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22 February 2025 | 5 replies
Many hard money lenders offer loans that include rehab costs, which could be beneficial for your BRRRR strategy.Alternatively, if you find a lender that offers a DSCR loan with a lower down payment requirement, that could be another route to explore, especially if you already have positive rental income history.
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21 February 2025 | 3 replies
High end customers will require Concierge services.
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10 February 2025 | 7 replies
City of San Diego requires a permit.
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10 February 2025 | 0 replies
Trust documents are not required to be publicly recorded, ensuring that details about the trust remain private.2.
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20 February 2025 | 4 replies
Make sure to provide clear disclosures to the seller about the risks involved, especially regarding the existing mortgage staying in their name.Insurance Considerations – You’ll need to work with an insurance agent who understands sub-to deals, as the lender might require a policy that keeps the seller as the named insured.Due-On-Sale Clause – While banks rarely call loans due, it’s still a possibility.
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5 February 2025 | 17 replies
Lending to Entities Only: (Not required but think carefully.)
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9 February 2025 | 4 replies
The only thing the bank required is that I had a checking account with direct deposit setup into their account.
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29 January 2025 | 4 replies
Do you have central boiler for water and heat or individual units?
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10 February 2025 | 9 replies
Your interest rate, on a fixed rate loan, should remain unchanged and your mortgage should not be called due.However you should still confirm that this is the case with your lender (and read your mortgage commitment) out of an abundance of caution and because some loans and programs do require a longer seasoning period.
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4 February 2025 | 3 replies
You can contribute by finding deals or managing properties in exchange for a share of the profits.Lease Options: Control properties without owning them by renting with an option to buy, and potentially sublease for profit.Owner Financing: Buy properties directly from sellers willing to finance, bypassing traditional lenders and often requiring less upfront money.REIGs: Join real estate investment groups to pool funds with others for property investments.For a more hands-off approach, investing in turnkey properties in growing markets with minimal upfront investment would be ideal (like in the Southeast and Midwest of the country).