29 December 2024 | 9 replies
With actual cash, you just transfer it. yes, but you can still bid with lender approval - without appraisal contingency - you send in deal (app), it gets approved by lender its functionally the same as cash (except in true lightning speed situations where there is a quick auction with little time to prep but thats generally pretty rare I'd think)Right, but that's not cash or functionally the same as cash because the lender can change the terms at the last minute, as often happens with less experienced hard money lenders.
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2 January 2025 | 13 replies
If you live there and are currently renting, then there still is a pathway to house hack say a duplex and better your situation.
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2 January 2025 | 2 replies
HELOCs are specifically helpful in this case so long as you are consistent with paying it back in a timely manner for the next transaction.
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16 December 2024 | 6 replies
In my experience, it's crucial to be aware of these state-specific rules to avoid unexpected tax liabilities.
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23 January 2025 | 23 replies
This is highly lender-specific; there are no universal guidelines for DSCR loans like there are for GSE/Govvy loans.
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24 December 2024 | 9 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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15 January 2025 | 24 replies
And my #1 issue is I don't see any actions to address this in a meaningful, market specific manner.
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31 December 2024 | 9 replies
Assumptions: specifically allowed in city ordinances, mobile home manufacturing in the area, or that someone heavily marketed that area as a retirement location in the past.
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4 January 2025 | 11 replies
You can enforce either notice so you may not need to wait the full 90 days in this situation.
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6 January 2025 | 7 replies
It would definitely be fraud if this was the case, a recent post from an auctioneer talked about this exact situation, where they said the auctioneer was liable (different bedrooms/type of home example you don't have to read it) States would differ though and it doesn't seem black and white. https://mikebrandlyauctioneer.wordpress.com/2022/07/12/no-li...I do agree with you that it could very well lead to being burnt, however.