Brody Veilleux
“BRRRR” a primary residence
23 December 2024 | 24 replies
Federal programs will require you to use GC/licensed folks for a lot of the work and they will get reimbursed by the institution that your loan is with; many GCs don't want to wait on the float time of requesting funds and getting them.Depending on the program and rehab/condition of the home, you may not be required to live in the home (think black mold remediation...bank isn't going to put you in a compromised position) however they may have min/max of when you need to move in.
Marcus Welson
1031 exchange identification deadline extension
9 December 2024 | 2 replies
Proc. 2018-58 extends the deadline in cases of federally declared emergencies and the exchange is a transaction governed by Rev.
Caleb Johnson
Hard Money Lending Questions
20 December 2024 | 14 replies
NMLS registration is a bonus because you can look them up on the federal registery to make sure they are real..
Kyle Fitch
Why Real Estate Over Stock Market?
6 January 2025 | 57 replies
So far, I’ve only invested in stocks and the idea of investing in real estate seems somewhat risky to me.Kyle, A couple of years ago, the Federal Reserve Bank of San Francisco released a groundbreaking research paper called "The Rate of Return on Everything, 1870-2015".
Ben Lindquist
Qualified Intermediaries - Any good or bad experiences?
17 December 2024 | 8 replies
I recommend you find a qualified intermediary who:Will not commingle your funds with other clients.Holds a Fidelity Bond with Errors and Omissions Insurance.Member of the Federation of Exchange Accommodators and Better Business Bureau.Wire Transfer Security measures to counter wire fraud.Have a great day!
Ben Johnson
Rental Income only - HELOC (accessing equity in hard times) HELP!
15 December 2024 | 12 replies
I have $150k cost basis$700k sale price ($420k to loan, $280k equity)$550 Cap gains20% Federal $110k11.3% CA $62kTotal Tax $172k - Granted not everything, but a very expensive route to take.
Spencer Manning
Section 8 (HCV): Do government funds ever run out? And other questions.
13 December 2024 | 5 replies
From my limited understanding of how they work is that S8 is a federal program that the local HA apply to so the funding is "Unlimited" as in that the local HA isn't individually funded.
Tekoa Glover
Am I entitled to a denial letter
13 December 2024 | 6 replies
NOPE these are not federally or state regulated loans or lenders they owe u NOTHING.
Bob Beach
Seller Financing. Good idea?
19 December 2024 | 13 replies
I saw an offer like this one recently with a Navy Federal bank statement that "had $700K" in the bank and it seemed legit.. but the LLC wasn't active with the state and they had assignment of contract language all over it.
Kiyana Hancock
Fannie Mae 5% Down Multifamily Loan for out of state purchase
12 December 2024 | 6 replies
That's a huge deal and could result in Federal jail time.