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3 June 2014 | 10 replies
Title seasoning isn't always at 6 months to a cash out refi, 12 months will be the general rule to go off the appraisal, prior is the appraised or cost, whichever is less.
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9 December 2022 | 128 replies
And as has been discussed and confirmed above, you do essentially become captive to which ever facilitator you select.No way could I consider working with him.
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20 March 2017 | 56 replies
David is correct in that IF you have vested ownership in the general partnership (or whichever legal entity is used for the syndication), then yes, you can legally market your deal to others (within the legal peramiters and there are many).
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10 January 2022 | 6 replies
Here in CA, a contractor may only charge 10% of $1000 (whichever is less) at contract signing and must provide a written contract describing what services they will issue, what timeline, what draw schedule for payments, their license info, their workers comp info, and several other disclosures.
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24 January 2017 | 132 replies
Basically my first goal of the year will be to get my first deal going, which ever route I choose.
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18 May 2017 | 8 replies
Sandy, you are correct: the loan from the Solo 401k plan is limited to $50,000 or 50% of the balance, whichever is less.
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7 January 2016 | 8 replies
New roof to be installed in next month.Note: fireplace in master bedroom is non-working.QUALIFICATIONS:Gross income must be three times the rent and must be documentable (meaning income must be $3,750/month or $45,000/year)No evictions or foreclosures in the last 5 yearsNo felonies or other criminal activities in the last 10 yearsLandlord contact information for last two places you've lived or the last two years - whichever provides more contactsCo-signer is acceptable if you have no rental history (co-signer must meet all standards and may be subject to additional requirements upon review)No pets/animals over one pound - no exceptionsAll occupants must be on the original lease (no sub-leasing)All occupants must be met by property manager/owner (exceptions for military personal with recommendations and contact information for commanding officers)Maximum occupancy = 4 adults or 2 adults + 3 children12 month leaseNo Section 8Required for Move-in:1st months rent ($1,250+$48)Last months rent ($1,250+$48)Damage Deposit ($750)Utility Deposit ($150)TOTAL $3,496Rental application fee paid by tenant.
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23 October 2016 | 5 replies
Best of luck which ever path you choose, and remember that sometimes these experiences are the best teacher.
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25 July 2016 | 6 replies
I guess that comment exists for whichever class you invest in.
25 September 2016 | 2 replies
Balance that with the caveat that the smallest title company out there may not have as many resources, experience, and the potential for an issue of mismanagement will go up.In general you want to find an attorney who specializes in real estate and a title officer that primarily does commercial or residential (which ever your deal is).