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21 August 2024 | 4 replies
.), you can legally pay a referral fee on a commercial mortgage loan, as long as the referring source does nothing more than call you with a name and phone number of a prospective borrower.However, if the referral source — say, a commercial real estate broker — starts to negotiate terms (rate, points, term, etc.), then he is working as a commercial mortgage broker.
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21 August 2024 | 10 replies
As I'm sure you understand already, the ra-ra gurus of real estate try to say as little about eviction as possible.
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18 August 2024 | 3 replies
But if you later apply to another loan and you have, say, a $0 balance on your heloc, they might look at it similarly to having balance on a credit card, which doesn't really add to your DTI.
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17 August 2024 | 17 replies
i bought a property last year to use as a Short Term rental in PCB. happy with my efforts this first year. i do not say as an Airbnb, as i got very few ABB rentals last year, mostly VRBO and direct booking.
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19 August 2024 | 42 replies
To say a couple thousand is highly downgrading what people pay to get into the program.
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14 August 2024 | 3 replies
Others say a visual inspection is sufficient, unless there's a reason to drill, and charge between $500 - $1K per inspection.
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14 August 2024 | 1 reply
I’d say a fantastic episode for her to check out would be Episode 381: “How a 22-Year-Old Newbie Bought 8 Properties in 2 Years With Just $20k.”
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15 August 2024 | 6 replies
Hey, there, I'm currently getting approved for a single family loan to convert a large square footage Single family Into a 4 unit, then 5 units apartment building.cash out refi later and put that cash into a bigger building deal. also say a hud multifamily loan requires 10% down and 10% in the bank ( of purchase price ) but do i have to do this?
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15 August 2024 | 9 replies
Hey Bruce, I have a moderate amount of rehab experience and wanted to say a "walk the property" service would be really helpful for me!
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13 August 2024 | 4 replies
The problem is there are a few more considerations versus say a 4 plex or similar investment.