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29 August 2024 | 38 replies
You can take courses offered by the CCIM Institute even if aren't a real estate broker and have no interest in the CCIM designation.
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28 August 2024 | 10 replies
I believe that by simply adopting this kind of mindset you'll cut costs tremendously.
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27 August 2024 | 3 replies
Yes, I have read all the rules, but that doesn't always give you the whole picture of how the institution operates in practice.
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29 August 2024 | 20 replies
I remember the reports of the first cases coming out from Wuhan in December of 2019 ,and obviously since everyone knows there are only 4 comprehensive bio safety level four laboratories on the planet, Moscow, Paris, Fort Detrick-Maryland and of course Wuhan Institute of Virology, and given that there are over 100,000 small town with wet meat markets throughout China, one doesn't even have to ask the question "what are the odds?"
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26 August 2024 | 4 replies
To date, I have many rentals in my own name (with a liability umbrella policy) as many financial institutions are leery of lending to an LLC but now that I am doing more DSCR, I have created a couple of LLCs as the lender only wants to lend to an entity, not individual.
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25 August 2024 | 21 replies
This paragraph does not apply to any local law, ordinance, or regulation adopted on or before June 1, 2011.
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27 August 2024 | 18 replies
Banks like Wells will open one for the master llc but not the cells, so that won't work.I know the larger institutions typically shy away but I'm sure there are others in town willing to do it.
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23 August 2024 | 3 replies
In such cases, the borrower must provide evidence of the increased family size, such as birth certificates or adoption papers, and demonstrate that the current home does not meet their needs.Vacating a Jointly-Owned Property: If a borrower is vacating a residence that will remain occupied by a co-borrower, such as in cases of divorce, they may be eligible for another FHA loan.
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23 August 2024 | 2 replies
I can see why you're asking this question because the terms "private lending" "private financing" "creative financing" "hard money" etc get tossed around a lot without explanation.The short answer to your question is that private lending is literally anyone who is willing to give you money other than government or government backed institutions.
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27 August 2024 | 43 replies
I will say that, I personally know of 1 institutional lender that does 100% purchase/ rehab loans to qualify for that program you have to more than walk on water to qualify but it real.