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30 May 2021 | 36 replies
I own no property in USA, and most of my legal/financial moorings are based on my location overseas: residence in Korea; bank is US but address of account is based on an Armed Forces Post Office; tax address is my Dad's home in Kansas; precious metal holdings in Florida; no US-based drivers license (lived and worked in Korea since 2008.
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19 May 2021 | 10 replies
I don’t explicitly state that I’ve lowered my rates due to the construction, it’s just something I did on my own to sort of counter the construction.
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21 May 2021 | 1 reply
I am inclined to allow it, although it is an explicit variance from the current lease.
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24 May 2021 | 10 replies
Here is an (extensive) example and as Chris says above, they can all be different: LOAN # Street CITY STATE ZIP ORIG BAL CURR BAL Deferred Balance Total Balance Accrued Interest Escrow Balance Corporate Advances Total Legal Balance FIXED/ARM DESC.
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20 May 2021 | 50 replies
My banker requires 20% down and a 20-year term that has a 5 year ARM (adjustable rate mortgage).
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20 May 2021 | 8 replies
Once a property hits 5 units, it no longer falls under a conventional loan and will automatically bump you into the commercial loan space (typically requires 20-25% down and 15yr - 20yr terms, most with a 5yr ARM, rates also tend to be a bit higher vs. conventional).
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8 June 2021 | 45 replies
I have many LLC's but for different reasons and if they are single member closely held they offer little to no asset protection..but if you have un related and arms length members there is limited liablity for those members..
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19 May 2021 | 5 replies
Also, if this was an arms length transaction, would this really make sense?
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20 May 2021 | 5 replies
But I’m very motivated and armed with more knowledge this time.
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22 May 2021 | 3 replies
Alternatively, I can close the prop from Builder’s Mortgage using a primary home ARM.