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27 September 2024 | 0 replies
This could signal that buyers are embracing low-interest rates and turning to financing to secure their dream homes.
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27 September 2024 | 3 replies
I noticed you are a lender who operates in my state as well, if you have some time available I think I would greatly benefit from learning what I can be doing to increase my chances of securing a loan and what lenders look for in potential clients.
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27 September 2024 | 15 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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25 September 2024 | 4 replies
This basically releases the one moving out and the security deposit stays with the property.
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28 September 2024 | 21 replies
Security Instrument3.
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28 September 2024 | 17 replies
If you only have 25% equity in the other property and no cash, then that probably will not work as its too risky for the lender unless you also have other properties to secure it with.
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26 September 2024 | 7 replies
Lenders WILL allow a secured loan ( like a second mortgage, HELOC, Cash out refi loan).
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2 October 2024 | 71 replies
Second example: I purchased a first lien note secured by a very run down shopping center in which the principal balance was $470,000 - I paid $255,000 for the note.
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27 September 2024 | 13 replies
For full asset protection a WY or DE LLC can hold the state LLC, so your info is not open to the public.
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26 September 2024 | 0 replies
For this deal, my mother and I secured financing through a Debt Service Coverage Ratio (DSCR) loan, which allowed us to borrow based on the rental income potential of the property.