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8 December 2024 | 10 replies
Overall, it sounds like this whole thing stemmed from a communication or integrity issue that occurred at the loan officer level.
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17 December 2024 | 13 replies
Thank you for this post I copied it and sent it to my office to save on drop box.Myself I grew up in the land business as my Dad was in the land business starting in the mid 60s and I started in 75..
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13 December 2024 | 16 replies
You can get the cashier's check and do any other banking transactions from the convenience of your home office or mobile device without ever going to the branch with any of these banks.
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10 December 2024 | 17 replies
Actually, since 2016 up till this year TN fire marshals office was doing all inspections of new builds in Sevier County which required fire suppression/sleep more than 12.
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14 December 2024 | 36 replies
Section 8 can definitely cause extra headaches like the longer wait times to get a tenant in there, the inspections, and the incompetent CMHA office you can never get a hold of.
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15 December 2024 | 18 replies
The rates are higher and points +++ plus prepay for a commercial loan or hard money loan.Loans closed in America are reported and stats are available as to who closed, how many, loan officer, dollar amount, loan type, location and more detail.
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9 December 2024 | 5 replies
Quote from @Chas Lumley: Hey all,I'm looking to make an offer on my first rental this week and was wanting to get different inputs on LLC vs Umbrella policies.I will be using a conventional loan and I was told by my loan officer that I can not buy the property under an LLC, but I could transfer to an LLC after acquiring.
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19 December 2024 | 55 replies
As of my last update in April 2023, the definition of an accredited investor includes, but is not limited to, the following:Income: Individuals who have had an income of more than $200,000 (or $300,000 together with a spouse) for the past two years and expect the same for the current year.Net Worth: Individuals with a net worth exceeding $1 million, either alone or together with a spouse, excluding the value of the person's primary residence.Insiders: Directors, executive officers, and general partners of the company selling the securities.Professional Experience: Certain professional certifications, designations, or credentials or other credentials issued by an accredited educational institution may allow an individual to be considered accredited.Knowledgeable Employees: In the case of private funds, "knowledgeable employees" of the fund are also considered accredited investors.Institutions: Banks, partnerships, corporations, nonprofits, and trusts with assets exceeding $5 million.By imposing these criteria, Regulation D is meant to ensure that all participants in such an offering are capable of fending for themselves or sustaining the risk of loss, thus requiring less regulatory protection.Under Rule 506(c), it is not enough for an investor to simply claim accredited status.
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9 December 2024 | 4 replies
Quote from @Steve Tse: @Jason Taken why are you giving me a contact of a loan officer when I am looking for insurance coverage ...?
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10 December 2024 | 16 replies
@David Rodriguez The only thing I would add is a two bed might do better as a two bed rather than 1 plus office.