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5 February 2025 | 17 replies
Other lenders will specify a maximum LTV.Payment Options: If you allow payment deferral, note it here.
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22 February 2025 | 6 replies
A couple of things to note:1.
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21 February 2025 | 2 replies
You also have to check out your current lenders MAX CLTV rules because it may cause issues with the first DSCR lenders original note/agreement.There are some lenders that have CLTV rules or will not allow a 2nd lien if it does not confirm with their Max CLTV similar to a 'Due on sale" clause.
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4 February 2025 | 3 replies
Just wanted to share some notes on my experience with RentRedi.
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18 February 2025 | 18 replies
I want to note that bookings will transfer, but we're under no contractual obligation to honor them.
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4 February 2025 | 17 replies
He pays seller's note ("outside" loan), and then the seller turns around and pays his loan ("inside" loan).
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18 February 2025 | 51 replies
It would be great to compare notes and work together.
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18 February 2025 | 9 replies
In your case going to a fifth unit as noted above could actually reduce the value, so I'd be cautious of that since that materially degrades their collateral.
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18 February 2025 | 16 replies
Would like to connect and share notes.
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18 February 2025 | 6 replies
A few things to note-Loan payoff isn't part of the calculation of what taxable gain will be.