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25 June 2024 | 17 replies
To get the underwriting based on solely a new appraisal, you'll need a ton of evidence - enough to convince an underwriter or risk officer who gets to make the call purely on internal company policy and not tied to conventional or govt published guidelines.All this being said, if you're already at a 1.0x with the current appraisal for the loan amount you want, going to 1.1x or 1.25x would only be marginally beneficial unless your lender wants 1.25x for some reason. 1.0x is generally enough to fund for most investors at or below 70-75% LTV.
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25 June 2024 | 17 replies
I've discovered that their associates are based internationally, and the phone number they provided (310) is a fake Skype number.
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25 June 2024 | 9 replies
This clause allows the lender to demand full repayment of the loan if the property is transferred.
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25 June 2024 | 1 reply
Many cities have implemented CAP's or maximum allowable licensable dwellings used as vacation rentals but some areas allow active STR permits can transfer to new owners upon sale.
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25 June 2024 | 5 replies
You also owe transfer taxes which vary by state and county.I am not a CPA I am not an attorney this is not tax advice.
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25 June 2024 | 2 replies
Seller concessions and other creative capital solutions are generally not available, assuming a loan is effectively transferring the existing loan to the new buyer once the balance (cash portion) has been satisfied at closing. - Income deficiency.
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25 June 2024 | 11 replies
However, keep in mind that in some states including mine (PA) that you get hit with property transfer tax twice.
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28 June 2024 | 17 replies
Once you have a solid system in place where you know your numbers, you can start to delegate some of the calling to an Inside Sales Agent (ISA) so they can live transfer the hottest leads over to you and you can save a lot of time.
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25 June 2024 | 11 replies
Topic No. 701, Sale of your home | Internal Revenue Servicehttps://www.irs.gov/taxtopics/tc701
25 June 2024 | 4 replies
You can always transfer the prop to the LLCAll the best