Allen L.
I need loan options for primary residence
16 December 2024 | 19 replies
Basically all rentals, even ones owned under LLC, come up during loan DD as long as you file them under one tax return as personal, that was what happened to me earlier.
Sino U.
If you were to start now, where would you choose?
11 December 2024 | 12 replies
I would look for a bunch of Sub To Deals with 2-3% interest rates ...... then rent out for cash flow and huge equity build up when rates are really low (check out amortization schedules and compare 2-3% vs 6-7% with the same balance and length of time - check out the principal portion each month - the lower the rate the higher amount goes to principal PLUS better cash flow).
Blake Dailey
I Bought A 130 Unit Hotel and Resort!!
1 January 2025 | 36 replies
It's a year 3 or 4 refi to return 100% of the principal and then projecting a 10 year hold because it's great cash flow and all the money will be out of it.
Felicia Richardson
Fannie Mae HomeStyle
11 December 2024 | 8 replies
Borrowers are not allowed to complete any of the work themselves as sweat equity.Loan to Value Calculations:The original principal amount of the mortgage may not exceed Fannie Mae’s maximum allowable mortgage amount for a conventional first mortgage.Purchase: For a purchase money transaction, the LTV is determined by dividing the loan amount by the lesser of the “as completed” appraised value of the property or the sum of the purchase price of the property and the total rehabilitation costs.Refinance Transactions: For a refinance transaction, the LTV is determined by dividing the original loan amount by the “as completed” appraised value of the property.Eligible Renovation:There are no required improvements or restrictions on the types of repairs allowed.
Cassandra Devine
Evicting rent stabilised tenants to convert an SRO to a primary residence?
18 December 2024 | 4 replies
I found this fact sheet which seems to indicate it would be possible to evict the rent stabilised tenants so long as they haven't been living there for more than 15 years or are older than 62 or disabled: https://hcr.ny.gov/system/files/documents/2020/10/fact-sheet...
James Kerson
Tell Me Why My Discount Brokerage Idea Is Bad: Calling All Agents
10 December 2024 | 100 replies
Ignorance IS a defense in residential, and one a party can file a class action lawsuit on because that's much of what just happened nationally.
Stacy Banks
Need my morgage put back on my credit report..
13 December 2024 | 6 replies
Why do you think they "lost your file"?
Ram Gonzales
Title clearing an old paid off lien
19 December 2024 | 2 replies
The loan doesn't decide its lien position the order in which voluntary liens (mortgages) are files determine that. 2.
Tyler Koller
Baselane Vs Stessa
16 January 2025 | 31 replies
Yes it does, needing to keep the books and properties seperate for proper Tax Reporting and any 1099s you may need to file can be costly.
Felicia Richardson
Reliable Foreclosure Websites
14 December 2024 | 11 replies
It’s free and that is one way to get free listings.judical states also have to file a lawsuit and you can search civil suits or contact sheriffs offices to get the calendar and listing for foreclosurespaying for a site is all in one and maybe worth it compared to how much time you are spending searchjngif you stay in one area then I recommend what I mentioned