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19 March 2018 | 1 reply
The balance on the loan is $58k, and the value is approximately $90-$95k.
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19 March 2018 | 9 replies
If you put the property in the LLC and it is properly formed and operated then your personal assets should be protected.
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19 March 2018 | 9 replies
Is it properly zoned and permitted?
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19 March 2018 | 2 replies
@Kole Kingslien Guidelines for land contract:- Payoff of Installment Land Contract Requirements When the proceeds of a mortgage loan are used to pay off the outstanding balance on aninstallment land contract (also known as contract or bond for deed) that was executed within the12 months preceding the date of the loan application, Fannie Mae will consider the mortgageloan to be a purchase money mortgage loan.The LTV ratio for the mortgage loan must be determined by dividing the new loan amount by thelesser of the total acquisition cost (defined as the purchase price indicated in the land contract,plus any costs the purchaser incurs for rehabilitation, renovation, or energy conservationimprovements) or the appraised value of the property at the time the new mortgage loan isclosed.
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20 March 2018 | 3 replies
For a fully stabilized property with a loan amount of 800-1,000,000 up to 6 million, then Freddie Mac or Fannie Mae small balance commercial loan is the best terms you could ever hope to get.
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19 March 2018 | 3 replies
Make sure gutters and leaders are clean, angled properly, and run FAR AWAY from the house.Good luck!
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16 March 2019 | 9 replies
Hi Ashish, cash offers can be very powerful, especially when framed properly.
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21 March 2018 | 7 replies
If you do not manage the project properly time can eat away all your potential profits.
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20 March 2018 | 22 replies
It's a sum of an interest bearing balance and a deferred balance.
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26 March 2018 | 7 replies
We can typically model which loans are open and outstanding, and their balances.