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Results (10,000+)
Brian Holt Preparing to meet with loan officers or lenders
20 October 2018 | 6 replies
Brian, thinking big really quick, I would say a few 800 FICOs ready to personally guarantee and a few to five seasoned LLCs each with a D&B PAYDEX of 80 or more would get you the most financing you want at the lowest possible rates assuming you meet the income requirements.
Ricky Si Sheriff sale - need free title reports
26 October 2018 | 43 replies
And keep in mind, you can purchase the title report but title companies here in Nj will not guarantee title insurance on sherif sales.
Andres Felipe Aristizabal 1031 Exchange on an Underwater property?
25 October 2018 | 10 replies
Can be tough to line up a 1031 on a short sale since short sales are speculative and not guaranteed to be approved.
Trey Hedrick 100 Percent Financed Mortgage
10 November 2018 | 11 replies
The bank may say they have the option to extend it another 10 years, but that isn’t guaranteed.
Allison Escovedo Do I need a lawyer!?
27 January 2019 | 24 replies
Backstory : we entered into a deal that guaranteed us payout over a year ago.
Malachi Sparling Good Afternoon From Japan!
22 October 2018 | 13 replies
Here in the USA we're facing 5% rates recently, so over 30 years, your $250K house will actually cost $375 including interest and that does not include property taxes, maintenance, repairs, insurance etc.She said the catch is (at least in areas outside of Tokyo which is booming up to the Olympics), is that used real estate is very cheap so after you buy a home it's guarantee to drop over the years.
CJ DeBerg Advice on what to do
23 October 2018 | 13 replies
@CJ DeBerg in my experience, with newly formed LLCs (<2 years old), banks will mostly likely still require a personal guarantee
James Berry Creative Financing options for potential deal
21 October 2018 | 2 replies
(e.g. contiguous)- Comprised of 4 parcels:P1 - 70 acres with 2250sqft 200yo house and 20yo barn.P2 - 35 acres with under conservation easement.P3 - 5 acre minor sub division home lotP4 - 5 acre minor sub division home lotSITUATION- Seller is 70yo and retiring in 2019- Seller has heIrs who are absent and uninterested in owning the property (will eventually sell inheritance)- Seller is a frIend and neighbor of the famIly- Seller (and our famIly) have preservation/non-development hopes for land in the neIghborhoodOUTCOMESFor the Sellers:- Immediate cash lump sum (property needs some work)- "Guaranteed" monthly/annual payments for deal term- Retain ownership and occupancy of real estate until they vacate- Seller retains ownership if buyer defaults- Continuity of neighborhood legacyFor the Buyers (us):- Acquire property rights- Fixed sale price- Known caretaker/occupant- Continuity of neighborhood legacyDEAL OPTIONS- $450-500k sale price- 10% down- 20 year term- 0% Interest- Land ContractThis seems like a good option to consider in terms of managing tax impacts to both parties, but at the cost of fewer “ownership rights” for both parties.- Seller FinancingThis seems like a good option to consider in terms of better “ownership rights” for both parties, but at the cost of trickier tax implications.
Account Closed Average annual rent increase in NJ?
21 October 2018 | 1 reply
I know there’s no guarantee and it depends on the market, but I’m just trying to get an idea on how my cash flow could increase overtime, even if just on the low end Thanks
Samuel Cardenas Turning FHA multi-property into LLC
15 September 2018 | 9 replies
Essentially, lenders don't like it when you quit claim deed the title to your LLC because you have personally guaranteed the mortgage.