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14 November 2024 | 10 replies
Is it industry standard to use Passthrough's, as the fee's collected for certain item's are simply collected by the management company, then paid directly to the property management company, making the transactions net to zero for presentation?
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9 November 2024 | 17 replies
They are pretty easy to do transactions with.
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14 November 2024 | 5 replies
My goals would be to increase monthly cash flow and have more access to the property's equity for things like Cap Ex, etc....Here's a blurb from a lender's website:"By combining banking functionality with home financing into one dynamic instrument, borrowers are able to save tens of thousands of dollars and years off their loan""Designed after popular programs around the world, the All In One First Lien HELOC is the nation’s first transactional offset type-mortgage program.Home financing and banking combined:Deposits lower your loan’s principalFunds remain available for expensesInterest is calculated on the average daily balanceThis lowers the monthly interest paymentsTens of thousands of dollars can be saved over the life of the loanMortgage freedom can be achieved in half the time or less
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13 November 2024 | 2 replies
But it wasn’t a smooth transaction.
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11 November 2024 | 4 replies
Land trusts can be an ideal choice in Florida, especially when working to shield properties and address Due on Sale (DOS) clause concerns effectively.
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13 November 2024 | 4 replies
Also at closing: You should provide proof that the lender is named as such on a valid hazard insurance policy effective at least on the day of closing.Regarding the closing to sell or refi, yes, your lender will just need to provide a payoff letter with wiring instructions to the closing agent.
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14 November 2024 | 7 replies
Has anyone had experience with this type of transaction?
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12 November 2024 | 4 replies
Quote from @Suzette Rodriguez: Now that elections are over how will the new president in office effect the real estate market?
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12 November 2024 | 26 replies
No I am a transactional lender.
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14 November 2024 | 9 replies
@Carrie Lane you'd have to prove the PMC directed the pest company to add the screens.Otherwise, you'd have to go after the pest company.Not sure what you would actually win to make it cost effective.