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9 June 2024 | 3 replies
In Gary Keller’s book, Shift, he lists 25 creative options that are most common, but barely scratch the surface:- Seller Contributions- Seller-Funded Permanent Buydown- Seller-Funded Temporary Buydown- Owner Financing- Contract For Deed- Seller Second Lease Option And Lease Purchase- Seller-Assisted Down Payment- Wraparound And Assumable Mortgage- Gift Funding- Selling And Refinancing Existing Assets- Non-Occupied Co-Borrowers- Using 401(K)- Temporary IRA Transfer- Pledged Asset Mortgage- Equity Transfer And Bridge Loan- Employer-Assisted Mortgage- Lender-Funded Buydown- Fannie Mae’s “My Community Mortgage”- Running Scenarios With Automated Underwriting Systems- Adjusting Amortization Period To Lower Payment- Adjusting Interest Rates To Cover Closing Costs- State, Province, And Local Grant Or Bond Programs- Mortgage Credit Certificate- Private LendingHe said these options barely scratch the surface.
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15 June 2024 | 87 replies
As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to purchaser."
9 June 2024 | 7 replies
One ended up in court costing close to $30,000 and the second involved a lengthy process with the banks lawyers and mortgage team to get the partner off the mortgage when they went AWOL and didn’t uphold their part of the deal.
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9 June 2024 | 13 replies
I'm assuming that once these platforms become more accepted as just another asset class (no different then mutual funds) to invest in for one's retirement (and I do believe we're going that direction) the restrictions on who they let fundraise on their sites will actually decrease a bit as the occasional blow up will do far less damage once RE crowdfunding has a lengthy track record.
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10 June 2024 | 40 replies
In most municipalities I've worked, you don't need a licensed plumber to repair a sanitary lead - but the contractor should be bonded and insured.
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10 June 2024 | 19 replies
If it is small (say less than bond market) it is a strong indication that you will better off to sell and redeploy your capital.
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9 June 2024 | 40 replies
Put it in treasuries bills, high yield savings accounts, municipal bonds, or cds for a year.
7 June 2024 | 4 replies
I only consider licensed contractors but have found that most reasonably-priced contractors are not bonded or insured.
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7 June 2024 | 8 replies
I have Bond for title agreement with Tenant what kind of financing options I can use to cash out for next BRRR.
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7 June 2024 | 8 replies
Getting a new title can be a lengthy process.3.