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3 September 2024 | 7 replies
@Nima Rezvani Yes you can 1031 from one investment property to another investment property and then later convert it from investment to your primary residence.When you have then owned the property for at least 5 years and lived in it for at least 2 out of the 5 years immediately prior to sale you can then sell it.
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6 September 2024 | 79 replies
KFN has great tools to assist in understanding all there is regarding the program, which I studied in my spare time prior to starting to search for opportunities.I am in Chicago and started looking at properties in the 1st quarter of 2018, after several viewings, I identified 2 SFRs of which KFN became my partner via a JV in the 2nd quarter of 2018 for one out of the 2 submitted.The support is phenomenal and they are legit.
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4 September 2024 | 10 replies
You'll want to get the property rented out if possible, prior to the refinance, but it should take no longer than 30-days assuming no issues with the appraisal.
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4 September 2024 | 39 replies
(Other financing arrangements might be possible.)You can only obtain one home equity loan per year, even if you have fully paid off the prior home equity loan.Regulation of LendersTexas restricts who may lawfully issue a home equity loan.An unlicensed person is not permitted to make a home equity loan unless that individual is either related with the borrower to the second degree, or is the seller and is providing financing for the property.A home equity loan must be secured only by the home itself, and the lender may not attach the loan to any additional assets as collateral.
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7 September 2024 | 85 replies
This account was created moments prior to making this post.
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1 September 2024 | 6 replies
Or local only investor who is well known in the community can get those from banks thats why you see this huge amount of HML PML entering the space since 2010 prior to 2010 there was a fraction of the amount of HML pML as there is today.
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30 August 2024 | 3 replies
Your instructions were spot on!
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1 September 2024 | 2 replies
I told the tenant that I will be allocating their last months rent, that was transfered from the prior landlord, for the month of September and served the tenant a 30 day notice to quit (no cause).
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29 August 2024 | 7 replies
Forbid them or leave instructions for them?
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30 August 2024 | 9 replies
Instruct the tenant to call 911, not you, when they believe this is happening.