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20 November 2024 | 9 replies
There are lenders who can do a cash out refinance for the new appraised value after three months so it can be a good choice for an investor who's doing a BRRRR.These loans can work for investment properties that are long term rentals, short term rentals, non warrantable condos and condotels.
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21 November 2024 | 39 replies
Absence fraud, the success of the limitation will often depend on action which regard the entity as separate from the individual and other entities; separate bank accounts, attention to organizational structure, filing of entity documents, non commingling of funds, etc.
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26 November 2024 | 3 replies
I was on a Senate Steering committee way back in 85 on how to deal with all the platted antiquated lots in CA. there are millions lots created before the modern rules and these lots exist today but many are not buildable and are traded back and forth from tax sale buyers to retail buyers who dont realize their 5k lot in CA is non buildable.So there was a big conference in FT.
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21 November 2024 | 7 replies
(The Fed doesn't dictate mortgage rates) Pray that Trump actually gets a handle on government spending.
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27 November 2024 | 16 replies
Yes, I would take non-responsiveness as a red flag.
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23 November 2024 | 9 replies
Quote from @Jesse LeBlanc: @Jay Hinrichs I know you'll see this soon, might as well tag you ;) good work naming names is the only way to protect the public.. these schemes have been going on for years..
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25 November 2024 | 11 replies
Generally there is consensus that DSCR Lenders can only offer a 1% prepayment penalty for up to 3 years in MI, but some lenders have recently reportedly been flaunting this rule - I would just tread carefully here in this area, generally not advisable to get potentially tangled up in a flawed legal doc with a non-sophisticated or fly by night lender
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23 November 2024 | 3 replies
You'll want to make sure multiple banks look at the deal to see general appetite for financing.What happened to us is we took over a string of condos from a non bank lender that foreclosed on the properties.
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23 November 2024 | 2 replies
Purchase price: $125,000 Cash invested: $50,000 I am currently looking for properties for a newly formed non-profit group that wants to supply affordable housing for disabled veterans in the San Antonio, TX, area.We are looking for SFH, Dups, Trips, or Quads to rehab and meet ADA standards for hold rentals for the disabled veteran community in SA.If you know of anyone looking to sell a property that might fit our criteria please reach out and give us some support for the disabled veterans community in SA.