention of rapidly increasing it's value in less than 24 months in order to refinance it and pull your cash out, you might want to go with a credit union for the acquisition financing because FCUs are barred from charging pre payment penalties.I could talk about this for hours about all the nuances but my fingers don't type that fast lol
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19 December 2024 | 2 replies
The records of the closed title company MIGHT show how they handled the issue, but more likely they missed this issue otherwise as part of their solution a mortgage satisfaction document would have been recorded at that time. 4.
3 January 2025 | 10 replies
IF that is the case full stop - yes you are paying for something called insurance but if you have a claim the company has the right to pretty much deny coverage for having the wrong type of policy.Landlord policies are higher cost but for a reason - there is a different and increased level of risk when the house is not owner occupied.Talk with your agent and get all the details sorted out.
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21 December 2024 | 6 replies
Would this be an optimal win-win for risk reduction + tenant satisfaction?
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2 January 2025 | 4 replies
With $100K in cash, you could leverage this option to make a larger down payment and keep monthly costs manageable.Maximize Rental Income:Are there ways to increase rents on your current properties?
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22 January 2025 | 56 replies
But i'm sure that perspective will increase or decrease as I mature. big difference though in 30 mil in equity in RE and 30 mil in cash after you sold your business or your stock and bond portfolio is worth 30mil.. crypto goes up and down to much LOL.. but I am sure there are plenty of very wealthy crypto dudes and duddets.
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4 January 2025 | 25 replies
if it is serious I have a couple of questions for you 1) what is the last syndication that you have seen that did not project a majority of the return from value increase?
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30 December 2024 | 1 reply
I am hopeful they will want to work with me to get things repaired and updated to validate appropriate rent increases.
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1 January 2025 | 13 replies
Banks, particularly smaller banks who provide real estate loans are increasingly focused on their borrowers maintaining depository relationships.
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3 January 2025 | 7 replies
Further, BPOs and appraisals show the properties have increased 50 to 60% in value during the last 3 years.