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8 August 2024 | 32 replies
The key features that make it more efficient that are hard to replicate else where is that the interest is simple interest similar to commercial loans (rate/365Xbalance daily), there’s a 20 day grace period before the prior period’s accrued interest is billed/added to your balance outstanding so you can keep chipping away at your daily principal balance with your deposits from days 1-19th each month before prior month’s interest is even billed (on the 20th/21st usually).The current CMT or constant maturity treasury index is less volatile than prime index that most heloc’s are based on (most bank commercial lines are based on 3-5 year FHLB + 225-275 BPS or 2.25-2.75% margin).
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9 August 2024 | 184 replies
Yes i have read it and anyone who has read it and understood it could not possibly interpret this as an NAR win, there are still outstanding lawsuits by the way, The NAR will lose a lot of members, a lot of income, and most importantly, a lot of political power as a result of all this, the financial payout is nothing compared to all this.
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3 August 2024 | 13 replies
There is no appellate or statutory authority that allows to you cut the timber after the tax deed date, but while judicial redemption rights might still be outstanding.
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2 August 2024 | 8 replies
I want to be sure I will get full clear title (ownership) of the house and not get burned by an outstanding lien or something.
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2 August 2024 | 3 replies
Additionally, a make sure that the comps are within the same neighborhood, without a major highway separating them from your property, as this could indicate significant differences in the neighborhoods.Check the active properties in your area and make sure that your target ARV is not higher than any other remodeled property listed as active.
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6 August 2024 | 29 replies
I have had the pleasure to work with some outstanding agents over the last couple years and while they are all doing well, they fail to develop the kind of gravity you would expect to see from their completley different level of skills and performance.
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2 August 2024 | 11 replies
Historically the long term appreciation is outstanding.
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2 August 2024 | 5 replies
If you have a 1st lien with a low rate and a sizeable balance outstanding on the property, this strategy may not make sense.
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31 July 2024 | 1 reply
Specifically, anything indicating that the lease is completed and both sides have no claims or issues with each other.There's no "standard" agreement that I'm aware of, but we've done a bilateral "Termination of Rental Agreement" when we wanted to document that a tenant has officially moved out, that there are no outstanding funds owed, and that there are no claims or issues.These agreements are particularly useful when doing "cash for keys" with a tenant.I would keep it simple: State in the document exactly what you want to establish as facts, and then run it by an attorney for good measure.I'd also recommend requiring the tenant's signature be notarized.
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31 July 2024 | 3 replies
I have my primary residence single family home paid off in full Zestimate ~$500K, and no other outstanding loans for cars, schools, credit cards, and in good financial position with 2 years of reserves for expenses, etc.