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16 October 2024 | 0 replies
Investment Info:Single-family residence other investment.
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17 October 2024 | 26 replies
The important points often glossed over are (1) is the buyer providing their personal guarantee to the seller for the note (2) is the seller maintaining a wrap position so they can foreclose in the event of default and gain ownership (3) is the buyer putting up additional collateral (4) how large is the down payment (5) what is the LTV (6) is this a personal residence for the seller or investment property (7) will the property cash flow and if so what will the cash flow be (8) is the property in a increasing, declining, or stabilized area (9) is the property being sold at market value, or above market value because of the low interest rate of the existing mortgage and (10) how experienced and what is the track record of the buyer, and is the buyer purchasing a property for investment or to live in or otherwise use.
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16 October 2024 | 9 replies
I have tried going through the conventional route of HELOC and Home Equity Loan for my primary residence.
15 October 2024 | 6 replies
Then I bought a bigger condo for our primary residence in 2022 for 275k with a conventional mortgage (5% down,1.5% APR).
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16 October 2024 | 6 replies
-We are closing on a primary residence in a couple of weeks that has a cottage on it that we will begin short/mid term renting upon close.
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16 October 2024 | 3 replies
I would strongly recommend looking at the BiggerPockets lender finder since all those lenders are familiar with the investor mindset even if this is for a primary residence :)https://www.biggerpockets.com/business/finder/lenders
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16 October 2024 | 7 replies
But you know enough to be able to fill in the blanks and get close... public records, utility companies, visiting with residents, walking the park and networking with other park owners.
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19 October 2024 | 16 replies
The more residents you serve, the more money you make.Gino
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17 October 2024 | 4 replies
We have offered they can terminate their lease at no penalty charge because frankly they complain a lot and are unhappy with the residence.
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15 October 2024 | 7 replies
My primary objective is to buy something within a few hours of residency.