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21 November 2024 | 6 replies
It varies deal to deal, on one property maybe up to 65% LTV, but if you have more collateral the more likely they can make something work.For example, I've done numerous deals where we place a 2nd on 4-5 properties and the lender feels comfortable lending x amount of dollarsThese are very non traditional loans and no two will ever be the same.
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20 November 2024 | 15 replies
You can search for their NMLS # as well, but in the private money/hard money space there are grey areas in certain states as to whether or not you need to be licensed.
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16 November 2024 | 2 replies
For non-primary residences, they have to follow all of the following rules to receive a permit: - the property must be a minimum of one (1) acre in size (designed as a precaution to disturbances)- The building standards of the underlying zone district must be met - Adequate parking is provided - Defensible Space requirements are met - Valid water and sanitation must be demonstrated - No more than five (5) bedrooms are in the dwelling As time goes on, they continue to become more strict on the rules listed above here, and are actively regulating it.
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20 November 2024 | 12 replies
My wife and I purchased our first-ever home in Viera, FL (on the Space Coast) for $430k back in Oct 2022 with 10% down using a 5/1 4.5% ARM.
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25 November 2024 | 16 replies
Understanding their cash flow is critical.I especially like your idea of communication clauses—non-responsiveness is a huge red flag, and setting expectations upfront can save a lot of headaches later.
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21 November 2024 | 305 replies
@Will Gaston I have to say this is one of the best threads on student rentals and I always try to send people to it when they ask about this space.
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22 November 2024 | 7 replies
This will help limit your liability on the non-homestead property without affecting your exemptions.3.
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20 November 2024 | 8 replies
If the lease is ending be sure you have given the proper notice of non-renewal of the lease.
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26 November 2024 | 46 replies
Lending favors w2 employment.Self employed have; Non of the above. exactly my point if your going to be self employeed you need to make a bunch more than your salary with bene's.
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23 November 2024 | 20 replies
I read some old posts where folks have suggested using non locking door knobs is that something tenants like ?