4 January 2025 | 7 replies
Hi Melissa - Yes, I saw these and I’m leaning towards https://learntitlesearching.comthe content creator is on YouTube there’s ‘about’ page contact info, phone, email etc.The other class might be fine~ but site is missing ‘about’ info, no contact no name, no phone no number no email- not clear who they are.ALTA is specialized/ costly (I’m requesting some cost covered by a job training program) so far I took a few quick low cost basic classes here: Understanding title reports , Basics of Title reports and escrow from online edhttps://www.onlineed.com/catalog?
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13 January 2025 | 21 replies
Their clear incentive is to bet on falling interest rates between now and debt maturity.A small handful of owners are forced to sell due to a looming balloon payment that a refi won't cover, but you're not going to find one of those by driving the market when any commercial broker can just look up properties on that basis and start making calls.
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12 January 2025 | 20 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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8 January 2025 | 27 replies
My friend and her husband disagreed and let the buyers know and that it was still covered by warranty.
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2 January 2025 | 8 replies
The City of Detroit is block-by-block in many Class B & C areas.In our opinion, zip codes cover too large an area.We use Detroit Neighborhoods, which are much smaller than zip codes.
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10 January 2025 | 14 replies
Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed.
8 January 2025 | 10 replies
Since my rentals cash flow, there is an excess to cover cap ex, vacancies etc.
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8 January 2025 | 7 replies
I've seen banks be very competitive with blanket loans that cover multiple properties and/or multi-family properties, e.g. 5+ units.Mortgage Brokers (obviously I'm biased) - Brokers have the ability to work with all of the above and can get you to the best lender for your scenario right away instead of having you waste your time with the wrong type of lender.
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4 January 2025 | 4 replies
This is a conventional loan where they also cover your PMI (private mortgage insurance).