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22 January 2025 | 0 replies
Mortgage recasting, also known as re-amortization, is a process that allows homeowners to lower their monthly mortgage payments by applying a lump sum toward their principal balance.
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26 January 2025 | 15 replies
Ultimately buying real estate without down payment funds is far trickier of a process.
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28 January 2025 | 3 replies
Then start analyzing deals so you get comfortable with that process.
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26 January 2025 | 13 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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11 February 2025 | 20 replies
@Aaron Bard- plenty of lenders offer DCSR loans ...contact a few for quotes ...also - dont pay any lenders at the beginning of the process
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20 January 2025 | 23 replies
not sure if you are familiar with basketball but it is alot like the spurs offense. meaning the system works if you trust the process. my uncle has everything set up. contractors, know how, experience, tenant screening. management. so i will integrate into his system and learn it to replicate it like Steve Kerr did for the WarriorsYes, I am - The Big Fundamental was a great power forward!
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15 February 2025 | 14 replies
Congratulations on starting the process of becoming an investor!
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21 January 2025 | 4 replies
If you would like to avoid that process, then you can either close with a portfolio loan or DSCR, and just vest title in your LLC from the beginning @Lau Cor.
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18 January 2025 | 3 replies
Start the eviction process.
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11 February 2025 | 20 replies
Many borrowers file this form as an exclusion to their US federal taxes as they may have been taxed by the country where they are earning the income.Required Documentation for Foreign IncomeWhen it comes to processing foreign income for a loan, documents required may include:» Most recent personal tax returns» History of receipt» Proof of continuance of foreign income earnings» Conversion of the income from the foreign currency to US dollarsThese documents must be translated or completed in English so that a loan reviewer can properly evaluate the information provided.Fannie Mae & Freddie Mac GuidelinesIncome from Foreign SourceIncome from foreign sources must be reported on the borrower’s most recent U.S. individual federal income tax returns.