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23 February 2025 | 13 replies
As you can see, I lose an average of 1100 a month over this house.I am wondering if a short-term rental could be a better choice for me.
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24 February 2025 | 6 replies
In your case (TX), and assuming you want preforeclosure leads, the rough process is a). the borrower is sent a notice of default after missing several months payments (usually 3m).
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18 February 2025 | 5 replies
Quote from @Josh King: I have 2 rental properties I paid cash for years ago and I have never borrowed against them.
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18 February 2025 | 4 replies
So, based on your numbers you could borrow up to 243,750 on property A, but owe 220k, so that would only be 23,750 in borrowable equity.
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11 February 2025 | 4 replies
Freddie also requires that the borrower loan guarantors demonstrate prior multifamily experience.
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14 February 2025 | 2 replies
OPJust borrow the money in the US and use it in Belize.
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19 February 2025 | 5 replies
I am not sure what your financial situation is or if you have a 401K as an option to borrow but this has worked for us.
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17 February 2025 | 7 replies
It's usually the member/borrower's creditworthiness that is the issue and interferes with approval, not the LLC.
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14 February 2025 | 4 replies
If the homeowner is promised new financing, a straw borrower will then be involved.