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23 January 2011 | 24 replies
This is from Wells memo:On January 15, 2010, HUD issued Waiver of Requirements of FHA regulations 24 CFR 203.37a(b)(2), allowing a one year waiver to its flip policy on transactions where the property seller is owner-of-record 90 days or less.In that Waiver, HUD provided additional requirements for FHA flip transactions where the sale price of the subject property has increased by 20 percent or more above the seller’s original acquisition cost.Wells Fargo Funding will not purchase FHA flip transactions when the sales price of the subject property is 20 percent or more above the seller’s acquisition cost1 .
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19 January 2011 | 11 replies
I am getting a rate of (25 percent down) 4.3 percent for 15 years.I would like to know if this is a good deal worth pursuing.
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23 January 2011 | 30 replies
All are good points but just refer to different segments along a business life time line.
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24 January 2011 | 24 replies
Those properties would remain paid in full for my lifetime.
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29 January 2011 | 4 replies
., a few percent) and there is no rent credit, the risk is less.
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21 August 2018 | 68 replies
Assuming that you're talking about managing a single-family house, what's normal in the property management industry is between 7 and 10 percent of the gross monthly rents collected.
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11 February 2011 | 4 replies
Might sell them together giving someone a larger yard.Options can certainly be done on lots, but usually the price is not that much to arrive at a ten per cent option price and if so, it's tied up for not much money at all.
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10 February 2011 | 11 replies
Of course 90 some percent aren't really active, but it is fun to see them come back to life occasionally.
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16 February 2011 | 22 replies
I like having them do it though so I'm not tempted to put the money to work in long-term deals.The 50 percent guideline includes taxes and insurance already.
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12 February 2011 | 6 replies
My lender only requires 10 percent down, and will take half of that in the form of a car title, piece of land etc.