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23 April 2019 | 1 reply
Maybe your standards are misdemeanors are allowed but felonies are a no go. 3 times rent.
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23 April 2019 | 0 replies
My only income is the rent and about $25k in consulting work.A local originator has quoted me the following for a no-doc loan:Closing costs per property:3% Origination fee (he said he may reduce this since I'm refi 2 loans)$750 legal doc fee$2950 servicing feeStarting Rate on a 30 yr fixed with interest only 1st 5 yrs: 6.25% LTVs <= 60% 6.75% for LTVs > 60% and <=70% 7.25% for LTVs > 70% and <=75% 7.50% for LTVs > 75% Adjustments: 0.50% added for borrower cash-out 0.25% added if borrow• 0.25% added if borrower / guarantor FICO is between 650-699 Are these fees and terms reasonable?
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26 April 2019 | 16 replies
My only income is the rent and about $25k in consulting work.A local originator has quoted me the following for a no-doc loan:Closing costs per property:3% Origination fee (he said he may reduce this since I'm refi 2 loans)$750 legal doc fee$2950 servicing feeStarting Rate on a 30 yr fixed with interest only 1st 5 yrs:6.25% LTVs <= 60%6.75% for LTVs > 60% and <=70%7.25% for LTVs > 70% and <=75%7.50% for LTVs > 75%Adjustments:0.50% added for borrower cash-out0.25% added if borrow• 0.25% added if borrower / guarantor FICO is between 650-699 Are these fees and terms reasonable?
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29 April 2019 | 8 replies
That being said for example in a city like Houston that gets flooded ever 10-20 years this seems like a no brainer as opposed to wood framing and drywall.
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30 April 2019 | 64 replies
He was a good engineer and not a business head; so for me it was a 'no'.
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9 May 2019 | 40 replies
Obviously NO to the rent reduction, At end of lease raise rent 3-5%.As for the dog if you have a no pet policy why would you consider allowing a pet.
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28 April 2019 | 4 replies
We still have 4 at home from ages 10-17 so it’s a no-go for us.
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26 April 2019 | 13 replies
By far my best deals are the ones where the initial look at the data was a NO GO.
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29 April 2019 | 13 replies
I always respond with a no, since I'm interested in rentals.
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28 April 2019 | 1 reply
Buying land at agricultural pricing at rates that foreclosures were going for 15 years ago made this property a no brainer.