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22 July 2021 | 0 replies
I've approached several other of my portfolio lenders asking for modifications and most are open to it.Has anybody else approached their portfolio lenders on this?
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2 August 2021 | 10 replies
I know under normal circumstances, the title search process prior to closing includes disclosure of any adverse conditions from the HOA so the buyer isn't surprised by an assessment delinquency or unauthorized modification that the new owner will have to mitigate, and could possibly face a lien in the future for.
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2 August 2021 | 3 replies
How about 2 with a modification - you can invest out of state without going the TK route.
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12 August 2021 | 20 replies
As far as for large multifamily there might be a surge in eviction filings, but we aren’t tracking them.The CDC has had a slight modification and extended until Oct 3
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2 August 2021 | 3 replies
@Don Konipol, I know an attorney that works on loan modifications, and may be able to provide you with deal flow.
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3 August 2021 | 2 replies
thought im 98.9% thats how it goes At some point in my life I used to work as a loan modification coordinator..
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4 May 2021 | 18 replies
If the property will cash flow as is, I'd be inclined to rent it out and wait on the modification.
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12 September 2020 | 9 replies
A great deal of your cash throw off is subsumed into HOA fees potentially and these fees can change without your permission - additionally special assessments can be levied that can destroy any profit you have and you have no power to stop it - trying to sell a townhome / SFH or a condo with an unexpected special assessment on it or a large improvement project in the community that is projected to hike up the fees next year is challenging.Investing well necessitates your ability to pivot and retain flexibility to minimize your risk and leverage your asset or liquidate it when you need to - an HOA is not your best route.The lease restrictions in FL are so widespread because the state needs to provide economic stability to it’s residents because we have the most miles of coastline and therefore vacationers than any other state- if every residence could be rented at will it would obviously reduce the value of the property and precipitate all of the negative consequences of that.Hope that helps!
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11 September 2020 | 1 reply
We contacted our agent and requested to be let back into the house to see if any other modifications had been made.
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17 September 2020 | 6 replies
Does not necessitate accreditation proof or third party verification of investor incomes/worth.