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5 September 2024 | 11 replies
There still is a tendency for DSCR Loans in particularly to get lumped in (throughout securitization) with other "Non-QM" loans, mostly owner-occupied when they really shouldn't be in my view, further a lot of the "tech" and software, systems buildout (including loan doc generators) are based on consumer resi which creates a lot of headaches.Anything rehab/construction related though (which is what the original post appears to be more about) is a different animals though - experiences are likely to vary markedly by market, lender, bank etc quite a bit
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4 September 2024 | 25 replies
I know probably several hundred co-brokes and I have worked with many as an investor before I got licensed and started a team.A combination of several reasons: Real estate agents are in an industry that is easy entry and it rewards networking much more than actual skills (let that one sink in), because consumers don't know how to vet agents and it becomes mostly about trust - so you work with your friend's cousin, because he said she's great.
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9 September 2024 | 52 replies
I understand you are not necessarily wanting to sell, but perhaps tap into the equity (refinance, portfolio loan, partnership) and parlay the equity into fewer, larger properties.
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1 September 2024 | 1 reply
Also, how would I order the report for just this property when LexisNexis is asking for personal information for a Consumer Disclosure Report on the order request form?
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8 September 2024 | 101 replies
So, owning fewer 'A' properties or more 'C' and 'D' properties is a question to reckon with.High-end properties tend to increase in value faster than lower-end properties and many people use this business model to get rich.
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2 September 2024 | 7 replies
Flexibility: Land contracts can offer more flexibility in terms of payment schedules and interest rates.Risks for Buyers: Lack of Protection: Buyers may have fewer legal protections than with a traditional mortgage, especially if the contract is not properly drafted.
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2 September 2024 | 9 replies
There are numerous state and federal laws related to buying and selling mortgage notes as well as originating mortgages/contract for deeds etc.You have Dodd Frank as well as numerous other consumer protection laws that you have to deal with.
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3 September 2024 | 2 replies
Now that August 17th has passed, and the new NAR Settlement is in effect, big changes for consumers on both sides of real estate transactions are being felt across the nation.
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31 August 2024 | 4 replies
"Consumer Electronic File Storage": $25 [this seems like a bs addon]L.
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30 August 2024 | 1 reply
You might have an easier time buying a parcel and subdividing it into residential and commercial lots, then proposing the commercial use variance just for the commercial lot.Doing all of this research on your client's behalf is mighty generous and very time consuming for you.