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21 January 2025 | 40 replies
We've found it's more capable than others when it comes to integrations, reporting capabilities, and efficiencies.The software you've mentioned will be better for the PM activities (property-specific transactions) than keeping up with your financials as a whole.
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18 January 2025 | 11 replies
But when there are issues, not being local can make managing situations much more difficult than if you were local.
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22 January 2025 | 1 reply
This just seems like it puts me in a potential bad situation if something goes wrong during the process.
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22 January 2025 | 9 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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12 January 2025 | 23 replies
They love the idea of wealth, financial freedom, but don't want to put their own financials on the line.
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19 January 2025 | 47 replies
It might take a large financial institution with capital for “brainpower” and marketing, and financial and reputation strength to design as well as create a trading market for this type of security.
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24 January 2025 | 11 replies
Nothing illegal about doing that, but if caught, the lender may call the loan due and if you don't correct the situation or pay the loan off, they willstart mortgage foreclosure.3) You could also go the HELOC route to tap the equity in the home, but the 12-month owner-occupancy will also apply AND the interest rate on the HELOC will fluctuate with the Fed Fund Rate.4) You could do a cashout refi as an investment property, but that will be at an interest rate 0.5-1% higher than owner-occupied rate.Suggest you meet with 2-3 lenders to explore your options about the above.Once you have access to funds, recommend you buy a 2-4 unit with 20-25% down. - You can buy owner-occupied, live in one unit, and fix up and rent the other unit(s).- If you're handy, recommend buying a property in the worst condition you can tolerate.
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16 January 2025 | 11 replies
I am just surprised it seems Hospitable is the only PMS that has dived into taking on this specific situation.
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18 January 2025 | 0 replies
BFS FINANCIAL SOLUTIONS is posing as a lender, or they legit.??
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18 January 2025 | 0 replies
BFS FINANCIAL SOLUTIONS is posing as a lender, or they legit.??