
27 August 2024 | 10 replies
I would generally try to avoid insurance claims if you can because insurance is getting out of control nationwide, and we are seeing in FL, TX and CA that claims can follow the house and/or you and make it very difficult to sell the home in the future.Within the mortgage expense category you have 4 separate charges: principal, interest, property taxes, insurance (if you escrow taxes and insurance which 95% of our clients do).

25 August 2024 | 8 replies
I didn't have control over the ARV figure (the market controls that) and I found that if I tried negotiating a lower rate/points with my private lender they would find other places to invest their money.
29 August 2024 | 70 replies
@Ted Akers yes for instance this would not work well in WA with the excise tax of 1.78% or there about on title transfers.this was a low end deal in GA so it was a normal wholesaler approach I think the guy made 10k on the deal we made a few bucks and they absorbed the one closing costs and transfer tax which was probably nominal I would have to look at the hud.I can see this working in states were double escrows are not allowed any more... or if a wholesaler wanted to put to bed the thought that they are selling re without a license.. you know the wild wild west out there in that industry were basically anything goes until it does not LOL.I am NMLS mortgage banker sitting in the bullpen.. my license is on ICE but I do the CE.. just don't want to have to take the test again incase I want to jump back into doing HML.. so for right now taking title is a clear path.. no securities issues no licensing issues.. etc etc.. and 100% control. the only way I will do this these days.. but then again my clients are well known to me for more than a decade most of them and they are high volume flippers etc... so we have a lot going on...

26 August 2024 | 3 replies
My strategy doesn't involve influence by any factors outside of my control.

26 August 2024 | 4 replies
It isn't wrong to do that but they want to see that the owner of the property is in control and that isn't you.There is a risk that they might take a look at those other properties, but if they are doing well and following the rules, their probably won't be a problem.Having said that, it is AirBNB and sometimes the stuff they do, don't make no sense. :)

25 August 2024 | 6 replies
The Colorado Real Estate Commission does not control every contract in the state, so it doesn't even make sense.

26 August 2024 | 9 replies
You lose control of the property by taking your name off the deed, but will still be responsible for the payments because you’re still on the mortgage.

27 August 2024 | 21 replies
This is the second best time to plant a tree...don't wait for things outside of your control because you'll be waiting forever.

26 August 2024 | 17 replies
I love our delegated model because we keep control of the entire process except for appraisal and title.

25 August 2024 | 9 replies
It's mostly out of your control, but at least make 1 room comfortable.