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23 June 2024 | 3 replies
In fact, we have a flip coming to market soon and we really needed stronger comps to support the price point we're going to be pushing.
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23 June 2024 | 3 replies
You could also do a simultaneous closing of a fixed first mortgage as a ‘cash out’ refinance and piggyback a new investment property heloc for future use..although the heloc rate will be stronger on the primary.
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2 July 2024 | 108 replies
You are a broker, you had to spend ton of time to get your REA license and then apply for broker's license, and your hands are tied with your fiduciary duties and you can't make it work with as little headache as a wholesaler can.
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25 June 2024 | 17 replies
To get the underwriting based on solely a new appraisal, you'll need a ton of evidence - enough to convince an underwriter or risk officer who gets to make the call purely on internal company policy and not tied to conventional or govt published guidelines.All this being said, if you're already at a 1.0x with the current appraisal for the loan amount you want, going to 1.1x or 1.25x would only be marginally beneficial unless your lender wants 1.25x for some reason. 1.0x is generally enough to fund for most investors at or below 70-75% LTV.
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23 June 2024 | 1 reply
The greater the number of units (and operating responsibility) the stronger experience could be required (and preferred.) - Many residential lenders now offer 'business loans' or DSCR (debt service coverage ratio loans) from 5-8-10 units.
23 June 2024 | 25 replies
If you've spend more than one week in any market (I'm primarily in Indy and in the midwest) then you've seen:- Houses that are "pending" and the realtor thinks closing is coming but it is being fished out- MASSIVE spam and abuses of people that get HUNDREDS of calls a day from "wholesalers"- The same deal advertised with 10 different prices- Sellers who are lied to and taken advantage of- Wholesalers lying about values, rents, etc.Yes there are ethical wholesalers for sure but our collective immune system should be stronger and there shouldn't be so many people like this.
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20 June 2024 | 0 replies
It's like getting a power-up that makes your spending power and returns even stronger.
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23 June 2024 | 105 replies
How does this tie into Asset Protection?
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21 June 2024 | 25 replies
She said earlier that it’s tied to the mortgage
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24 June 2024 | 21 replies
Instead of paying cash do 20% down so you're not tying up so much money on one property.