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16 January 2025 | 5 replies
I just re-read and realized you're talking about getting loans for lien position 2, is that correct?
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31 January 2025 | 9 replies
Those certainly discourage contributing to the forums and that’s one area where a dedicated mobile app that leverages on device auto correct capabilities, could help.
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24 January 2025 | 11 replies
Nothing illegal about doing that, but if caught, the lender may call the loan due and if you don't correct the situation or pay the loan off, they willstart mortgage foreclosure.3) You could also go the HELOC route to tap the equity in the home, but the 12-month owner-occupancy will also apply AND the interest rate on the HELOC will fluctuate with the Fed Fund Rate.4) You could do a cashout refi as an investment property, but that will be at an interest rate 0.5-1% higher than owner-occupied rate.Suggest you meet with 2-3 lenders to explore your options about the above.Once you have access to funds, recommend you buy a 2-4 unit with 20-25% down. - You can buy owner-occupied, live in one unit, and fix up and rent the other unit(s).- If you're handy, recommend buying a property in the worst condition you can tolerate.
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5 February 2025 | 1 reply
If it is let me know and ill repost correctly.
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4 February 2025 | 10 replies
Another example is that with a tax auction it is common for all the interested parties to not be notified 100% correctly meaning they could in theory come back later and try to reverse the sale and take the property back!
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30 January 2025 | 6 replies
Though many investors bend the rules and possibly don't get caught, you have the financial situation to do it correctly.
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15 January 2025 | 3 replies
Quote from @Ryan Konen: You are correct that comping software like Privy, Propwire, and Propstream primarily rely on public records for their data, such as county assessor records, MLS feeds, and sometimes 3rd party aggregators.
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23 January 2025 | 5 replies
Small is easy to maintain as long as renovations were done correctly.
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4 February 2025 | 7 replies
If you don't do correctly courts will throw it out and you will have wasted a lot of time.Good luck!
22 January 2025 | 14 replies
Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.