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16 September 2016 | 3 replies
Keep in mind however, that most conventional loans will have a one-year clause that requires a property to be owner-occupied for the first year after it is purchased (that is, if your current conventional loan was taken out as against an owner-occupied property, and not on an investment-labeled property).
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5 October 2016 | 17 replies
Hopefully they get them out of that unit for you here shortly, or you are going to have to speak with your agent and a lawyer about remedies and solutions.
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26 December 2016 | 19 replies
This may be a long post, but I thought it would be good to walk through everything step-by-step, and explain my thinking along the way.If you want to stick with me through it all, here we go:I was not going to be getting a conventional mortgage for my first property for a number of reasons.First, I am still annoyed at the hoops I had to jump through to get a mortgage for my primary residence.Second, my liquid cash was on the lower end.Third, the properties that I would need to start out with would not be financeable anyway.Fourth, my DTI is on the high side, due to the decision that we made to take out a HELOC to complete interior improvements on my primary house.So, I decided that my path was going to be to form a single member LLC, and take a loan from my 401(k) at work to finance the down payment.Since I do not view the 401(k) loan as a long-term solution, I am treating like hard money, and pay it off ASAP.So, my first deal would be a flip, or a rental that was such a good deal, that I could re-fi out and pull all my cash out.I decided to reach out to the commercial lending department of the local credit union, which I am a member.The person I talked to (who became my lender) is fantastic.I told him what types of properties I was looking for, and that I’d look to turn them into rentals, or to flip them.I will never forget his response, which reminded me why I love this credit union.He said:“Typically, the deals you are talking about are much smaller than the deals we like to do.However, we also realize that you can not get to that level unless someone helps you get there.So, if the numbers make sense, we will see if any of our products fit.”Awesome!
23 September 2016 | 40 replies
If you have funds, I would recommend per-forclosures where you know there will be some solution taken within 120 days of the first NOD
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16 September 2016 | 7 replies
There must be people on here who have had this issue and found solutions.
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24 September 2016 | 81 replies
Go about this business with the intent of providing a service and helping people find a solution to their situation.
19 September 2016 | 7 replies
First time poster, any suggestions or solutions would be awesome!
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12 December 2016 | 14 replies
Keep a record of your steps on film - we're anxious to see your struggles, solutions, and final product.
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21 September 2016 | 34 replies
If you can get them down to, say, two approved pets and charge market pet deposits and pet rent, that would be a solution, but I am not optimistic that will work for a pet hoarder.
30 September 2016 | 9 replies
We use Mandrill but it's for forgot password, invoices, receipts, task reminders, notifications, etc...We weren't able to find a solution for this either, so we had to develop our own software and integrated our gmail account for sending day to day emails but we are using Google Apps for business, so emails are coming from our own domain name.