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12 August 2024 | 37 replies
If a buyer has the financial capability to handle possible temporary negative cash flow and ability to refinance in the unlikely event the note is accelerated, and the seller has the ability to do a background check on the buyer and reach an intelligent decision, then the benefits of a real property transaction without the expense, time and qualifying necessary to obtain new financing and perhaps the benefits of a lower interest rate can successfully accrue to the benefit of both parties to the transaction.If the buyer is an undercapitalized inexperienced recent “graduate” of a guru program and the seller is willing to sell to anyone, whether breathing or not, then the transaction has a high likely hood of ending in disaster.When both parties are knowledgeable and understand the risks of the transaction, nobody is “taking advantage” of anyone else.
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14 August 2024 | 134 replies
By approaching from the "objective analysis" rather than "who is the good and bad guy", you are really educating a basic investor.Capital call is a myth/method created by the lender as a temporary measure by the lender to avoid foreclosure.Nonetheless, these capital call is created because the lender itself is willing to take a such very high risk investment that should not happen in the first place.A DSCR loan of 0.85 80% LTV should not happen in the first place.
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5 August 2024 | 15 replies
As an example, in your case, the bridge loan would be used to convert your existing mortgage into a temporary loan with a very low monthly payment.
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4 August 2024 | 30 replies
how about filing a motion for a temporary restraining order (TRO) and preliminary injunction to enjoin (stop) a foreclosure sale?
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2 August 2024 | 4 replies
I'm not even sure you can prohibit them displaying a small, temporary political sign at all (legally), though as Theresa said you might be able to prohibit all signs.
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1 August 2024 | 13 replies
There's absolutely a demand for 4 bedroom homes because many families are moving to Austin and need temporary housing.
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2 August 2024 | 53 replies
I see a temporary seller's market with higher prices along with slightly more inventory.....turning into more of a buyer's market by mid-year up to the election, and then who knows...?
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1 August 2024 | 9 replies
Great advice above from the GOATs of the MTR forums.I would add that you should also try to get on the lists of corporate housing and temporary housing for insurance companies.
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3 August 2024 | 27 replies
Tax sales are a balancing act among (1) the need of government to collect property taxes and, if owners will not pay then, then to provide incentives for investors to purchase the tax rights and (2) investors, who need an attractive return for the risk they are taking, and (3) citizen taxpayers, who should not lose their property and all equity because of small debts and perhaps temporary or at least relatively short term financial difficulties.
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1 August 2024 | 12 replies
Another avenue to explore are with any real estate agents you know as they may have clients that need a temporary space until their home is ready to close on.