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27 August 2024 | 43 replies
When I worked with them, they were extremely reasonable with their borrowers when credit was not available to figure out working solutions, which steamed from the due diligence and experience they did on the borrowers.Corey Dutton, DFA does not prevent HML on primary residence, it does put rules around loans as they relate to primary residence.
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26 August 2024 | 24 replies
This scenario is extremely common and while I exaggerated numbers for effect, I have had this conversation with clients and their CPAs and the client is usually surprised when you put the numbers on paper.
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25 August 2024 | 23 replies
I did speak directly to several long term investors and they thought it was extreme too.
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19 August 2024 | 1 reply
Specifically, I'm interested in understanding the challenges and experiences associated with the barment process and the subsequent quiet title action after the redemption period concludes.What complications, if any, have you encountered during the barment process or while pursuing a quiet title action in GA?
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27 August 2024 | 30 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!
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22 August 2024 | 1 reply
For years I've read countless opinions and articles about "good cause eviction," quietly dreading that it would eventually be the law in NY.
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24 August 2024 | 9 replies
Extremely Grateful!
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22 August 2024 | 1 reply
.- lower turnover- easier on the units when they do move- quiet and less disturbance than traditional, younger- for fixed income, consider partnering with the local housing authority for SEct 8 vouchers, then raise rents accordingly - guaranteed money & the Sr. only pays a portion (if they qualify)Traditional renters- Higher turnover- Higher turn costs- More volatile - higher bad debt- More drug related activities- Adding in children that are hard on units- Higher eviction rates and legal costsConsider all angles before making a decision with the changes.
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23 August 2024 | 4 replies
Piercing the Corporate Veil is extremely easy here.
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26 August 2024 | 13 replies
Take rent/2 - p&i to get quick (but not extremely accurate) realistic cash flow.