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4 August 2024 | 13 replies
It's very easy for those "prying eyes" to see your transfer from the original title to the LLC (in California?)
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3 August 2024 | 6 replies
I am originally from CA and am now in Texas, but I have a handful of properties and am a licensed Realtor, so I'd love to connect and help you out!
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5 August 2024 | 8 replies
For BRRRRs, seasoning requirement would be a big hurdle as conventional generally has a 12 months seasoning now.If you're focused on building relationships, the best would be to find a reputable and reviewed lender/broker and talk to the account executives/originator.
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6 August 2024 | 49 replies
Originally posted by @Rick Gutierrez:It sounds that Vestright is teaching a strategy called Land Banking.
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5 August 2024 | 6 replies
I would also shop with a local mortgage broker as currently United Wholesale Mortgage is running a 125 bps special on Government refinances through the end of September meaning if you did go FHA streamline then you should be getting a rate of around 5% (borrower paid)4) If you havent asked, at 700K+ loan tell your lender you want to go Borrower Paid and you expect them to only charge a 1% origination charge fee.
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5 August 2024 | 2 replies
A few days later my banker called with some great news, thay had approved the loan and even upped the original amount to help cover some other expenses.
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4 August 2024 | 5 replies
When you originally applied, you qualified based on both of your incomes.
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4 August 2024 | 5 replies
I would offer interest on the original loan (thinking 5 percent).
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3 August 2024 | 17 replies
Originally posted by @Kevin Brown: @Patrick L.
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5 August 2024 | 8 replies
lately, I’ve been thinking about many different strategies regarding real estate.I originally did wholesaling for a few months but ended up stopping bc it just took up too much of my time especially with my full time job.second, I thought of having rentals but I was hesitant bc I live in NJ & the rental laws here aren’t the greatest and it’s hardly any deals that can justify for the rent to cover the mortage in this expensive market.Right now ive been thinking about possibly flipping properties in my own back yard NJ or possibly out of state where home prices are much lower in certain markets.Anyone have advice if I should possibly flip properties where I live in NJ (blue state) or possibly go into another market and flip virtually..?