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24 May 2016 | 2 replies
They will always have the image of someone else's home as opposed to their own.Properties do not look the same when they are empty as when there was furniture in them.
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26 May 2016 | 6 replies
I completely agree that anything labeled remediation does similar to cost as anything labeled wedding!
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26 May 2016 | 1 reply
Also if you google pre-foreclosure letter and look at images you should get some ideas.
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27 May 2016 | 6 replies
We continued to live there for three more years, accepting partial rent from our roommates.2007, wedding bells.
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29 September 2016 | 6 replies
Currently I'm running numbers on properties to get a better feel for the area.Below are some images of the calculations I ran for a downtown property in Raleigh and here is the ad: link, I can also upload the excel template if to Google Drive if anyone is interested.
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28 September 2016 | 24 replies
In this case you always have money left in the deal.3)You never pay PMI (private mortgage insurance) if you refinance at 80% of appraisal or less.4)In Texas (and perhaps other states) if you refinance within a short period there is a discount (40% I believe in Texas) on the title insurance for the refinance.This actually saves more than the cost of the additional lender’s title ($100 in TX) when purchased.In my case I didn’t even purchase lender’s title when I bought the house with the friendly loan and still got the discount when I refinanced.My friendly loans are with my own money, lent to a friend with a personal loan, who relends to me with a mortgage loan.Our terms are mirror image for the personal loan and the mortgage loan.Ideally the loan includes all costs, including future repair as I want to be able to get all money back when I refinance.The ultimate refinance means you have no more than 80% or less of market value total into the property so when you refinance you have no private mortgage insurance to pay.That also matches with conventional loan standards of 80% LTV for investor purchases.There is no industry norm requiring you to wait any period of time for a “rate and term” refinance so you refinance as soon as the rehab is complete.There is no law about getting a “cash out” loan immediately.That is simply the current lending standard for most lenders.A “cash out” loan is one where you paid cash for the deal and now want to refinance to pull your cash out of the deal, hence the name “cash out loan”.Unfortunately industry norms currently require you to wait for 6 months before they will give you the cash out loan which is the reason I use my “friendly loan”.In Texas, once a cash out loan, every refinance by the same owner is also a cash out loan.In Texas, cash out loans are more restrictive than refinance loans and cash out loans do not qualify under some government sponsored finance programs available to rate/term refinance loans – another reason I prefer rate/term refinancing.I recycle legal docs (promissory note, deed, and deed of trust/mortgage) that I got from an attorney that I alter for each purchase.
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23 February 2016 | 6 replies
They meet weekly on Wed, mornings.Let me know if you need any help getting started.
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18 February 2016 | 2 replies
With that be said I can image it has no CO2 alarms, smokes or exhaust fan for bathroom.
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12 March 2016 | 45 replies
OrNewly wed, trying to teach a couple that's been married for 20 years how they should treat each other.My point is you have to prove yourself to them that you know what your doing before you can get anyone else to join in the fun.
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24 February 2016 | 14 replies
Before and after images would be great.