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13 December 2024 | 2 replies
This is because VA loans are tied to the borrower’s personal ability to repay and require a creditworthiness review.VA Entitlement Consideration: If you’re assuming a VA loan, the original borrower’s VA entitlement may remain tied to the loan unless you’re a veteran eligible to substitute your own entitlement.2.
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17 December 2024 | 7 replies
That will require somewhere between 10% - 20% down.
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13 December 2024 | 16 replies
What if circumstances require a cashier's check instead of a wire, how difficult (or not) is it to order one?
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14 December 2024 | 13 replies
The base zoning required 25 feet of frontage and a lot area of 2,250 SF per house.
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16 December 2024 | 4 replies
It can be, but it should not be anything close to the reason for purchase or sale.Sloped lots require a lot of regrading to level them which is WAY more expensive than most people think.
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12 December 2024 | 49 replies
Hello Scott, developers require a minimum down payment of 30% and the balance in to 9 months in a pre construction condo.
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7 December 2024 | 4 replies
Our loan balance is $640k (rolled a HELOC that we used to buy a triplex into the primary mortgage back in 2020) on a 30-year fixed @ 2.85%.
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14 December 2024 | 1 reply
I think LLCs are over rated unless you have to hold the property in one for financing like most DSCR lenders will require.
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13 December 2024 | 6 replies
I recommend determining your set price point plus closing cost expense and then calculating what minimum rent would be required to cash flow the property.
16 December 2024 | 8 replies
Purchase price + improvements = basisFrom there, you would need to meet the requirements of the STR Loophole.