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13 January 2025 | 5 replies
One said the 2nd mortgage has to be assumable and the other said it did not.VA issued Circular #262417 back in August to try and clear up the issue:Assumability: If the secondary borrowing is not assumable, the holder of the VA guaranteed loan should counsel the assumer that this may restrict their ability to sell the property to another creditworthy assumer through an assumption in the future.The lender currently servicing the loan still can decide whether or not they'll allow the 2nd.You could do seller financing for the gap and then refinance just that amount with a Home Equity Loan or Line of Credit at some point down the road.
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25 January 2025 | 32 replies
Many note funds take on debt from larger lenders or lines of credit against their assets.
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3 February 2025 | 26 replies
I also don't see any NMLS licensing posted on your personal website, company page, or even your signature line.
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10 January 2025 | 67 replies
Bottom line is that you need to understand which risks you’re capable of handling with these various options.
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4 January 2025 | 9 replies
Quote from @Alan Mills: Got an inspection objection back with something I’ve not seen on my other rehab’s (this is a Colorado property):“The seller agrees to have a licensed plumber install external sewer cleanouts per city code and scope the sewer line ensuring its integrity.”This was a full interior/gut rehab and almost everything is brand new.
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4 January 2025 | 9 replies
AirBNB is a platform.Personally I like a single, eye catching line.
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27 December 2024 | 13 replies
Sounds like their combined income likely beats your other tenants.Your gut is probably your best bet and you need to go with it.
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4 January 2025 | 7 replies
My bet is you do not get sued.
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6 January 2025 | 11 replies
I did approach them about a year ago about getting $25k credit line per property, and the response I got was basically no.
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11 January 2025 | 31 replies
Makes banks happy, but not what you want if you are concerned about your bottom line.