Account Closed
Post Closing Audit
8 January 2025 | 1 reply
.: Hello,Did anyone received post closing audit from mortgage company.
Donnie Jones
brand new with high aspirations to learn more
16 January 2025 | 4 replies
It'd be nice if I could receive help or tips from anyone (new or experienced).
Lorenzo L.
Buying my first property (NEED ADVICE)
15 January 2025 | 39 replies
They further out the ripples go from the stone, the less appreciation your receive while the cash flow increases.
Summer Shelton
Income from property considered when applying for loan as primary residence
11 January 2025 | 8 replies
Seriously, it's important.And as mentioned above, the amount of rent you receive on multi-family properties is based on 12 month rental comps.
Treza Edwards
New Construction Decatur, AL
14 January 2025 | 3 replies
I have 0 experience ground up construction loan program nationwide that does NOT require GC to sign anything, only provide proof of 3 C/O's (certificate of occupancy) over the last year I.e. built received occupancy permission now unit is on market or habitable. 700+ FICO I can get you 80%LTC loan to cost on the project on ground up construction for 1-4 units.
Eyal Goren
Is Subto legal?
14 January 2025 | 23 replies
The "due on sale" clause (DoSC) obligates the seller to notify the lender if the property is sold.Failing to do so would place the seller in violation of this agreement, giving the lender the right to accelerate the loan.But no laws are being broken here.So, subto is neither legal nor illegal.Second, it only works because most lenders are more interested in receiving payments than in invoking the DoSC clause and foreclosing on the property.But, it can work, provided seller and buyer are both on board and the proper process is followed.
Dena Sommers
Partial Owner Financing Question
15 January 2025 | 2 replies
Your name and credit would stay with the existing note, which you would keep paying on - ideally yourself with money you receive from the "buyer", because if they don't pay your credit is wrecked and your house is in foreclosure.If you search on here you'll see everyone and their brother looking to do Subto and it's a nightmare unless the buyer has the funds to pay the note off if/when the original lender figures out you don't occupy the property any more and are attempting to do what you want to do, since most loans are going to specify that performance.
Fulati Paerhati
What is the good location to buy a rental property for 250k cash ?
31 January 2025 | 57 replies
You should have a chat with your accountant, if you had a loan on the property, you may need to buy a property for more than the cash you received to defer 100% of the gain.Best of luck
Noah Laker
TAXES: Divorced client wants to sell
17 January 2025 | 3 replies
With that she can determine, of the cash received how much should be set aside for taxes, then gift the ex-spouse a potion.
Jerry Chilimidos
SDIRA lending and borrowing.
24 January 2025 | 16 replies
Option D: you are considered a "disqualified person" to your IRA and as such are prohibited from engaging in any transaction in an IRA or receiving any benefits from the IRA (directly or indirectly), therefore I strongly suggest you avoid this option if you wish to stay out of trouble.