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20 July 2024 | 24 replies
The search function should find them.
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20 July 2024 | 5 replies
Then notice the bank President in writing.
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20 July 2024 | 28 replies
Then while writing this I thought, but AI couldn’t do any original thinking.
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19 July 2024 | 53 replies
. - Single family homes to rehab and hold or to fix & flip- Loan is in your name not your LLC- Rates between 5% and 6% depending on credit score- 30 year term loan, fixed rate, no pre payment penalty if sold or paid off anytime- Example buy at 100,000 and add 50,000 for rehab = 150,000 means 15% down payment or 22,500- So the buy is financed at 85% and so is the rehab if you look at it that way- House will be appraised off a contractors write up of the work to be done and must appraise out ARV to at least the 150,000 to make sense at all; if not loan is not approved so a buyer cannot get into trouble in that sense with lender oversight- all work must be done by licensed trades people, not the own themselvesIf this sounds plausible I'm happy to answer questions.
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20 July 2024 | 15 replies
But, again, if your LES shows an ETS date of less than 12 months your current income won't be usable, unless (a) you write a letter to certify that you will reenlist and also have a commander certify that you will be eligible, or (b) you use income from a new job that you'll start near the subject property before closing.
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19 July 2024 | 12 replies
It takes to long which is a problem, but I cannot write $10-20k checks to have someone else do it, nor would I be able to continue to buy houses if I was paying contractors.
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19 July 2024 | 12 replies
One thing I add is you want to write down the type of landlords (owners) you do NOT want to work with.
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19 July 2024 | 4 replies
They must understand the "subject to" arrangement, including the risks associated with the due-on-sale clause and the fact that the mortgage remains in the original borrower's name.It’s advisable to have all agreements and disclosures in writing to avoid future disputes.Buyer’s Financial Stability:Ensure the new buyer is financially stable and capable of making the mortgage payments.
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16 July 2024 | 0 replies
I was hoping to get some clarity on the rent collection functionality of the stessa/rentredi platform, versus hiring a property management company.
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19 July 2024 | 16 replies
It's hard to find a home or an investment that is less than or close to $100 a square foot anywhere in the country so the more I write about this, the more I am taking myself into this...9 million visitors cannot be wrong.