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16 January 2025 | 8 replies
You looked past a red flag right at the outset:"When application was made tenant was I am not going to to have my puppy with me so do not need pet fee or application"Total red flag.
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23 January 2025 | 7 replies
The benefit is significantly less red tape compared to working with your traditional local banks who also do new construction financing.
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22 January 2025 | 21 replies
You won't be able to use conventional financing and must use a non-recourse loan which typically require 40% down.
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7 February 2025 | 1 reply
Hello! I am looking into purchasing a second (vacation) home and would love to hear your thought on the pros and cons of going a conventional 30-year second mortgage vs. using a HELOC or Home Equity Loan on my Primar...
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31 January 2025 | 3 replies
When I was pursuing that at one point I only had 1 out of 50 applications reach back out.
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6 February 2025 | 3 replies
Assets identified in this study include:Standard windows and doorsInterior ceilings and wallsBasic plumbing and electrical systemsBuilding structural elementsBasic HVAC componentsThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.
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7 January 2025 | 5 replies
Quote from @Guillermo Perez: Does anyone have experience with seller finance?
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11 January 2025 | 13 replies
Our lender has informed us that we need 12 months of rental history to use the actual rent for financing purposes, or we must rely on the appraiser's fair market short term rental value.
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12 January 2025 | 1 reply
It also features a minisplit HVAC system and PVC exterior covering.We plan to market it as a vacation rental, given its potential appeal to eco-conscious travelers and those looking for a distinctive getaway experience.I’m reaching out to see if anyone has experience with selling or financing geodesic domes.
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12 January 2025 | 10 replies
Our lender has informed us that we need 12 months of rental history to use the actual rent for financing purposes, or we must rely on the appraiser's fair market short term rental value.