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19 June 2024 | 3 replies
Also, just an FYI if the condo/townhouse was built prior to 1978, it is likely subject to Los Angeles Rent Control.
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19 June 2024 | 4 replies
So, with no foundational knowledge of real property, and no capital, his only alternatives are (1) “bluff” the homeowner into thinking he has the money and intent to close the purchase himself and or convince the homeowner he has an extensive list of cash ready interested buyers (“partners”) with whom he’s done dozens of prior deals or (2) pack up shop, write off the money invested in mentoring to a worthless investment, and decide IF real estate is right for home.
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18 June 2024 | 4 replies
I know it’s buildable, with two prior structures.
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18 June 2024 | 0 replies
The “headline” number or main number typically seen in media reports, is the percentage change in inflation versus the prior year.
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19 June 2024 | 32 replies
Both FNMA and FHLMC permit this, under the following circumstances: Notes: For all such transfers affecting mortgage loans purchased or securitized by Fannie Mae on or after June 1, 2016, the transferee is not required to occupy the propertya limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.Citation: D1-4.1-02: Allowable Exemptions Due to the Type of Transfer (04/13/2022)Now, you will still have the Note and reporting in your name individually and will still be personally responsible for the mortgage and most likely, the manner of transfer will enable any litigant to pierce the veil of your LLC, but you'll have what you wanted, for whatever reason.
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18 June 2024 | 9 replies
Prior to this, I had 2 years of good tax returns from 1 stable job as well as my side business.
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23 June 2024 | 105 replies
To follow up on a prior post, Its' pretty awesome.
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18 June 2024 | 16 replies
This is a group with 17 yrs of experience as a company, but the founders worked in the industry for over 20 years prior to that.
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18 June 2024 | 13 replies
I have built a lot of websites in prior careers but what you will need is a way to show the availability calendar to sync with all your other platforms and the ability to take direct transactions through Stripe or Square.
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18 June 2024 | 2 replies
So again, my only concern with Lifestyles is that it has a draw to many newbies, but most newbies are not your father, they are guys wanting to do deals themselves with likely no real estate experience prior to joining Lifestyles.