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4 November 2015 | 36 replies
I had joined Broward and have really been contemplating going to their event on the 4th but it really seems like just a big sales pitch judging by the e-mails I have received (I may be WAY wrong on that assumption)Thanks for the info!
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7 January 2016 | 16 replies
I then plan to place offers based on calculated target price, and through the inspection period verify my assumptions through Contractor and PM walk throughs.Below is a recent listing that I'm contemplating making a low offer on based on a walk through yesterday, and would appreciate any feedback:Property is in a C+ area (For those Metro Detroit investors, West Dearborn), and is Bank Owned. 3BR, 1.1 BA, 1,164 Sq FtAsking price is $64K.
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3 November 2015 | 10 replies
., @Mike Wood, @ J.o. beardI am contemplating an agency to handle it from now on and I shift my attention to active investing
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2 November 2015 | 1 reply
No experience to share but I agree it could be a solid option.Creates jobsBetter control and reporting to you.I've contemplated PM in the past and the reviews and costs have always kept me away from using them.
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4 November 2015 | 5 replies
We're contemplating making an offer, contingent on the inspection of course, but to make sure that the inspector notes the cracked pipe on the inspection report so that we can still address the issue.I know this isn't really the hardest issue to overcome, but I want to know what you experts have to say about it.
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5 November 2015 | 2 replies
Nothing in this analysis should be construed as legal advice and relied upon, as each transaction must be separately analyzed.Further, I strongly recommend anyone seek independent legal advice on any specific transaction contemplated after January 10, 2014 prior to any consummation`````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````Dodd-Frank Summary The Dodd-Frank Act took effect January 10, 2014 and changes the rules for seller financing for those not qualifying as exempt.The most relevant changes are: Requires every lender to consider the borrower’s ability to repay the loan • Requires that lenders consider at least 8 factors applied against reasonable underwriting guidelines • The Lender must write a “qualified loan” • Requires lenders to wait at least 120 days of delinquency before foreclosing • Dodd-Frank combined with the SAFE Act in the various states, will require all owner finance transactions (except the exceptions) to be originated by a Residential Mortgage Loan Originator • Prohibits builders from selling with owner financing • Eliminates balloons and negative amortizing loans and requires fixed rates for 5 years with no prepayment penalties • Sellers who sell with owner financing more than 3 times a year will become mortgage originators and must comply with Dodd-Frank • No forced arbitration clause is allowed in the buyer’s noteQuestions & Answers � What information am I required to get from buyer to prove their capability to pay?
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12 November 2015 | 3 replies
Hello BP community. I'm looking at the purchase of a townhouse in my local area. I already ran the numbers which look good, but your input would be appreciated. I'm cheap so I only look for low cost rental purchases. ...
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17 November 2015 | 17 replies
One Thing Brie and I are contemplating with Turn Key reviews is to add a PM module for each market as well. so people can get a read on good pm in a market and one's that have issues.. goes hand in hand with picking the best turn key operators out there.
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21 March 2016 | 3 replies
SO im contemplating going eithier cash out commercial loan or cash out regular conventional loan on the refinance.
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22 March 2016 | 10 replies
We are contemplating buying a distressed property with a tenant that faced eviction because when he trashed his unit it became uninhabitable.