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25 May 2024 | 6 replies
Exceptions can be made for real changes in life circumstances like getting transferred far away for work, but expect that to be investigated.
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27 May 2024 | 23 replies
I have bought several properties before using conventional financing and usually a transfer of $25,000 would have to season in my account for 2 months.Is this requirement still in effect for cash offer buying.
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25 May 2024 | 2 replies
Hello Murray, Assuming the new owners are interested in selling, you'd want to offer enough to help them cover their transfer taxes, legal/title fees, other closing costs, and possibly their moving costs.
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27 May 2024 | 22 replies
It is "technically" simple to transfer title to a property, all you need is a properly drafted deed, signed, notarized, and recorded.
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25 May 2024 | 2 replies
Popular theme that can be difficult to execute however increasingly there are borrowers with pandemic era mortgages that are selling and the mortgage can essentially transfer (be assumed) by the next owner.
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26 May 2024 | 28 replies
The one and only time I've heard Dave Ramsey address the idea of "good debt" and "bad debt" with enough time given to make a complicated point, he talked about how difficult it is, specifically in real estate, to precisely calculate the risk of these investments.
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22 May 2024 | 6 replies
I currently have a Ginnie Mae loan and I would like to transfer title of the house to an LLC.
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24 May 2024 | 14 replies
I am trying to figure out how J and Dave got to $65,000 in the following section (I am reading the eBook version so page numbers won't correspond with the physical book): Towards the end of Chapter 2; "Finally, notice that the owner equity in this business totals about $65,000; because John is sole owner of the business, that $65,000 is the value that John transfers to his PFS and can claim as his ownership value in the company.”Everything up to this point was clearly explained on how they got to the number, except this $65,000.
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24 May 2024 | 2 replies
HOWEVER, it's an almost 100% bad idea for the holder of said loan to allow a non-vet to assume their loan unless they know that person.The VA loan that gets assumed by the vet transfers the entitlement to the new borrower.
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24 May 2024 | 3 replies
significant difference in a traditional mortgage where deed is transferred vs. a contract for deed. if I was the buyer, no chance I would do a CFD - I want title in my entity.