
30 March 2024 | 8 replies
You CAN get a loan in your name and transfer it after, but this could trigger the loan to be called due.

3 April 2024 | 83 replies
The contract price was $339k less the concessions.The other difficulty for this deal was that the purchase price was well under 1/2 the exit price as the rehab was extreme, therefore, the lenders all had their red flags waiving high on this deal.I met the appraiser and provided (on the day of appraisal, not before) the following information: Comps I pulled with photos and descriptions of each, list of repairs with costs and invoices to back it up on my rehab, and letter of explanation of the acquisition price vs. the contract price.I also had a nice conversation with this appraiser over the phone the following day explaining my sympathy for how hard they have to work and how the HVCC rules have really screwed them.Wouldn't you know it, the appraisal came in at contract price which, in my opinion, was very generous.Then, just before closing and after the buyer had already signed loan docs, the lender comes back with "we need a second appraisal.

1 April 2024 | 60 replies
Also, keep in mind your liquidity with stocks comes at a cost in that is triggers a taxable event.

30 March 2024 | 0 replies
Mortgage Heroes in Chula Vista were extremely helpful in brokering the loans to fund this project!

29 March 2024 | 17 replies
Whilst legally this should trigger the sale purchase clause and put you in breach of contract, both of them admitted that the transfer is a common occurrence and not a big deal.

30 March 2024 | 45 replies
Every state will have their pros and cons like extreme weather higher insurance or higher taxes.

1 April 2024 | 98 replies
I am being extremely careful in the current market.

29 March 2024 | 12 replies
New investor here and I’m looking to pull the trigger on a flip however I’m having a hard time picking the right amount to spend on a purchase and rehab because I don’t have an idea of what a full gut should cost.

29 March 2024 | 5 replies
This is extremely unlikely with a larger carrier.

30 March 2024 | 27 replies
it would be extremely helpful to go through a simulation of a real transaction; the days it takes, the forms to sign, the people to contact.