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10 June 2020 | 2 replies
Some lenders have paused cash-out refis at the moment (but they will come back), and underwriting guidelines are pretty strict right now; You will need sufficient credit, employment, income, and DTI to qualify for the loan, and you will likely have to transfer the property into your own name as part of the refi.A secondary option is to seek a commercial line for your LLC, using the property as collateral.
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7 July 2020 | 2 replies
He’s getting hammered right now for pausing payments..
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4 May 2020 | 0 replies
I listened to the episode three times over that afternoon, and constantly was pausing to google words like refinancing, comps, and line of credit.
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5 May 2020 | 4 replies
If you were considering refinancing w/ an "alternative lender" (eg. non-bank/credit union), many have paused their SFR programs.
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14 May 2020 | 51 replies
@Kenneth Hynes @Erwin Miciano @Chris TichenorWe've had a lot of people invest SDIRA money with us on our syndications, which made me pause and re-evaluate.
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10 May 2020 | 3 replies
@Aaron CarltonI would not have one minute of pause for 2 reasons:Her office is not a Broad listing brokerYou are not considered immediate family as you are a generation removedKeep in mind, there is no penalty even if you were immediate family.
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1 May 2020 | 7 replies
I contacted my mortgage broker and most lending programs have been put on pause and those that are still going are requiring 70% LTV to protect themselves.
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10 May 2020 | 10 replies
We have paused auctions and late fee’s for April so a little less revenue in terms of that this month, hope that helps.
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10 May 2020 | 10 replies
Here is a list of the tenant protections (eviction rules, etc.) each state has put forth in light of COVID-19, along with links to each of the states' websites:https://www.nolo.com/legal-encyclopedia/emergency-bans-on-evictions-and-other-tenant-protections-related-to-coronavirus.htmlThere have been bill proposals of "nationwide cancellation of rents and home mortgage payments through the duration of the coronavirus pandemic, which would include full payment forgiveness with no accumulation of debt for renters or homeowners," but no actual bill has been passed to-date: https://nypost.com/2020/05/02/what-to-do-if-you-cant-pay-rent-amid-coronavirus-pandemic/The most drastic thing I've seen so far that comes closest to tenants legally not having to pay rent, is a temporary pause on rent payments in L.A.