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21 November 2024 | 6 replies
It varies deal to deal, on one property maybe up to 65% LTV, but if you have more collateral the more likely they can make something work.For example, I've done numerous deals where we place a 2nd on 4-5 properties and the lender feels comfortable lending x amount of dollarsThese are very non traditional loans and no two will ever be the same.
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25 November 2024 | 16 replies
Understanding their cash flow is critical.I especially like your idea of communication clauses—non-responsiveness is a huge red flag, and setting expectations upfront can save a lot of headaches later.
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19 November 2024 | 6 replies
It's common for traveling medical professionals to extend their contracts.
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22 November 2024 | 7 replies
This will help limit your liability on the non-homestead property without affecting your exemptions.3.
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23 November 2024 | 20 replies
I read some old posts where folks have suggested using non locking door knobs is that something tenants like ?
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1 December 2024 | 377 replies
I would recommend to all that they build a STRONG relationship with a Realtor/Broker or several Realtors, because 2.Downloaded a list of multi family owners from Listsource.com - You can get this from a Broker who can run a list of non-owner occupied properties, this features the number of beds and baths and from which you can build a mailer and network. 3.
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20 November 2024 | 8 replies
If the lease is ending be sure you have given the proper notice of non-renewal of the lease.
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19 November 2024 | 5 replies
Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.
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20 November 2024 | 6 replies
It depends on the lender but at a min they must follow TX SML or lending laws in the state in order to compliantly lend in TX, on whether choose to apply this guideline to all types of occupancies or transaction types (non owner investment, second homes/primary residences, etc)80-85LTV on rental properties is only on the purchase for fannie/freddie loans but on rate term refinances its max 80% and cash out max 75% for 1 unit and up to 70% for 2-4 unit cash out conventional.On HELOC's and rentals are up to 70-75% depending on the HELOC investor or product.Its good to distinguish between what the lenders are willing to do and for which product and also these loan products must abide my state law as well as an additiona layer of "overlays," on top as well (whichever is worst / most conservative).
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20 November 2024 | 9 replies
If they don't, give them a 7-day non-curable.