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2 May 2019 | 10 replies
They dont always communicate between the lender and underwriting and they will go ahead and just run your credit and then you have to explain something theyve heard 100 times "No I usually have an above a 800 credit score its just because they ran my credit without asking"Create a dropbox or gmail account specifically for the properties where you can store all the important documents.If you are doing investing and have full time job, good luck and godspeed, this became a second full time job and I ended up losing a long time girlfriend over it.St.
13 June 2019 | 13 replies
The PV company advocates for wiring all the PV panels in series and then letting any excess electricity from the panels balance equally through all three meters - that's technically the most cost effective for the whole property, but would mean I need to install a bunch of extra hardware to measure actual electricity usage.
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22 December 2018 | 12 replies
[Biggerpockets] is notorious for the no and no money down niche, but you really need to have a good financial runway prior to investing otherwise you will lose your bottom when it goes sideways.
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20 December 2018 | 18 replies
@Mack Bailey To add to what @Wayne Brooks said, a seller in foreclosure may agree to a sub-to because they are going to lose the house and their credit is taking a beating anyway.
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21 December 2018 | 37 replies
But I didn’t want to do a cash out refinance because I’d lose my lower rate.
20 December 2018 | 5 replies
They get the return they were promised, or they lose the money to a failed investment and it's done.
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22 December 2018 | 10 replies
Fannie Mae subsidizes interest rates and loan terms, so if you want that subsidy then your LO needs something that can be sold to Fannie, which is where the profit is at in mortgage lending.There are non-Fannie Mae loans that do not care about FNMA rules, but you also lose the FNMA subsidy on the rate and terms.
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21 December 2018 | 20 replies
There are plenty of people who do well in flipping, but there are a few reasons why this might not be the best option for you at the moment:- You can lose your shirt if you don't know what you're doing- You'll need enough capital to both buy the house and also fix it up- The market is starting to soften, so flips may not be as easy to sell as they would be in a very strong marketIf your goal is to start off with one property in 2019, one great option for you might be to combine the concepts of flipping and house-hacking.
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2 January 2019 | 18 replies
Corp. established that a South Carolina court has the right to force the seller to foreclose, sell the property at a judicial sale and return proceeds in excess of the buyer's outstanding debt to the buyer, thereby preserving buyer equity.
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20 December 2018 | 3 replies
If you make an offer, and can't close, you lose your deposit many times.