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18 February 2025 | 0 replies
The program is $3000, and I haven't found much online about them.I started out investing in non-performing notes but having trouble obtaining those lately.Thanks,Nicole
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20 February 2025 | 11 replies
Properties in high-risk flood zones (Special Flood Hazard Areas, or SFHAs) must maintain flood insurance if they have a federally backed mortgage.Flood zones still matter for:- Mortgage Requirements: Lenders use flood zones to determine whether insurance is mandatory.- Community Floodplain Management: Flood zone maps are essential for local governments to manage floodplain development and maintain eligibility for NFIP participation.- Risk Awareness: Flood zone designations still help people understand general flood risks in their area.Elevation still matters under Risk Rating 2.0, but its role is handled differently compared to the old system.Under the old system, elevation certificates were often required to calculate insurance rates.
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22 January 2025 | 4 replies
Does anyone know of any lenders that will give what were looking for even if the title of the home is in an LLC?
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12 January 2025 | 6 replies
@Jason Khoury I purchased my current residence, a duplex, from a local non-profit about 5 years ago.
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23 January 2025 | 2 replies
As a lender, it is my firm belief that honesty, transparency and service are the most important factors.
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23 January 2025 | 165 replies
Even I the non-attorney would have a rather easy time getting the people of, say Pacific Palisades together to state in mass that E.D. here not only does NOT do "public good" but inversely does HARM.
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18 February 2025 | 7 replies
However, I wouldn't recommend this approach as it could lead to big trouble and fines (up to $10,000 per non-compliant message).
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10 February 2025 | 4 replies
Here are some details, from a non-HUD site and from HUD.
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21 January 2025 | 2 replies
I'm looking to scale & use private lenders to expedite closing.
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20 February 2025 | 8 replies
However, the 1031 exchange only applies to the real estate component or real property, of the business, not the business itself or its non-real estate assets.In other words, while you can exchange real estate used in your business for other like-kind real estate, the business itself, including goodwill, equipment, and other non-real estate assets, does not qualify for a 1031 exchange.To maximize your tax deferral, focus on the real estate portion of the sale.