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15 February 2025 | 2 replies
If investors want to just be lenders then I would work with them as a lender on the deal so you don't have to setup a syndication also not sure where you are located (app doesn't say) but if investors California may be way around syndicating
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6 February 2025 | 28 replies
If I was the buyer's broker, I would have checked myself to protect my client.If they had, then they would have found out it was not a three family.Its a valid point.In NM, our zoning / city doesn't post # of units publicly, only high density residential or low density.
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25 February 2025 | 4 replies
Additionally, I’d like to understand the biggest challenges new MLOs face when transitioning into the industry so I can better prepare myself.If you know of any mortgage brokerages or lenders that are looking for new MLOs and willing to provide training and sponsorship, I would love to connect and explore potential opportunities.
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31 January 2025 | 27 replies
You accused other licensed professionals of giving "totally irresponsible and reckless advice" in a public forum.
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24 February 2025 | 9 replies
FNMA does have limited allowances if the LLC is whole owned by the borrower. https://servicing-guide.fanniemae.com/svc/d1-4.1-02/allowabl...There's really only three reasons to put your SFR properties under an LLC:1) A DSCR lender requires it: just setup the LLC correctly.2) Anonymity: In Michigan, you can create an LLC with a Registered Agent and use their address to hide your ownership. - Have seen many investors create their own LLC and use their name & address:(- Only works if you put a property in LLC when you purchase.
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9 February 2025 | 4 replies
For non payment of rent, follow your lease and retain an eviction attorney.
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24 February 2025 | 8 replies
I suspect maybe something like Hagerstown or Cumberland, which yeah are Class D like markets with declining populations, high drug problems, no strong job base which leads to non paying tenants.
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16 January 2025 | 1 reply
Coos Bay - The main delay with application in this area is whether the property is on public utilities or has a septic system and private or public water source.
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10 February 2025 | 0 replies
I used a private lender, BackFlip.
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18 February 2025 | 7 replies
The requirements describe the regulations in the Philadelphia Code.Landlords must follow all non-discrimination and housing laws.Renters Access Act tenant screening guidelinesYou must comply with this law when screening tenants.