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1 December 2024 | 377 replies
Regular Conventional?
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2 December 2024 | 6 replies
The only reason to do a cashout refi is to replace expensive debt with cheaper debt or use the money to purchase more investments that make more money than the cashout refis debt service payments.
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4 December 2024 | 8 replies
You'll likely pay high premiums, face lots of claim denials due to "pre-existing conditions", and deal with service delays.
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29 November 2024 | 8 replies
You can have some student housing, regular long-term rentals, and even some STRs if you choose.
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12 December 2024 | 49 replies
Add to this the new rail link from Cancun to Chetumal stopping at Tulum which is planned to open by 2025, at which point property values will soar, making right now the optimal moment to get a foot in the door.Back to us, Lichterman Rogers Development Partners (incorporation pending): We are all set up and ready to roll offering design, management, legal and facility management services, and are looking to find individual investors as well as major equity partners to get our first development off the ground.
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23 November 2024 | 15 replies
You can not charge anything extra for a service animal.
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2 December 2024 | 19 replies
I am looking into more cost friendly options as I am paying for a registered agent service.
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2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.
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25 November 2024 | 3 replies
Yes use a servicer like FCI or Madison management or others.
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3 December 2024 | 7 replies
But these days, it’s hard to find decent properties where the numbers work as far as covering the debt service with rental income.