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24 May 2024 | 12 replies
Properties without a view or unusual natural amenity are down as much as 35 percent.
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24 May 2024 | 259 replies
I have two rentals in South Bend, Indiana!
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22 May 2024 | 19 replies
It's not unusual for LTR property management to run about 10% of rents, though I've seen higher and lower numbers and the more properties you put under one company's management the more likely it is you get a better rate.
22 May 2024 | 18 replies
Off grid homes, unusual construction types like barndominiums, non-warrantable condos, manufactured homes, and more can also cause headaches when applying for a traditional loan.You need to find out whether your finances will allow you to qualify for traditional financing after renovations have been completed.
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20 May 2024 | 5 replies
It also has an unusually high concentration of 2-4 family multi-family options to make your dollar go a little further, if a duplex or fourplex is your cup of tea.
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23 May 2024 | 35 replies
Sure, about one in 2000 times, by someone experienced enough to recognize a very unusual situation, having the capacity to act on it, having the financial strength, experience and tract record to be able to attract the needed capital, having the knowledge and ability to structure the deal, having the ability to manage and or reposition the property after purchase, and having the capacity to carry the negative cash flow until turning the property around or obtaining lower cost financing.
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21 May 2024 | 33 replies
Here in Tennessee, it is not unusual for an inspector to give you a day of the inspection but not a time.
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17 May 2024 | 25 replies
No point in having a policy if you bend the rules- it's gotta be black and white.
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15 May 2024 | 3 replies
It's unusual to have be questioned by an underwriter about why he financed a loan with a private lender with a poor reputation, however, if it's a concern that he'll continue to be asked about it, I recommend creating a letter of explanation that clearly explains the situation.
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15 May 2024 | 20 replies
These type of loans for such projects are usually negotiable to an extent, which will vary your amount you need for downpayment and closing costs.I know I've said a lot but I hope this helpsIf your deal is good and you qualify, they may be willing to bend and relax some rules for you.