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29 December 2024 | 12 replies
Key Deal Points:Loan Amount: $88,000Lien Position: 1st position Purchase Price: $120,000Appraised Value: $250,000Interest Rate/Return: 11% annual returnTerm: 5-year balloon (meaning the entire principal and interest must be paid at the end of the term)LTV ratio: 35.2%---Licensed Lending company for contractsRMLO package completed on buyersServicing company for payment
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3 January 2025 | 14 replies
But they auto-deposited $50 into my "marketing account."
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6 January 2025 | 38 replies
Account Closed 100% they are
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7 January 2025 | 1 reply
I learned how much an escrow account check matters to your overall mortgage payment.
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22 December 2024 | 14 replies
It can just be held in a savings account, no special account needed, but I always keep mine in an account separate from anything else.
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4 January 2025 | 11 replies
Some places do this annually, some places do a portion of the town every year giving them a total cycle of about every 4 years, and in my area it’s common to do a whole town reevaluation every 4-5 years.
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15 January 2025 | 10 replies
We've successfully delivered over 550 investment properties to over 180 clients worldwide following this process, and:Over 90% of clients have invested with us repeatedly, showing they are happy with their investments.Our average tenant stays over five years.2008 crash - Zero decline in rent and zero vacancies.COVID - Almost no impactEviction moratorium - Almost no impactFrom 2013 through 2023, the annual appreciation and rent growth rates were over 10% and 8%, respectively.Jonathan, I hope this helps.
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7 January 2025 | 0 replies
I learned how much an escrow account check matters to your overall mortgage payment.
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6 January 2025 | 10 replies
Foreign National programs sometimes require that you have US credit and most will want you to have a US-based bank account.
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2 January 2025 | 12 replies
Brett, can you add to this DST "trust account", ie if I sell multiple properties in 2-4 transactions, can they be maintained in the same trust?