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19 July 2024 | 16 replies
If no mortgage, you’re looking at about a 5 cap…These properties don't require special financing, with the exception that the lender needs to be okay with loaning on a non-warrantable condo.
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18 July 2024 | 3 replies
However, the statute provides for exceptions that are important for CA landlord’s to understand.First, the statute expressly states that the one month limitation does not apply to rental agreements entered into before July 1, 2024, so if you have an existing security deposit of two or three times the monthly rent, you do not have to reduce that security deposits to comply with the new law.
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17 July 2024 | 4 replies
I browsed for trustee sale in North Carolina but nothing coming up, except the the listings on Xome.com for online bidding
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18 July 2024 | 3 replies
Due to the market appreciation during the last few years of regular payments I was able to remove the PMI from all loans except for one.
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18 July 2024 | 1 reply
There are certainly exceptions to this (as in the opposite of neglected assets) but overall if a seller is in a position to play lender, they have business acumen.
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19 July 2024 | 12 replies
Again, it's not about owner financing of real estate.Section 1274 that quite attractively mentions exceptions for selling personal residence and for any loan under $250k.
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18 July 2024 | 5 replies
Since you said the sales price is $180000 and loan around $165000 so Mom needs a down payment plus the costs.The seller may lose a portion of their entitlement, not knowing their situation, cannot speculate but the loan is small, so perhaps a percentage of the entitlement.The seller doesn't have to stay one year, seller can move and ask for exception, seller cannot rent the property in the first 12 months.
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18 July 2024 | 23 replies
They all said the their 2nd home loans, without exception, trigger a due on sale clause if the property is moved to an LLC.
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19 July 2024 | 15 replies
Even if you meet the exception for an owner/occupant or number of properties, it’s best to know them better than your tenants do.
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19 July 2024 | 6 replies
Triple Net With some exceptions, Triple Net Expenses can change year over year as the property expenses change.