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19 June 2024 | 13 replies
Standard loan sizing 75-80% LTV; 1.20-1.25x DCR; 30-year amortization in Top & Standard markets.
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19 June 2024 | 2 replies
Quality Assurance:You can personally oversee the quality of work, ensuring that all tasks meet your standards and avoiding potential shortcuts that some contractors might take.5.
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21 June 2024 | 23 replies
fractionalized TDs and notes in CA is how we ran our HML companies it is standard operating procedures.the Broker holds the originals and think of the investors just like you would a TIC on a deed.. each investor has a % ownership and is spelled out in the TD and the Note.. now after the fact there can be partial assignments as well.
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18 June 2024 | 8 replies
Per the original issue, circling back to confirm that I connected with a lawyer I've used before and they suggested to just issue a standard termination of month to month tenancy which requires 30 days.
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19 June 2024 | 12 replies
Thanks, Gary Neely Gary, Just use you standard state contract and write out the terms of your seller financing in an addendum or on the OTP itself if there's lines for additional provisions.Be clear and concise.Example,Seller will carry a promissory note secured by a 1st position mortgage in the amount $97,583.00, at 6% interest, amortized over 30 years, witha a maturity date and balloon payment due 10 years after the closing date.Hope this helps and certainly get an attorney involved if you are not comfortable drafting the language.
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20 June 2024 | 16 replies
A standard rental policy will not cover short term activity and make sure the insurance company is ok with the sublet/arbitrage arrangement.
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18 June 2024 | 1 reply
I'm looking at basic homes with lvp floors, granite countertops, standard fixtures, nothing luxury.
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19 June 2024 | 0 replies
- Honest Question, Why do Car Fuel Standards Matter Anymore?
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19 June 2024 | 14 replies
There's no mention here of material participation and if their income isn't fairly high, there are probably better strategies and it might be a greater benefit to them to spread that depreciation out over a standard schedule.
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18 June 2024 | 4 replies
Closing costs are comparable to a standard conventional loan.