
25 September 2018 | 3 replies
(A recorded trustee's deed (or similar alternative) confirming the amount paid by the grantee to trustee may be substituted for a settlement statement if a settlement statement was not provided to the purchaser at time of sale.)The preliminary title search or report must confirm that there are no existing liens on the subject property.The sources of funds for the purchase transaction are documented (such as bank statements, personal loan documents, or a HELOC on another property).If the source of funds used to acquire the property was an unsecured loan or a loan secured by an asset other than the subject property (such as a HELOC secured by another property), the settlement statement for the refinance transaction must reflect that all cash-out proceeds be used to pay off or pay down, as applicable, the loan used to purchase the property.

29 September 2018 | 18 replies
But don't do it if you're looking to simply earn a return on your money; you're house-hacking to make your cost to ante up to buy into the market less than the alternatives of either not playing or buying elsewhere with a higher ROI but still paying a variable rent for your own personal residence.

29 September 2018 | 10 replies
Because of the prohibited transaction rules, doing so could be a violation of the rules, or at the very least, would limit your flexibility with the investment and increase the chances of a prohibited transaction occurring after the investment is made.Here are some alternatives to commingling the assets: using the Solo participant loan feature to do the deal outside of retirement funds using non-recourse financing from a lender or private source in combination with retirement funds as the down paymentusing a 401k or IRA and partnering with non-disqualified persons

25 September 2018 | 8 replies
Here are some alternatives to commingling your assets: using the Solo participant loan feature to do the deal outside of retirement funds using non-recourse financing from a lender or private source in combination with retirement funds as the down paymentusing your 401k or IRA and partnering with non-disqualified persons

25 February 2019 | 8 replies
I saw Andy's post from a few months back where he was considering Madison Management as a possible alternative to FCI for servicing of mortgage notes.

28 September 2018 | 4 replies
I alternate between postcards and branded letters on white paper with my logo.
11 June 2019 | 17 replies
If you come across any alternate route or can at least list steps you went through so that I can look into and prep him for them, it would be appreciated and helpful

26 September 2018 | 0 replies
I sent her a certified letter yesterday saying to avoid foreclosure or any other action she must provide proof of insurance on or before October 12 & if not renewed I have no alternative but to FP a policy.

26 September 2018 | 2 replies
If not, what are your alternatives?

26 September 2018 | 0 replies
I’m looking into alternative methods to house having and MFH run for $700k+ out here.At the moment, I live in a detached garage converted into a 600sf 1bd/1bth.Since the 700k price point for a duplex with max 3bd/2bth unit to rent it out of question for me, I was thinking of the possibility of picking up a smaller house with the possibility of converting a garage or building a separate addition that my wife and I would then be able to live in while renting the main house.I know CA is becoming very favorable towards ADU’s now a days and was wondering on if this could qualify as a primary residence for myself as well as me be able to use potential rental income for me to be able to qualify for a loan.Still new to BP and REI, I couldn’t find a google answer on this, so any help would be appreciated.Thanks!