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25 September 2024 | 37 replies
I would disagree with number 2 - in this environment, heavy rate buydowns are a common tool in the toolkit for lenders and borrowers to make deals work and are in no way indicative of "not being well-capitalized"That’s a fair point in regards to doing a buy down, we see that quite often but we roll the buy down into the loan so those aren’t paid at closing, thus not costing the borrower funds out of pocket at the time of purchase or refinance.
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21 September 2024 | 14 replies
Holding onto a property merely for tax considerations is a dangerous gamble.But if you want to gamble - yes, selling in a year without a W2 job usually saves on taxes.
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23 September 2024 | 2 replies
I'm fairly certain if he was required by probation/parole to register as an SO and he didn't, there will be a warrant for his arrest.
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23 September 2024 | 9 replies
@Armando Carrera research and develop your own typical tenant qualifications so you don’t accidentally violate fair housing, landlord/tenant or local laws on occupancy limits based on bedroom quantity/size required for kids, number of unrelated persons in one house, etc.
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26 September 2024 | 17 replies
As long as you stay under four units, you're not governed by the Fair Housing Act, which has some accessibility requirements.
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27 September 2024 | 66 replies
Fair enough.
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23 September 2024 | 4 replies
I'm not sure if this is BRRRR deal or flip but the numbers are fairly accurate.
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22 September 2024 | 2 replies
3% on a commerical new build seems fair, they aren't easy loans to get done.I wouldn't be paying anyone anything upfront however.
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23 September 2024 | 10 replies
I am assuming the standards are fairly similar.
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22 September 2024 | 2 replies
I consider myself fairly financially literate, and I had never considered this option.