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22 January 2025 | 13 replies
The interest rate is 7%, so we suggest this property is for someone who wants to get into Lease Options and meets the other requirements such as adequate reserves and credit.That means, they buy the property, they wind up with $50,000 in equity and they do a Lease Option to a buyer who doesn't currently own a house, but wants to.
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28 January 2025 | 15 replies
You are required to vacate the home before 5:00 PM on December 31, 2024.
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19 January 2025 | 10 replies
If you can sit on the sidelines and be choosy this requirement is fine, but you are going to have to kiss a lot of frogs before you find someone with that much cash on a wrap sale transaction...it may take 6+ months unless you advertise like a mad man3.
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30 January 2025 | 2 replies
We also have investor loans that only require 5% down on new construction investment properties.
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23 January 2025 | 31 replies
So this requires some upfront planning.
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31 January 2025 | 7 replies
Unless you qualify as a Real Estate Professional (which has strict requirements), your rental losses can only offset passive income.
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20 January 2025 | 3 replies
My role does not require any underwritting to deal presentation to the principals.
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1 February 2025 | 15 replies
The absence of a personal guarantee from any disqualified persons is still required, just as with third-party financing.
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14 January 2025 | 3 replies
Is it better to have a job or business that is doing well, then funnel the money into larger projects, if my desire is to be one of the main GP for like 33-100 unit multifamily projects?
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23 January 2025 | 7 replies
You can put a mortgage into a "trust: without triggering a due on sale but again contacting your bank/lender is the best route to avoid any issues.Some banks/lenders or servicing companies change guidelines and even a trust may require other paperwork but the attorney usually facilitates that to be safe.