18 June 2024 | 6 replies
The other options are in the creative financing space, either seller financing, or sub2, these options also can provide a sustainable cash flow model, because you are getting below market terms.
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20 June 2024 | 22 replies
To be sustainably successful requires a marketing budget of $5,000 - $10,000 per month PER market area.
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19 June 2024 | 32 replies
Both FNMA and FHLMC permit this, under the following circumstances: Notes: For all such transfers affecting mortgage loans purchased or securitized by Fannie Mae on or after June 1, 2016, the transferee is not required to occupy the propertya limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.Citation: D1-4.1-02: Allowable Exemptions Due to the Type of Transfer (04/13/2022)Now, you will still have the Note and reporting in your name individually and will still be personally responsible for the mortgage and most likely, the manner of transfer will enable any litigant to pierce the veil of your LLC, but you'll have what you wanted, for whatever reason.
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18 June 2024 | 0 replies
The covered parking area and patios should have adequate drainage to prevent water accumulation and potential damage.Investment ForecastPurchase Price: $849,900Total NOI over 10 years: $308,782.13Year 10 Value: $1,256,336 (based on a conservative 4% appreciation rate)Annualized return: 6.30%ConclusionWhile this property is poised for appreciation, sustaining it over several years for substantial returns would require substantial financial resources due to high debt servicing costs and negative annual Cash on Cash (CoC) returns.
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17 June 2024 | 0 replies
The first step toward this goal is for the city council to recognize the harm caused by maintaining a high commercial tax rate, which drives companies away from the city.Hopefully, we can explore more avenues to generate employment opportunities for Worcester residents, empowering them to work and sustain themselves.
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20 June 2024 | 69 replies
But once in a while, when the BS gets too thick and my eyes start to water from the stench, things need to be aired out and I will disclose these things in private in this discussion to someone who questions that I am who I say I am, or whom I think is not being fully truthful.Man, does this hit in a timely manner.
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20 June 2024 | 245 replies
We know how many going to foreclosure, what we don't know is whether the bank can sustain those losses (such as hotel / office ) before the Gov. stepped in1.
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18 June 2024 | 83 replies
I think we only saw the first wave from this, and are now into consolidation and normalization, from which sustained growth will next come, if not already is here in early days of it.
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16 June 2024 | 10 replies
And is low balling being used, because you know at certain times it's a waste of time due to high demand for that asset.So I kind of spoke about this in a cloudy manner because I approach it non methodically, and try to maintain flexibility.
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18 June 2024 | 69 replies
Many title Co's do cut and dry transactions and are not comfortable closing deals in this manner.