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10 December 2024 | 17 replies
Flat Fee buyer agency to reduce acquisition costs (get ~2% of the sales price back), and flat fee MLS listing to reduce selling costs to ~$500.
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9 December 2024 | 5 replies
What are some pros that I can highlight from the seller’s perspective.Here are a few that I’ve come up with:1) monthly income at a higher interest rate;2) avoiding a larger tax bill by reducing the purchase price (on paper);3) a promissory note that they could potentially sell down the road.Any other major ones I am missing?
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17 December 2024 | 16 replies
This reduces my rate without buying it down.
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12 December 2024 | 3 replies
If they refuse to pay you that amount, or reduce the purchase price by that amount, then you can decide whether you want to move forward with the purchase or not.I suspect it's not a large amount, so there's no need to make this a big issue.
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11 December 2024 | 0 replies
For those managing active income streams—like wholesaling, flipping, or even running a real estate business—filing as an S-Corp can significantly reduce self-employment taxes.
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15 December 2024 | 10 replies
Adding a lead filter may reduce/eliminate lead content, but they are still going to replace the pipe.
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10 December 2024 | 1 reply
Hi There-Some feedback would be great- Do you Sell the house yourself or do you engage another Realtor to do the sale and keep it at arms length in order to reduce any liability?
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12 December 2024 | 9 replies
., rental income reduces or we got laid off), is it a good move?
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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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9 December 2024 | 1 reply
At closing, the accumulated credit is applied to reduce the purchase price, eliminating the liability.