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9 July 2024 | 2 replies
It generally takes them about 10 days to process the rent approval portion.
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12 July 2024 | 48 replies
You may be able to liquidate the property at or near FMV, but keep in mind that a good portion of these $50,000-$70,000 properties are purchased by investors as rentals.
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10 July 2024 | 4 replies
Hopefully you are not responsible for his portion from the private lender.For what you are owed, yes you could start that lawsuit and i would start that one now.
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9 July 2024 | 11 replies
construction loans are very convenient to use that are hard money style . is it going to be a stick built just smaller in size or an actual cabin ?
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10 July 2024 | 11 replies
Like for me I have a business I enjoy that produces active income I don't see myself stepping out of anytime soon, so I am prioritizing the nicer areas/properties that might not cash flow as much right now but will in the future and provide me with good depreciation to offset active income right now.Just such a personalized thing that doesn't have a one size fits all approach.
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8 July 2024 | 2 replies
We are able to borrow the money at 5%, however the lender also wants a small portion of cashflow (not equity) from each property we buy.
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9 July 2024 | 6 replies
For my money, I think Home Depot has a slight advantage in availability of in-stock door sizes/styles (which you can check online to find your exact style/size/swing and see which locations have it in stock), while Menards has a wider range of trim options.LVP Flooring.
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8 July 2024 | 6 replies
Yes you can as long as your father will live in the home as his primary residence and you put enough down to cover your portion of the loan that VA will not guarantee.Here are the VA guidelines for calculating the down payment.VA calculates the guaranty as described in the table below.Step Action1 Divide the total loan amount by the number of borrowers.2 Multiply the result by the number of veteran-borrowers who will beusing entitlement on the loan.There is usually only one veteran borrower, in which case the resultof this Step is the same as the result of Step 1.3 Calculate the maximum potential guaranty on the portion of the loanarrived at in Step 2 (as if that portion was the total loan).Use the maximum guaranty table in section 4 of chapter 3 of thishandbook.4 VA will guarantee the lesser of:• the maximum potential guaranty amount arrived at in Step 3, or• the combined available entitlement of all veteran-borrowers.5 VA makes a charge to the veteran-borrower’s available entitlementin the amount of the guaranty.If more than one veteran is involved, VA divides the entitlementcharge equally between them if possible.
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8 July 2024 | 0 replies
With their lease renewal coming up we'd like to include a flat rate for their Water Sewage and Garbage (WSG) portion of the utilities.
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9 July 2024 | 17 replies
What size rafters are you using?