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2 January 2025 | 50 replies
I also manage hundreds of residential and commercial properties outside of STRs so I actually understand how seller friendly these platforms are compared to the legal and government system outside of STR world need to deal with.
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11 December 2024 | 10 replies
Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained
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16 December 2024 | 2 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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23 December 2024 | 10 replies
Can you buy a house with a legal suite?
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25 December 2024 | 60 replies
Are you aware of city of San Diego rules regarding converting existing legal space to ADUs?
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16 December 2024 | 1 reply
I was interested in the finance and legal aspects of operating a multi-state buy and flip equity fund.
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20 December 2024 | 4 replies
It will also require extensive networking to raise funds from other, legally, to buy at scale.Recommend your plan be more realistic with a goal of 10 years for your real estate to be generating enough cash to live off - and even that may be a bit optimistic.How to grow?
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17 December 2024 | 1 reply
Should I continue mediation or pursue legal action (considering the time and costs involved)?
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17 December 2024 | 42 replies
Get a real estate attorney with some experience in the matter and have them use a PSA and back you up legally, perhaps even help with some due diligence.
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4 December 2024 | 18 replies
Pay special attention to #4 and #5.An LLC is useful for two things: anonymity and legal protection.