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10 February 2025 | 8 replies
Quote from @Anshuman Thakur: Can someone please shed some light on how- convert 401k to SD IRA- how to use SDIRA to buy properties- how much down payment is typically required if we are using SDiRA to only fund downpayment on a multifamily CRE, and which banks typically work with SDIRAs- how does LLC structure- property management and cash flow work in this situation?
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18 February 2025 | 8 replies
sub to is simply taking over payments, it is not assuming the loan.hope that helps
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11 February 2025 | 11 replies
I do agree with @Jules Aton though, the best option may be to wait and save up for your down payment.
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16 February 2025 | 7 replies
With you being qualified for an FHA loan on your next home that you're purchasing, will you be using the rental income from your departing residence to offset the mortgage payment on that property?
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21 February 2025 | 3 replies
The lender should be able to go off the interest only payments for their DSCR calculation, and what this allows for is a higher DSCR, and as a result, higher/more allowed LTV.
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9 February 2025 | 2 replies
For example, if the loan officer asks you what your monthly payments are and your mother-in-law moved in with you because she is struggling financially and you are paying her car payment, don't share that you are paying her car payment every month.
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7 February 2025 | 40 replies
Safeguard strung me along for several months of late partial payments and very little communication.
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12 February 2025 | 4 replies
I've worked with some Canadians buying here in Ohio.Indeed, rather than selling your stocks to fund investments (and lose out on any potential price appreciation and dividend payments, as well as incurring capital gains taxes), a nice alternative is to borrow against some percentage of the holdings.You would start with the brokerage where you hold the stocks and see what their loan program looks like for the account you hold.
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23 February 2025 | 3 replies
Most of the population is relying on card or electronic payment options.
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21 February 2025 | 1 reply
Hi Wendy,Coming from a Banker in most cases the Heloc is a Line of credit you only pay on the amount you use and a Heloan is the bank/lender gives you all cash.Lets say you borrow $10K as a heloc and in the first few months you take out $1500.00 your payment is only going to be based off the $1500 and not the $10K because the rest in the line of credit (LOC) not being used - Same as a credit card.