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21 September 2024 | 71 replies
Banks have tightened their lending requirements which aren't allowing most people to qualify.3.
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20 September 2024 | 5 replies
I recently closed a primary residence owner occ residence in Malibu, CA, qualifying using 12 mths bus bank statements for a dispensary owner.Are you trying to purchase the commercial property and dispensary business and inventory?
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20 September 2024 | 3 replies
The biggest qualifying factor is positive cashflow.
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19 September 2024 | 5 replies
But none qualifies with just one person’s income.
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19 September 2024 | 43 replies
There are handful of crowdfunding lending companies emerged lately.They all seem to share a need to be an accredited investor to start investing.In order for an individual to qualify as an accredited investor, he or she must accomplish at least one of the following:1) earn an individual income of more than $200,000 per year, or a joint income of $300,000, in each of the last two years and expect to reasonably maintain the same level of income.2) have a net worth exceeding $1 million, either individually or jointly with his or her spouse.3) be a general partner, executive officer, director or a related combination thereof for the issuer of a security being offered.How strict is the accreditation requirement is being followed?
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19 September 2024 | 5 replies
Simple, the MTM tell them they need to go, I am not certain of PA laws, but I think a 30-day notice is sufficient, and or cash for keys Well my lender said I can not qualify for an owner occupied loan unless one of the properties is vacant.
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18 September 2024 | 4 replies
Hello everyone,I'm considering purchasing a triplex with the following unit mix:2 apartments for short-term rental (STR)1 apartment for long-term rental (LTR)Questions Does this mixed-use property (80% STR, 20% LTR) still qualify for the short-term rental tax loophole?
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18 September 2024 | 2 replies
Im worried the home equity loan will be a problem in qualifying for the 500k second mortgage needed for my second multi family unit.
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20 September 2024 | 9 replies
@Luke Davis If you can qualify for a conventional loan that is probably going to be your best bet.
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18 September 2024 | 6 replies
Second is partnering with a great lender who can help you navigate including potential rents to help you qualify for more opportunuities.