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22 June 2024 | 3 replies
I believe I know the answer to this one but can you consider rent from an unpermitted ADU to qualify for the loan?
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21 June 2024 | 3 replies
Go into any conversation with a potential lender knowing what you want, like a 15 or 30 yr amortization, 75% LTV cash out, minimum loan value etc.
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20 June 2024 | 0 replies
These updates modernized the property, improved its curb appeal, and significantly increased its market value.
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21 June 2024 | 2 replies
Combination of owner carry and investment loan
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21 June 2024 | 11 replies
Hi all, I just received the below term options on a DSCR new purchase loan (780 credit score).
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21 June 2024 | 3 replies
I'm finding some listings on a popular realtor mls listing site (not sure if I'm allowed to say which one here) that have a box on the listing which states "Assumable Mortgage" and has a "learn how" button, when I click on the button it says: "This home has an assumable mortgage" and it lists the current average interest interest rate for April 2024 (7.00) for a new loan vs.
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21 June 2024 | 23 replies
I was an investor, and they were the servicer of the loan.
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21 June 2024 | 11 replies
Sum with Gross Margin and that's your EBIT (earnings before interest and taxes).Next subtract out interest expense and add in any interest income(probably none of that).That gives you net profit before taxes.Then subtract out tax expense.That final number is your Net profit or loss.The principle is accounted for on your balance sheet as you pay your loans you reduce your mortgage liability which increases your balance sheet.
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18 June 2024 | 8 replies
This had 1031 written all over it until the end where you can't get a loan.
21 June 2024 | 10 replies
My current primary was purchased in 2018 with a conventional loan.