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5 September 2024 | 11 replies
There still is a tendency for DSCR Loans in particularly to get lumped in (throughout securitization) with other "Non-QM" loans, mostly owner-occupied when they really shouldn't be in my view, further a lot of the "tech" and software, systems buildout (including loan doc generators) are based on consumer resi which creates a lot of headaches.Anything rehab/construction related though (which is what the original post appears to be more about) is a different animals though - experiences are likely to vary markedly by market, lender, bank etc quite a bit
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4 September 2024 | 25 replies
I know probably several hundred co-brokes and I have worked with many as an investor before I got licensed and started a team.A combination of several reasons: Real estate agents are in an industry that is easy entry and it rewards networking much more than actual skills (let that one sink in), because consumers don't know how to vet agents and it becomes mostly about trust - so you work with your friend's cousin, because he said she's great.
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1 September 2024 | 1 reply
Also, how would I order the report for just this property when LexisNexis is asking for personal information for a Consumer Disclosure Report on the order request form?
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3 September 2024 | 2 replies
Now that August 17th has passed, and the new NAR Settlement is in effect, big changes for consumers on both sides of real estate transactions are being felt across the nation.
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2 September 2024 | 9 replies
There are numerous state and federal laws related to buying and selling mortgage notes as well as originating mortgages/contract for deeds etc.You have Dodd Frank as well as numerous other consumer protection laws that you have to deal with.
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31 August 2024 | 4 replies
"Consumer Electronic File Storage": $25 [this seems like a bs addon]L.
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1 September 2024 | 9 replies
The answer is to do a very modest amount of investigation if you come across a property you’re interesting or may be interested in owning.
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2 September 2024 | 32 replies
Where little Tim and Jenny can get a good education, the family can live in a modest house, and still have enough left over to save for retirement?
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29 August 2024 | 43 replies
Now I do showings with a modest phone call - text - pre-qualification (make sure they read your ad - big problem today).
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30 August 2024 | 1 reply
You might have an easier time buying a parcel and subdividing it into residential and commercial lots, then proposing the commercial use variance just for the commercial lot.Doing all of this research on your client's behalf is mighty generous and very time consuming for you.