Brandon Vanderford
Land loan with 10% down?
23 November 2022 | 13 replies
Typically you see ~50% LTV on land with market LTC possibly reaching a bit higher, but not much.2. 200K purchase means the loan might pencil out around 100K - this is a very low loan amount for most land purchases.Probably a local pre-existing banking relationship or an individual private lender are your best bets.
Jonathan Makovsky
Obtaining a Commercial Mortgage: Broker vs DIY?
22 February 2017 | 10 replies
If the latter, is it appropriate to do a combination of the two if we have pre-existing relationships with lenders and disclose that to the broker?
Account Closed
can you buy a house with a credit card?
14 October 2014 | 9 replies
I have a pre existing commercial line of credit set up that makes me the equivalent of a cash buyer for my real estate adventures with a 5% fixed interest rate.
Curtis Harrison
Small Claims Court, Property Management Company won't take responsibility
18 December 2021 | 9 replies
PM did not inform the tenant or me that the costs were going to be so high, and now they expect me to reimburse the tenant for the repairs that were done for pre-existing conditions that the PM fixed because the PM couldn't find the Move-In checklist.Is the PM liable to the Tenant for a security deposit refund?
Ben Kirchner
Home Warranty denying coverage on HVAC
12 July 2017 | 3 replies
We tried this with a bunch of our rentals... simply not worth it.. self insurance is cheaper and much less headache... remember insurance companies are always trying to find a way to not pay or have huge dedcutable or pre existing condition that is not covered.. better to buy a brand new unit and have factory warrenty then service regularly.
Mike Gennaro
How do you transfer a mobile home title?
3 July 2014 | 8 replies
Additional kudos on your first mobile home deal being one that requires a mobile home mover, vacant land, and transferring states compared to a simpler deal in a preexisting park.
Adam Joe Wolf Jr.
Paying yourself back the initial investment for LLC
1 August 2021 | 9 replies
I wonder if the money in an LLC account, from rent but established before the rental house was put into it, can be withdrawn without being designated as a distribution but rather a return of capital pre existing before the house being rented was in the LLC?
Colleen Melilli
Solo 401K
30 May 2016 | 4 replies
It's a quirky part of the tax code, nobody at the IRS knows why it ended up that way, and we've been working to change that.In the meantime, if you want to get checkbook access of your pre-existing Roth IRA funds, setting up a Checkbook IRA will accomplish that.Also, for new Roth contributions, there are 12 key advantages you'll gain if you do them into a Roth Solo 401k instead of an IRA.
Steve Shaffer
Calling all nerds! (Spreadsheet Question)
26 September 2019 | 5 replies
It's very manual, but I end up with an extremely high fidelity list and I'm able to exclude certain owner's/entities that I have a preexisting relationship with.
Joe Mende
FHA Strategy help needed!
30 March 2018 | 7 replies
Or your job transferred you and you need a home outside of your pre-existing commuting area (generally 90 miles)So if you are moving from one home with an FHA loan and you are moving up the street, and your family size did not change, then you would need to do a conventional loan.But if you refinance that FHA loan into a conventional loan you could get as many as you need.Keep in mind that if you used 3.5% down on a duplex, a conventional loan will require you to have 15% equity to refinance.