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17 September 2015 | 4 replies
As to other credits, a lender only allows amounts paid in excess of fair market rents based on the appraiser's finding the rent amount in the future, not as to what your agreement states.
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23 September 2015 | 18 replies
SELLER CONCESSIONSSeller concessions include, but are not limited to, the following:Payment of the buyer’s VA funding feePrepayment of the buyer’s property taxes and insuranceGifts such as a television set or microwave ovenPayment of extra points to provide permanent interest rate buydownsProvision of escrowed funds to provide temporary interest rate buydowns,Payoff of credit balances or judgments on behalf of the buyerSeller concessions do not include payment of the buyer’s closing costs or payment of points as appropriate to the market.Any seller concession or combination of concessions which exceeds 4% of the established reasonable value of the property is considered excessive, and unacceptable for VA guaranteed loans.
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15 September 2015 | 2 replies
3: At what point would I need to contact an attorney and/or an accountant for my investments, I want to cover myself but also not spend excess money?
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29 October 2015 | 4 replies
Any excess spending on an already 'rent ready' rental vs. buying another rental may be affected by whether or not is makes $en$e -- effect on incremental CF.
16 September 2015 | 0 replies
Land Trust, and care to not trigger a problem with 5 year look back for Medicaid, and excessive capital gains for current owner is desired.Advice/thoughts on all matters surrounding this deal are greatly appreciated!
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17 September 2015 | 3 replies
I was becoming mildly successful again, but I was not happy with dealing with the stresses of dummy business owners and guns put in my face for having to fire their employees due to excess staffing, so I quit my business and focused on teaching what I love which is video game development at a high school and college.
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18 September 2015 | 0 replies
Do you think acquiring multifamily properties 1-4 units and renting them out collecting rent payments from the excess rent minus mortgage payment , insurance , taxes , property management if you have it and any problems that may arise is a good idea and then doing a 1031 exchange to use the value of these properties when you sell to then put as a down payment on a apartment building .
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5 October 2015 | 4 replies
So if an investor provides 250k for me to buy 1-4 family properties, or small mixed use properties - is taking a 15% stake reasonable or excess to perform the described functions (assuming investor agreement).
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10 October 2015 | 16 replies
I only bid on homes with excess funds usually at the last couple of sales I plan on attending.
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29 September 2015 | 24 replies
It seems excessive.