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24 January 2025 | 3 replies
We've sold 65+ homes and the biggest request we get from our Buyers is help with closing costs.Most of our deals we're providing anywhere between $5K-$10K to help Buyers offset the cash requirement to purchase a home.Even in today’s "high" interest rate environment, many Buyers prioritize closing cost assistance over an interest rate buydown.
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3 February 2025 | 3 replies
I ended up having to hire an attorney, file for a writ of assistance, and have the sheriff serve the writ by showing up and physically removing the occupants.
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28 January 2025 | 12 replies
Any advice or assistance with Subto would be greatly appreciated.If you're willing to share your knowledge or connect with my son to offer some mentorship, please reply to this.
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1 February 2025 | 14 replies
The Act specifically prohibits lenders from enforcing the due-on-sale clause when a residential property of less than five units is transferred into a revocable trust where the borrower is a beneficiary.2.
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18 January 2025 | 15 replies
However, the LTV that you will be allowed to borrower will be less, in the 60-70% range max.
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2 February 2025 | 7 replies
In Tampa here as well.That is a question for your asset protection attorney, but most of our borrowers/clients in FL have LLCs.
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16 January 2025 | 6 replies
Would recommend.I will be using the firm for my 2022 tax return (1040 and 3 LLC's), expensive (about $5k-6k) but given they've assisted with the tax planning I'm hopeful the synergy will provide the best outcome.Happy to answer any add'l questions.Pat Hi Pat,Just want to confirm, that is HallCPA fee for filling 2022 tax for one 1040 and 3 LLCs?
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21 January 2025 | 18 replies
Quote from @Beth Johnson: We pass all loan servicing charges through to the borrower including set-up fee, monthly fees, and any servicing charges such as payoff demand generation, and loan close out fees.
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29 January 2025 | 7 replies
There are 85% LTV DSCR loans but expect a higher rate-sometimes 1% higher for the same borrower profile compared to a 80% LTV.
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29 January 2025 | 4 replies
Many of our borrowers/clients have one LLC that owns the building and another than own the operating business.