20 May 2021 | 2 replies
The tax office says he is not the owner and even if he doesn't sign within 2 days, I am still the owner and have another 3 yrs to redeem.
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20 May 2021 | 7 replies
Hold property and cash-out refi whenever(now or 3 yrs) u find anotherattractive property.
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9 June 2021 | 9 replies
May 1st was day they had to be out by.2nd floor has 3 adults living there: Tenant A (Mom ~50 yrs old)Tenant B (Tenant A’s Brother ~50 yrs old), Tenant C (Tenant A’s daughter.)
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29 May 2021 | 3 replies
I'd suggest hiring a professional or really digging into this yourself.My background: over 8 years in environmental consulting (13-present), 6-7 yrs doing floodplain development permitting across the country for telecommunications, commercial real estate, and oil & gas.
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26 May 2021 | 11 replies
In short, I usually recommend the following:First) Check with local banks and credit unions, they'll usually offer the highest LTVs at the best terms, lowest closing costs (albeit a 25-yr term is most common with these guys)If going this route, most will do a Global DTI and require: PFS, 2 Yrs Personal & Business Tax Returns, SREO, Previous Year and YTD Profit & Loss, Balance sheet on entity (if seasoned), 2 Mos Bank Statements, Rent Roll, Pay stubs, T-12 Financials on propertyIf the above isn't gonna be a fit, then:You can pursue the "Secondary Market" lenders.
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24 May 2021 | 5 replies
But the last time I reviewed there statements was about 1.5 yrs ago so maybe the numbers are a bit different at this time.
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25 May 2021 | 2 replies
I have been flipping for the past few yrs here in Central Florida and am interested in pursuing this deal with an intention of doing the townhouses, but my lenders won't lend me the money due to experience since I have only been flipping.
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25 May 2021 | 5 replies
Has the 1960s property been fully renovated in last 3-5 yrs, while 2009 build is in original condition?
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25 May 2021 | 6 replies
A fully remodeled kitchen now, owned for 20 yrs, will likely need completely remodeled for the sale, to get top dollar.
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2 June 2021 | 13 replies
The 5 yr. term worked great over the past 10 to 15 yrs when interest rates stayed very low and extremely low but rates are more likely to rise making that 10 yr. rate lock more appealing now than any time in the past 10 yrs.