7 October 2024 | 10 replies
To land another FhA without refinancing, the 100mi distance is going to be the main requirement OR underwriters want to see a major life change (having kids so you need a bigger unit is the most common scenario).
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5 October 2024 | 0 replies
Here’s what a 'co-ownership consultation' would look like:- We review an active listing of your choice to:- Build a cost-of-co-ownership model for the property which includes:- Individual ownership and ongoing cost assumptions- Modeling potential rental income for short-term rentals- Modeling financial outcomes from various exit scenarios- Tax benefits and considerations of shared homeownership- Pros/cons of different ownership structures (joint tenancy, LLC, tenants in common, etc)- Talk through the legal agreements (I am not a lawyer and this is not legal advice but I do have extensive knowledge about TIC and other co-ownership agreements)- Briefly discuss some of the ways AI is making the work that goes into successfully managing a shared home easierIf you're interested, here's what I'm asking:- You’re a U.S. citizen or permanent resident interested in co-owning in the U.S.- You choose a property that’s actively listed and something you'd realistically be interested in co-owningShoot me a message if you're interested and open to 30ish minute chat.Thanks!
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9 October 2024 | 16 replies
I will also change all 4 BR windows (common windows have already been changed) and a wall heater (not operational) but consider these cap ex and not included in the $5k.
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7 October 2024 | 16 replies
It's called Fraud by Inducement.OP does not understand how most wholesalers work.. its common knowledge that wholesalers do not use full disclosure to secure contracts not all but most..
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8 October 2024 | 36 replies
This is common when recording property deeds.
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6 October 2024 | 1 reply
This is commonly seen in the real estate brokerage industry (e.g., RE/MAX, Keller Williams).
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5 October 2024 | 3 replies
This is common among investors who want to act quickly and unlock liquidity from a property after closing.Cash-Out Refinancing & Seasoning Periods: Non-QM programs typically offer more lenient or even zero seasoning periods, meaning you can refinance or pull out cash shortly after buying or rehabbing the property.
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5 October 2024 | 6 replies
Holding company over separate entities is what I see common with the investors I work with.
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6 October 2024 | 12 replies
Thanks in advance,JK You can share ownership with friends by holding title through an LLC, a 'tenants in common' structure, or 'joint tenancy' structure.
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5 October 2024 | 1 reply
Below is my response to common points often brought up when it comes to the apartment building situation.1.