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23 August 2024 | 2 replies
Traditional Banks have more rigorous approval processes, which can take weeks or even months.We are usually more flexible with loan terms and conditions and are more aggressive with leverage (higher leverage compared to banks), while banks generally have rigid loan terms and conditions that may not be as adaptable to unique investment scenarios.Private lenders are more focused on the potential of the investment itself rather than the borrower’s credit history or financial background.
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22 August 2024 | 1 reply
Is there a reason such as an incomplete address history or settling in court that these cases would not have come up on the report?
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21 August 2024 | 15 replies
My daughter travels with work.
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22 August 2024 | 2 replies
(b) Required Documentation (i) Limited or No History of Rental Income Where the Borrower does not have a history of Rental Income for the Property since the previous tax filing, including Property being vacated by the Borrower, the Mortgagee must obtain an appraisal evidencing market rent and that the Borrower has at least 25% equity in the Property.
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22 August 2024 | 1 reply
As a student of history and electoral politics, my hypothesis was a flat no, and the research did verify at least most of my assumptions.However, I could have written a book about this topic, and I really don't think I can answer the question succinctly enough in 2,500 words.
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21 August 2024 | 3 replies
I'm finding when I look at a given property, I get inaccurate comps in two ways: 1st, a property will show up in the list as a comp to my subject property but have a REALLY low sale value; upon investigation I find that the property acutally hasn't sold in 10+ years but PropStream thought it was comp; 2nd, a property will show up as "Sold" in the MLS status, but all ownership and transaction history tab don't reflect the new data.
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21 August 2024 | 8 replies
I'm a college student (studying agronomy) in eastern Idaho, living with my wife, daughter, and bernedoodle .
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23 August 2024 | 19 replies
My daughter started as an interior architecture major and then added communications and then got her real estate license.
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21 August 2024 | 3 replies
The are always multiple variables such as: are the gift funds involvedProperty typecondition of the propertyIs it ruralTitle seasoningReservesLTVWhat is the estimated DSCR ratioCitizenship status: Foreign National, ITIN, Citizen, Resident, permanent residenceDoes borrower have investor experience or notMortgage payment history called a VOM or proof of timely paymentsGift of equity or not100% gift funds or does borrower have at least 5% down payment and their own reserveshow many acres does the property have?
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25 August 2024 | 61 replies
I started in Real Estate investing in 2013 when my daughter went to college ( first investment was student rental), i still own that house and several others in the town, not all student rentals. i look at this as my retirement in the near future and my kids inheritance should i ever pass.