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5 January 2022 | 4 replies
That type of coverage provides an additional limit of liability (normally in increments of $1,000,000) above your home, auto, boat, RV, etc. liability coverage.
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23 March 2022 | 3 replies
.- All assets are removed from your name which will normalize your FICO credit score-They will require quarterly updates on your books-5-10 year balloon is the norm but expect prepayment penalties- Lender holds 3 months of reserves Here was my breakdown when first exploring this: https://www.biggerpockets.com/...Properties 20+: PLAY WITH THE BIG BOYS:Flush with cash after the cash refinance and hopefully additional capital the number one priority is acquiring properties.
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12 June 2022 | 4 replies
Rates moving around is "normal course of events" type stuff.
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10 January 2022 | 4 replies
The closing agent is not this attorney, but he does work in the title company and oversees the closings and weighs in on them.Reason is I’ve got a transaction that’s gone bad after closing, and in seeking remedies, unbeknownst to me when I started talking to the title company attorney as a “neutral party”, I shared some things I normally wouldn’t have.I found out through the grapevine about his dual role AFTER I had the conversation with him.Shouldn’t this attorney disclose that he is also the managing broker for the seller before talking to me?
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4 January 2022 | 0 replies
Listen to those that complain about their experience and you can normally hear the real problem that occurred.
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4 January 2022 | 1 reply
This Q4 felt a bit more seasonality as things are maybe, kind of, almost back to normal.
6 January 2022 | 11 replies
But I’ve only purchased in NV and MN, so maybe that’s normal.
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4 January 2022 | 4 replies
There are some types of properties like ZER CASH FLOW where all money goes to the mortgage and zero's out with the lease term.So If you buy something at say 4 million that normally had 1.2 million down to assume the loan but now can get in for 800k then after closing could re-advance unused funds of say 1.2 million and then do with as you wish and preserve the exchange.Good luck no legal or 1031 exchange advice given.
5 January 2022 | 4 replies
My job now is your normal 9-5, but I'm not completely cut-off from the world and still have text/email/call availability.
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15 February 2022 | 3 replies
I’m aware of some concerns such as lack of equity compared to a normal home, etc.