
3 September 2024 | 7 replies
Although this is technically inaccurate (I saw a case where a sheriff sale of this sort was challenged and the challenge lawsuit took 11 months, deed recording came after that), that is the typical practical waiting period to get the title insurance for the resale.Whatever the mortgage balance, that’s now your obligation to get paid off; before even bidding on any sheriff sale property you should have a good idea of any remaining mortgage balance(s).

4 September 2024 | 3 replies
You need to search for properties near your subject property deal that look like and have the same size as your end result aka a comp aka a comparable.Any quality agent can run your comparable market analysis (CMA), and over time, with practice, you can run your own comps.

4 September 2024 | 10 replies
I would think this is a common practice that lenders perform, but if not....message me.

3 September 2024 | 6 replies
Property exceeds standard DSCR/LTV ratios and PFS is good too.Not 5%, but seems like there are some high 5% rates being advertised.
4 September 2024 | 12 replies
Some of the help offered here is accurate and some of the help offered is a bit offFor most cash out refinance loans on investment properties the Max leverage offered is 75% LTV (You may find 80% but that really isn't industry standard) Which at a 250k "As is" value your max loan amount would be $187,500.00 If you purchased the property for 165k and renovated it for 30k you are all in for 195k Since I am assuming the property is owned free and clear the $187,500 (minus closing costs let's call it 5% of the loan amount) can be used to pay down your debt.

30 August 2024 | 15 replies
If you only end up flipping one property in your first year just use a standard LLC.
4 September 2024 | 12 replies
Thanks in advanceThat is pretty standard in Midwest markets.

4 September 2024 | 10 replies
Sometimes tenants want extra TI on new development than is standard so developer gets them to start out at inflated rent.
4 September 2024 | 11 replies
The law requires disabled persons to have a minimum 30-day relationship with their licensed mental health professional (LMHP), who must be certified to practice in California.

2 September 2024 | 3 replies
They do have some options for building up (see three story image below) but we created an apartment that consists of studios units, in the standard 16x74 foot modular home rectangle.