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10 July 2024 | 2 replies
2) most lenders will take many months to process these requests 3) most lenders will require you qualify in order to approve the assumption ...good luck
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10 July 2024 | 9 replies
Once you make assumptions about redeploying your periodic note payments, such as the rate of return earned on the reinvested amounts and the periodicity, you'll see improvement in the CAGR for the note.
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10 July 2024 | 8 replies
@Alya BoumizaI would say your assumption of the rent is wrong.
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9 July 2024 | 4 replies
*(If the LLC distributes K-1s to the managers, this confirms my assumption).
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8 July 2024 | 15 replies
So if you're concerned with tying up entitlement with sub-to, you're in the same boat with assumption.
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8 July 2024 | 14 replies
@Wesley PittmanHey Wes,Have you been able to close a VA assumption without the assuming party certifying that they will owner occ?
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8 July 2024 | 21 replies
In terms of timeline, don't plan for it to be a fast process, your rockstar local loan officer will not be processing the assumption, it'll be a group of call center people reading scripts from a computer screen.
9 July 2024 | 22 replies
@Nathan Gesner you are right to question my assumption.
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11 July 2024 | 24 replies
PM us for more info, but in the meantime read more advice below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
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10 July 2024 | 0 replies
Heck, my CPA and I regularly discuss and are forced to make our own assumptions on how the IRS may interpret something in our real estate taxes, if we were to get audited.