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12 January 2025 | 17 replies
@Abdul HafeezRates and LTV depend on many factors.
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9 January 2025 | 46 replies
Quote from @Jay Hinrichs: Oregon finally passed legislation to reel in unlicensed wholesaling its in this months publication from the state RE agency.Highlights:Goes into effect July 1 2025Requires:On line application to become a licensed wholesaler ( RE agents exempt from this of course they already have licenses)Name of company and individuals who will be performing these services.Each one needs a full criminal background check and approval prior to receiving the license.300.00 annual fee for the license.Written Disclosures in Bold 10 point.These must be given to Buyer and Sellers prior to entering into a wholesale contract and signed for.Also RE brokers assisting wholesalers need to give these to potential buyers and sellers.
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14 January 2025 | 5 replies
Depending on the value at the time of death and your basis you may need to file a gift tax return.I would speak with a CA attorney to determine the best type of deed to file and a tax professional to gather more information.
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18 January 2025 | 11 replies
Your credit score is high enough to get something done, but whether or not that delinquency will fly is going to depend on the lender/underwriter.
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13 January 2025 | 2 replies
I would like to pull out equity from the homes to build either a house on each or an ADU (they are zoned multi-family) depending what makes the most sense on returns and what is feasible.
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17 January 2025 | 3 replies
As far as timeframe, anywhere from 21-45 days depending on how quick a borrower gets their docs to underwriting, how long the appraisal takes, etc.
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17 January 2025 | 3 replies
If the client is in CA the community property state laws may help here (not entirely sure) depending on when the property was acquired but it would be a great question for an attorney as Jason mentioned.If they were married and went through a divorce it would be worth looking into how the divorce paperwork stated how that property would be handled.
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22 January 2025 | 14 replies
Weather differs depending on where properties are located and even snow accumulation within the same geographic area will vary year to year.
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26 December 2024 | 6 replies
Personally I use RentRedi (free with BP Pro) for management and Zillow for applications and screening.